Dozens of new laws passed during the Colorado legislative session this year go into effect Wednesday. They range from proper produce labeling to artificial intelligence in health care settings. These are bills that passed without a “safety clause,” so they become law 90 days after the legislative session ends, after a constitutionally-required period of time referendum petitions can be filed against bills.
Sports betting limits
Starting Wednesday, people who gamble in Colorado will no longer be able to use credit cards to make deposits on sports betting apps like FanDuel and DraftKings. They will also be limited to six deposits per day. The law also prohibits sports betting companies from advertising to people in Colorado under 21 years old.
The restrictions build on Colorado’s framework for sports betting licenses first awarded in 2020, which has grown into a multibillion-dollar industry.
Senate Bill 26-131 was a bipartisan effort to put in place some protections around the growing sports betting industry and its addictive products. Last year, gamblers in the state bet $6.4 billion on sports, according to the Colorado Department of Revenue’s Division of Gaming.
“Since Colorado’s legalization of online sports betting in 2019, technology has rapidly transformed the industry, catching more and more people in the cycle of devastating gambling addiction,” bill sponsor Senator Matt Ball, a Denver Democrat, said in a statement. “As online sports betting continues its rise in popularity, we must ensure there are reasonable protections in place to help prevent addiction, protect underage Coloradans, and uphold the integrity of the game and its athletes.”…