                                 CODE OF VIRGINIA

LIQUIDITY POOLS (§ 58.1-4045)

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&#8217;s use of a liquidity pool shall not eliminate its duty to ensure
that it has sufficient funds available to pay bettors.

HISTORY: 2020, cc. 1218, 1256.