Current through Register Vol. 51, No. 19, September 20, 2024
A. A bettor's sports
wagering account may be funded by:
(1) A cash
deposit made directly with a sports wagering licensee;
(2) A cash equivalent, personal check, or
wire transfer made directly or mailed to the sports wagering
licensee;
(3) A bettor's debit card
or prepaid card;
(4) A bettor's
deposit of a winning sports wagering ticket at a sports wagering facility
approved by the Commission;
(5) A
cash complimentary, promotional credit, or bonus credit;
(6) If there is documented notification to
the bettor, an adjustment made by a sports wagering licensee following the
resolution of a dispute; or
(7) Any
other means as approved by the Commission.
B. ACH Transfer.
(1) If a sports wagering licensee has
security measures and controls approved by the Commission to prevent and detect
fraud, it may accept an ACH transfer to fund a wager.
(2) If a bettor has successfully deposited
funds through an ACH transfer on a previous occasion with no outstanding
chargebacks, a sports wagering licensee is not required to consider one failed
ACH deposit attempt as fraudulent.
(3) If a sports wagering licensee suspects
fraud after a bettor's multiple failed ACH deposit attempts, the sports
wagering licensee:
(a) May temporarily freeze
or suspend the bettor's account to investigate; and
(b) If the sports wagering licensee
determines that fraud has been attempted or occurred, suspend the bettor's
account.
C. A
sports wagering licensee may not:
(1) Extend
credit to a bettor; or
(2) Allow
the deposit of funds into a sports wagering account that are derived from the
extension of credit by an affiliate or agent of the sports wagering
licensee.
D. A bettor's
sports wagering account:
(1) May not have a
negative account balance; and
(2)
May not accept a wager if the account does not have funds sufficient to pay for
the wager.
E. The sports
wagering licensee shall update bettor account balances after each bet settles
to reflect the funds available for any future wagers the bettor may choose to
place.
F. Adjustment to a sports
wagering account for an amount of $500 or under shall be periodically reviewed
by supervisory personnel as set forth in the sports wagering licensee's
internal controls.
G. Supervisory
personnel shall authorize an adjustment for an amount above $500 before the
adjustment may be entered into the bettors' account.
