Michigan moves closer to shared liquidity with SB 991
The Michigan House of Representatives has supported SB 991, legislation supporting the Lawful Interactive Gaming Act, which seeks to allow the cross-border exchange of gaming information and data.
Michigan continues to support online gambling
The Michigan State House of Representatives has given the green light to a proposed bill that would give Michigan Gaming Control Board (MGCB), to the state gambling regulator, the power to seek and negotiate joint liquidity arrangements with other states, which could prove to be a key step forward for online poker in the United States.
Voting on the issue, representatives approved proposed SB 991 by an overwhelming 85-16 majority and put forward new legislation that supports the already established the Legal Internet Gaming Act, which authorizes the Council to seek closer ties with operators across the state. line.
The final potential hurdle is the signature of Gov. Gretchen Whitmer, which seems ready to back the law and bring about a unifying moment in the US poker ecosystem.
Joining Shared Liquidity, a big step forward
Should Michigan join the shared liquidity, it would be a major incentive for online poker in the United States, which is growing but nowhere near the offshore operations that reach hundreds of millions per month.
A bill sponsored by a state senator Curtis Hertel Jr. is a big step forward for the industry as a whole, which is hoping Michigan will join the joint liquidity program established by Nevada, New Jersey and Delaware, with Pennsylvania still unsure whether to join, fearing recourse to court from Department of Justice in relation to a newly contested interpretation Wire Act.
As President-elect Joe Biden pledges support for the opinion Wire Act, it is unlikely that the Department of Justice will reinterpret the law to the detriment of cross-border data sharing and, by extension, the lottery and online poker industries.
Poker wins thanks to shared liquidity, still late to the party
Online poker is undoubtedly one of the biggest winners of recent developments, as it would allow Michigan poker operators to combine liquidity with players from Nevada , Delaware i New Jerseyas long as it is the same network, i.e. 888 / WSOP, PokerStars and partypoker.
This is good news, but there is a small caveat. Michigan has already issued 15 betting licenses to interested parties, but none of them have made immediate plans to host poker games as part of their first forays into the market.
The state of Michigan also supports the accelerated introduction of sports betting and casino games. BetMGM is one of the recipients of the new license, which means that partypoker may be one of the first companies to offer rooms card gamesthat entered on the market.
Another entity is TSG Interactive US Services Ltd. which may lead to the appearance of PokerStars. However, no one has yet been able to catch wind of the 888 / WSOP. While this is all exciting news, there is one more thing to consider.
Although SB 991 and the Legal Internet Gaming Act support shared liquidity, a Wire Act resolution must be reached before any such measure can be implemented because SB 991 specifies that the implementation of a shared liquidity system must be "consistent with state and federal laws."