A new vote gives the Michigan gambling authority the power to make liquidity deals across state lines.
With a new legislative initiative in Michigan state, a popular and ground-breaking development in Europe looks like it is about to be adapted in the US landscape.
The Bill
House of Reps-backed SB 991 supports the Lawful Interactive Gaming Act allowing cross-border exchange of information and gaming data.
SB 991 green-lights state gambling regulator Michigan Gaming Control Board (MGCB) to seek and negotiate shared liquidity arrangements with other states.
Liquidity Sharing Component
Though online gambling is not yet permitted in the US, the support for SB 991 would position Michigan to participate in future shared liquidity pools with other states should permissions for online gambling and specifically poker be approved in the United States.