(a) A sports wagering operator or sports
wagering vendor must adopt comprehensive wagering rules, which must be approved
by the Commission.
(b) The wagering
rules, together with any other information the Commission considers
appropriate, must be conspicuously displayed on the sports wagering operator's
or its sports wagering vendor's digital platform or mobile application,
included in the terms and conditions of sports wagering accounts, and copies
must be made readily available to individuals and patrons.
(c) The wagering rules must address the
following items regarding online sports wagers, at a minimum:
(i) Types of online sports wagers
accepted;
(ii) Minimum and maximum
online sports wagers;
(iii)
Description of the process for handling incorrectly posted events, odds, online
sports wagers, or results;
(iv)
Method for calculation and payment of winning online sports wagers;
(v) Effect of schedule changes;
(vi) Method of notifying patrons of odds or
proposition changes;
(vii)
Acceptance of online sports wagers at other than posted terms;
(viii) Procedures related to pending winning
online sports wagers;
(ix) Method
of contacting the sports wagering operator or sports wagering vendor for
questions and complaints;
(x)
Description of prohibited persons, restricted patrons, and events and wager
types on which online sports wagers may not be accepted under the statutes and
these rules;
(xi) Methods of
funding a wager;
(xii) Maximum
payouts; however, such limits must only be established through limiting the
amount of an online sports wager and cannot be applied to reduce the amount
paid to a patron as a result of a winning online sports wager;
(xiii) A policy by which the sports wagering
operator or sports wagering vendor can cancel online sports wagers for obvious
errors pursuant to the sports wagering operator's or sports wagering vendor's
internal controls, which must include a definition and procedures for obvious
errors;
(xiv) Parlay wager related
rules;
(xv) Rules and procedures
for wagering communications;
(xvi)
What is to occur when an event or any component of an event on which online
sports wagers are accepted is canceled, including the handling of online sports
wagers with multiple selections, such as parlays, where one or more of these
selections is canceled; and
(xvii)
Any other wagering rule and related information the Commission determines
necessary.
(d) The sports
wagering operator shall not implement any changes or modifications of the
practices, procedures, or representations upon which the approval was based
without the prior written approval of the Commission. Failure by an applicant
to act in accordance with the wagering rules may result in disciplinary
action.
