Colorado’s gaming regulators on Thursday did not approve a plan that would open the state to a new form of sports betting that’s been described as a stock exchange for gamblers.
The Colorado Limited Gaming Control Commission voted 3-1 to take no action on proposed rules for exchange wagering, a form of online sports betting that bypasses oddsmakers at traditional sportsbooks and allows gamblers to wager against each other.
If the plan had been approved, Colorado would have become the first state to establish specific rules for exchange wagering and would have become just the second state in the nation to host it.
