Code of Massachusetts Regulations
205 CMR - MASSACHUSETTS GAMING COMMISSION
Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering
Section 238.30 - Acceptance of Sports Wagers
Current through Register 1537, December 20, 2024
A system of Internal Controls submitted by a Sports Wagering Operator in accordance with 205 CMR 238.02 shall include procedures relative to the Sporting Events and their Wager categories offered for Sports Wagering pursuant to 205 CMR 247.00: Uniform Standards of Sports Wagering. Such procedures shall include the following:
(1) The adoption, maintenance and updating of House Rules;
(2) Processes for submitting or receiving approval for Sporting Events and Wager categories;
(3) Descriptions of the processes for accepting Wagers and issuing payouts, plus any additional controls for accepting Wagers and issuing payouts in excess of $10,000;
(4) Descriptions of the processes for accepting multiple Wagers from one patron in a 24-hour cycle, including the process to identify structuring of Wagers to circumvent recording and reporting requirements;
(5) Identification of all data sources used in a Sports Wager determination;
(6) Description of the processes for line setting and line moving;
(7) Procedures to review the completeness, accuracy, reliability, timeliness, and availability of any data feeds used to offer or settle Sports Wagers;
(8) Processes for submitting or receiving approval for Sports Wagering tournaments, contests, or pools;
(9) Procedures for issuance and acceptance of promotional gaming credits for Sports Wagering; and
(10) Procedures to identify a Wager or an attempt to Wager above any maximum Wager threshold set by the Sports Wagering Operator that qualifies as unusual or suspicious Wagering.
