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Can I offer a sports betting product in Virginia? What are the requirements?

To offer a sports betting product in Virginia, you must obtain a sports betting permit and comply with the sports betting platform requirements set forth in the Virginia Administrative Code [1.1]. To obtain a permit, you must submit a narrative description of your plan for offering a sports betting platform in Virginia and information for the department to conduct a background investigation [1.2]. The narrative component of the application should include information describing your background in sports betting, experience in wagering activities in other jurisdictions, proposed internal control standards, history of working to prevent compulsive gambling, proposed procedures to detect and report suspicious or illegal gambling activity, and more [1.2].The sports betting platform requirements include, but are not limited to, the following:Additionally, a permit holder shall implement age-verification procedures to verify that no sports bet is placed by or on behalf of an individual younger than 21 years of age [2.1]. A permit holder shall make available, publish, and facilitate parental control procedures to allow parents or guardians to exclude minors from access to any sports betting platform [2.1].To summarize, to offer a sports betting product in Virginia, you must obtain a sports betting permit, comply with the sports betting platform requirements, and implement age-verification and parental control procedures [1.1][2.1].