The state’s Division of Gaming has released Colorado sports betting figures showing that over $200 million was wagered just in September. That’s up 61% compared to the month of August. Despite the American football season ‘kicking off’, baseball was the sport with the most money wagered. More than $47 million of bets were placed, with football second, basketball third and then followed by hockey. The activity added nearly $70,000 in taxes to state coffers, the division reported. The sports gambling industry debuted in Colorado on May 1st, and amid a pandemic that put a hold on many professional sports. You…

Colorado sports betting could become a reality as soon as next May, if a recently introduced bill on the matter gains traction in the state Legislature and voters approve the legalization of sports gambling in the upcoming November vote. Democratic House Majority Leader Alec Garnett and Republican Minority Leader Patrick Neville introduced the bill late on Thursday. The piece of legislation, if passed, would place a sports betting question on the November ballot. State residents would be asked whether a 10% flat tax on net proceeds from regulated sports gambling should be implemented. The ballot question will be concerned with…

Governor and avowed bitcoin fan Jared Polis signed a Colorado cryptocurrency act on March 8, exempting cryptocurrencies from state securities laws under certain conditions. The new legislation, known as the the Digital Token Act, also exempts crypto broker-dealers and salespeople from state licensing requirements under limited circumstances. Theresa Szczurek, Colorado’s chief information officer, tweeted a photo of Governor Polis as he signed the Digital Token Act into law. Polis was surrounded by several of his cabinet members and the state attorney general. “Exciting day for blockchain technology,” Szczurek tweeted. For more on Colorado cryptocurrency visit CCN.

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