Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-4045
Liquidity pools
Official textlaw.lis.virginia.gov
The Board may promulgate rules authorizing permit holders to offset loss and manage risk, directly or with a third party approved by the Director, through the use of a liquidity pool in Virginia or another jurisdiction so long as such permit holder, or an affiliate of such permit holder, is licensed by such jurisdiction to operate a sports betting business. However, a permit holder's use of a liquidity pool shall not eliminate its duty to ensure that it has sufficient funds available to pay bettors.
Source: view the official text
Nearby sections (25 sections)
- 58.1-4033 · Renewals of permits
- 58.1-4034 · Duties of permit holders
- 58.1-4035 · Suspension and revocation of permits; civil penalties
- 58.1-4036 · Use of official league data
- 58.1-4037 · Tax on adjusted gross revenue
- 58.1-4038 · Distribution of tax revenue
- 58.1-4039 · Events on which betting is prohibited; penalty
- 58.1-4040 · Underage betting prohibited; penalty
- 58.1-4041 · Persons prohibited from sports betting; penalty
- 58.1-4042 · Operation and advertising of unpermitted facilities…
- 58.1-4043 · Reporting and investigating prohibited conduct
- 58.1-4044 · Required direct notification to the Department and to…
- 58.1-4045 · Liquidity pools
- 58.1-4046 · Intermediate routing of electronic data
- 58.1-4047 · Certain provisions in Article 1 (§ 58.1-4000 et seq.) to…
- 58.1-4048 · Gaming Regulatory Fund
- 58.1-4100 · Definitions
- 58.1-4101 · Regulation and control of casino gaming; limitation
- 58.1-4102 · Powers and duties of the Board; regulations
- 58.1-4103 · Voluntary exclusion program
- 58.1-4104 · Fingerprints and background investigations
- 58.1-4105 · Hearing and appeal
- 58.1-4106 · Injunction
- 58.1-4107 · Eligible host city; certification of preferred casino…
- 58.1-4107.1 · Regional Improvement Commission