{"id":235015,"date":"2022-09-30T13:05:06","date_gmt":"2022-09-30T18:05:06","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=235015"},"modified":"2022-09-30T16:08:44","modified_gmt":"2022-09-30T21:08:44","slug":"committee-wont-look-into-poliss-purported-sports-betting-investment","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/","title":{"rendered":"Colorado Dems Quash Effort to Examine Gov. Jared Polis\u2019 Ties to Sports Betting Industry"},"content":{"rendered":"

Colorado\u2019s bipartisan Legislative Audit Committee wasn\u2019t so bipartisan Wednesday, when it voted 4-4 along party lines. The vote opted not to examine whether or not Gov. Jared Polis\u2019 (D-CO) business interests, potentially including ownership of a gaming stock, allowed him to personally profit from legislation he advanced.<\/p>\n

\"Colorado
Colorado Gov. Jared Polis (D) speaks at a 2021 coronavirus briefing. An audit committee won’t examine his alleged sports betting investments. (Image: Associated Press<\/em>)<\/figcaption><\/figure>\n

The 4-4 tie is essentially a victory for the Democrats, which control Colorado politics, meaning there will be no audit of the governor\u2019s business dealings. State Sen. Jerry Sonnenberg (R-Sterling) brought the request to the committee, reportedly sharing engrossing evidence that the governor gained from sports betting legislation he signed into law.<\/p>\n

Sonnenberg also alleged Polis never followed through on a 2018 campaign promise to put his personal holdings into a blind trust to avoid conflicts of interest. Sen. John Hickenlooper (D-CO) did that when he was governor and mayor of Denver, reports The Colorado Gazette.<\/em><\/p>\n

Democrats dismissed Sonnenberg\u2019s demands for an audit as election-year posturing. They did so while pondering whether or not the audit committee can examine the governor\u2019s personal financial interests. No answer was provided.<\/p>\n

Examining Sonnenberg\u2019s Claims<\/h2>\n

In November 2019, Colorado voters approved Proposition DD, a ballot initiative to legalize sports wagering to direct revenue to the state\u2019s water projects.<\/p>\n

Because sports betting revenue is taxed, and the tax was new in Colorado, voters had the final say in the matter under the terms of the state\u2019s constitution. But in 2018, Polis signed a bill allowing Prop DD<\/a> to be included on the November 2019 ballot.<\/p>\n

\n

According to media reports, Sonnenberg claimed that in advance of Polis signing that legislation, he owned shares of FanDuel. To be precise (and assuming that’s true), the governor owned stock in Flutter Entertainment (OTC: PDYPY), which owns 95% of FanDuel<\/a>. Boyd Gaming (NYSE: BYD) owns the other 5%.<\/p>\n<\/div>\n

Citing disclosures Polis made when he was a congressman, Sonnenberg notes the governor was a Flutter investor from at least some time in 2015 through May 2019 — the month in which he approved the Prop DD legislation.<\/p>\n

FanDuel — the largest online sportsbook operator in the US — contributed $250K to pro-Prop DD initiatives. Polis’ office didn’t respond to a request for comment from Casino.org<\/em> before the publication of this article.<\/strong><\/p>\n

Interesting Optics, Timing<\/h2>\n

Polis is facing off against Republican Holly Ganahl in his quest to win a second term, and no polls indicate that this will be a competitive race.<\/p>\n

Across the country, however, voters\u2019 disdain for politicians profiting from \u201csweetheart\u201d deals and information the public doesn\u2019t have access<\/a> to is the rare issue with bipartisan support.<\/p>\n

\n

In Colorado, the timing of Democrats declining to examine Polis\u2019 purported Flutter investment is interesting because it comes just days after a group of their counterparts in Congress stalled legislation that would have barred members from owning individual stocks.<\/p>\n<\/div>\n

Three members of Colorado\u2019s congressional delegation — two Democrats, including Hickenlooper, and a Republican — are among 72 members of the House and Senate that have run afoul of the STOCK Act. The violations aren\u2019t necessarily egregious in all three cases and boil down to late disclosures and filings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Colorado\u2019s bipartisan Legislative Audit Committee wasn\u2019t so bipartisan Wednesday, when it voted 4-4 along party lines. The vote opted not to examine whether or not Gov. Jared Polis\u2019 (D-CO) business interests, potentially including ownership of a gaming stock, allowed him to personally profit from legislation he advanced. The 4-4 tie is essentially a victory for […]<\/p>\n","protected":false},"author":46,"featured_media":235016,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,61,1074],"tags":[81903,81901,80968],"acf":[],"yoast_head":"\nCommittee Won't Look Into Polis's Purported Sports Betting Investment<\/title>\n<meta name=\"description\" content=\"Colorado audit committee won't examine Polis's alleged FanDuel investment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Committee Won't Look Into Polis's Purported Sports Betting Investment\" \/>\n<meta property=\"og:description\" content=\"Colorado audit committee won't examine Polis's alleged FanDuel investment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T18:05:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-30T21:08:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/JP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/\",\"url\":\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/\",\"name\":\"Committee Won't Look Into Polis's Purported Sports Betting Investment\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/JP.jpg\",\"datePublished\":\"2022-09-30T18:05:06+00:00\",\"dateModified\":\"2022-09-30T21:08:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Colorado audit committee won't examine Polis's alleged FanDuel investment.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/committee-wont-look-into-poliss-purported-sports-betting-investment\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/JP.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/JP.jpg\",\"width\":1160,\"height\":773,\"caption\":\"Colorado Gov. 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