Virginia § 58.1-4045 Liquidity pools

Virginia Statutes

§ 58.1-4045 — Liquidity pools

Virginia § 58.1-4045

JurisdictionVirginia

Title 58.1Taxation

Subtitle IVOther Sources of State Revenue

Ch. 40Virginia Lottery Law; Sports Betting

Art. 2Sports Betting

This text of Virginia § 58.1-4045 (Liquidity pools) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 58.1-4045 (2026).

Text

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.

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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.