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Colorado Tightens Sports Betting Rules With Deposit Limits and Credit Card Ban
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Community News, Approved, State

Colorado Tightens Sports Betting Rules With Deposit Limits and Credit Card Ban

By Staff at Community News | Community News Colorado online sportsbooks must stop accepting credit card deposits and hold each customer to no more than six separate deposits per gaming day from Wednesday, Aug. 12, under a law signed by Gov. Jared Polis on June 2. The measure, Senate Bill 26-131, is one of the more prescriptive payment-side interventions any US state has imposed on licensed mobile sportsbooks. It does not cap how much money a bettor may move into an account; it caps how many times they may do it within a 24-hour window, alongside a package of marketing restrictions that reaches into push notifications and advertising aimed at people under 21. What the Colorado sports betting deposit limits actually do SB 26-131 limits online sportsbook customers ...
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Colorado Businesses Could Catch Break On Credit Card Swipe Fees
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The Colorado Sun, Approved, State

Colorado Businesses Could Catch Break On Credit Card Swipe Fees

By Rae Solomon | The Colorado Sun Bill to exempt sales taxes from swipe fees heads to Gov. Jared Polis as industry warns of legal fights and consumer impacts. A proposal to reduce credit card swipe fees has whipped up a frothy, multi-million-dollar lobbying fight at the State Capitol this year, pitting the banking industry against retailers, restaurants, and other businesses. It passed the legislature Wednesday and now heads to the governor’s desk. Senate Bill 134 concerns the interchange fees, or swipe fees, that merchants pay to the banks every time a customer pays with a credit card. Currently, those fees are calculated as a percentage of the total charge, sales tax and all. The proposal, which passed the House on a 44-20 vote, would remove sales taxes from t...
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