Pennsylvania HB2497 regulates event outcome prediction wagering, establishing licensing, tax, and consumer protection requirements.

Pennsylvania HB2497 establishes a regulatory framework for event outcome prediction wagering, requiring platforms to obtain a license from the Pennsylvania Gaming Control Board. The bill outlines application requirements, including background investigations for key employees and financial stability assessments. It imposes a 20% wagering tax on gross revenue and a 2% local share assessment, with funds directed to the General Fund and local governments, respectively. The bill also mandates consumer protections, such as self-exclusion lists and cooling-off periods.

Pennsylvania HB2497 regulates event outcome prediction wagering, establishing licensing, tax, and consumer protection requirements.

Pennsylvania HB2497 establishes a regulatory framework for event outcome prediction wagering, requiring platforms to obtain a license from the Pennsylvania Gaming Control Board. The bill outlines application requirements, including background investigations for key employees and financial stability assessments. It imposes a 20% wagering tax on gross revenue and a 2% local share assessment, with funds directed to the General Fund and local governments, respectively. The bill also mandates consumer protections, such as self-exclusion lists and cooling-off periods.