Gov. Jared Polis (D-CO) signed Senate Bill 131, a law imposing new limits on daily deposits for sports-betting applications in Colorado [1, 3].
The legislation aims to curb problem gambling and shield minors from predatory marketing practices. By restricting how users fund their accounts, the state intends to reduce the financial risks associated with high-frequency digital gambling [5, 6].
Under the new law, sports-betting operators are prohibited from allowing users to fund their accounts via credit cards [1, 4]. The law also establishes limits on the amount of money users can deposit into their betting accounts on a daily basis [1, 3].
Beyond financial restrictions, the law addresses the targeting of young adults. Operators are now barred from targeting anyone under the age of 21 with sports-betting marketing [1, 4].
Gov. Polis signed the measure on May 13, 2026 [6]. The sports-betting restrictions were part of a larger legislative push during that period, as the governor signed a total of 29 new bills during that week [2].
Senate Bill 131 [5] represents a shift in how the state regulates the rapidly growing digital gambling industry. The measure focuses on the point of transaction to prevent users from spending borrowed funds, or exceeding their means through rapid daily deposits [5, 6].
“The law prohibits operators from targeting anyone under age 21”
This legislation signals a transition from the initial expansion of legalized sports betting toward a more restrictive regulatory environment. By removing credit cards as a funding source, Colorado is attempting to prevent the accumulation of high-interest debt linked to gambling, while the marketing ban for those under 21 acknowledges the psychological vulnerability of young adults to gamified betting interfaces.
