The Nevada Attorney General’s office is working with the state’s Esports Technical Advisory Committee to develop a regulatory framework that will legalise esports betting in the state by the end of 2019.
On October 24th, the group will meet again to finalise the rules that will be given to the Nevada Gaming Control Board (NGCB) and, later, the Nevada Gaming Commission. The proposed rules would allow bookmakers to take bets on esports matches without seeking further authorization from the Nevada Gaming Control Board.
Members of Nevada’s Esports Technical Advisory Committee are chosen by state officials.
Nevada has named a Ubisoft executive to its esports committee, where Senior Deputy Attorney General John Michela stated, “The overriding purpose of the proposed reforms will allow licenced bookies to accept betting on esports events in the way of traditional athletic events.”
The rule would compel bookies to do more ‘due diligence. This involves providing quarterly updates to Nevada authorities on all esports leagues and events on which wagers have been received.
Players and punters will be able to participate on CSGO betting sites along with other esport tournaments, over 10 million viewers watched the Dota tournament this year, known as “The International”, which plenty of viewers wish to place bets on their favorite team.
In the event of an incident, the chair of the NGCB will be able to order betting sites to stop taking bets on certain esports matches. Meanwhile, if a sportsbook thinks a certain event or league should be open for wagering, it can submit a request for a review.
Atlanta Esports Ventures CEO and Committee Head Paul Hamilton addressed drafting language to approve individual tournament organisers or game developers, which will help smooth out wrinkles like the need for additional applications and governmental approvals. “It’s all about giving operators the flexibility that they need, but giving us the comfort we’re looking for to make sure it’s done well,” Hamilton said.
Chairman of Allied Esports and member of the committee Jud Hannigan called this “a strong road to the advancement for our objective here.”