Surety Bond News

Indiana state enacted a new law linked to advanced deposit wagering. The new law which is named HB 1153 would have approved advanced deposit wagering on horse racing in the state that will be organized by secondary pari-mutuel operations. As originally written, the bill asked the Gaming Commission to take on rules that would stipulate a “guarantee or acceptable surety” to guarantee that the balances will be paid in an advance deposit wagering account. HB 1153 was modified before it was enacted so it now does not include any bonding requirements.