New Sports Betting Bill Aiming to Bring Betting Exchanges to Illinois

New Sports Betting Bill Aiming to Bring Betting Exchanges to Illinois New Sports Betting Bill Aiming to Bring Betting Exchanges to Illinois

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Legal sports betting options in Illinois could be expanding to something beyond retail sportsbooks and online sports betting sites.
A proposed amendment this week would provide “exchanged trade wagering” in the Prarie State if House Bill 1405 presented by Rep. Robert Rita can pass. It calls for the Illinois Gaming Board to allow up to two approved exchange trade wagering licenses.
Betting exchanges would allow Illinois sports betting participants to wager against one another instead of just on odds provided by the sportsbook. 
These exchanges would be monitored by a “recognized market surveillance technology used in United States financial markets...
Source: https://www.covers.com/industry/new-sports-betting-bill-could-bring-betting-exchanges-to-illinois-january-26-2023