{"data":{"id":"us-va/va.-code-58.1-4045","jurisdiction":"us-va","citation":"Va. Code § 58.1-4045","heading":"Liquidity pools","body":"The Board may promulgate rules authorizing permit holders to offset loss and manage risk, directly or with a third party approved by the Director, through the use of a liquidity pool in Virginia or another jurisdiction so long as such permit holder, or an affiliate of such permit holder, is licensed by such jurisdiction to operate a sports betting business. However, a permit holder's use of a liquidity pool shall not eliminate its duty to ensure that it has sufficient funds available to pay bettors.2020, cc. 1218, 1256.","path":["Title 58.1. Taxation","Subtitle IV. Other Sources of State Revenue","Chapter 40. Virginia Lottery Law; Sports Betting","Article 2. Sports Betting"],"source_url":"https://law.lis.virginia.gov/vacode/58.1-4045/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:44Z","sha256":"5a5eba787d6a81bd20664ee87245a9f0b120e9f176746fa1c0c64e9241b1a082","source_id":"us-va","stale":true,"prev":"us-va/va.-code-58.1-4044","next":"us-va/va.-code-58.1-4046"},"notice":"GroundRules: Original legal text. Not legal advice."}