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9/9/20  7:23 pm
Commenter: Gaming Laboratories International (GLI)

GLI: 11 VAC 5-70-170 Permissible and Prohibited Wagers - Part 2
 

Key:   Recommended Modifications and Additional Rule Text    Removals  

Original Section(s)

11 VAC 5-70-170 Permissible and Prohibited Wagers.

GLI Recommendations

 

E.      A permit holder shall not accept any wager on a type of event unless it has received prior approval from the Department.

F.      A permit holder may petition the Department for approval of a new event upon which wagers may be placed or accepted. If a permit holder would like to offer a new category of event or wager type, they must submit a request to the Department using the Category of Sports Betting Request Form.

1.      A proposed new event may be a variation of an authorized event, a composite of authorized events, or any other event compatible with the public interest and suitable for permit holder use.

2.      A Category of Sports Betting Request Form shall include the following information:

a.      The name of the petitioner;

b.     Whether the new event or wager type is a variation of an authorized event, a composite of authorized event or wager type, or any other event or wager type compatible with the public interest and is suitable for permit holder use;

c.      A complete and detailed description of the new event or wager type for which approval is sought, house rules, and the manner in which wagers would be placed, payout information, source of the information used to determine the outcome of the sports wager, and any restrictive features of the wager

d.     A full description of any technology which would be utilized to offer the new event or wager type;

e.     Information or documentation which demonstrates that:

i.       The event could be adequately supervised;

ii.      The outcome of the event would be verifiable;

iii.     The outcome of the event would be generated by a reliable and independent process;

iv.     The outcome of the event would be unlikely to be affected by any wager placed;

v.      The event could be conducted in compliance with any applicable laws; and

vi.     The granting of the request for approval would be consistent with the public policy of the territory.

f.      Request for a test of the new event or wager type;

g.      Evidence of sports governing body rules and regulations or integrity monitoring of the new event; and

h.     Any other pertinent information or material requested by the Department.

3.      The decision whether to grant approval to accept wagers on a new event or wager type shall be based on all relevant information including, but not limited to, the factors above. The Department may subject any technology that would be utilized to offer the event to such testing, investigation and approval process as he deems appropriate.

4.      Any request for a new event or wager type must be submitted to the Department at least fourteen (14) days in advance of the proposed date of accepting wagers on such category of sports event or wager type

5.      Upon approval of the new event or wager type, the Department shall provide public notice of such approval including any conditions and limitations placed on such approval. Such notice shall occur by publication on the Department’s website as close as practicable to the time at which the Department approves the new event or wager type. Thereafter, any permit holder may accept wagers pursuant to the approval and any conditions and limitations placed thereon.

6.      If the Department determines, at any time, that approved rules are not adequate to ensure compliance with the regulations and this rule or the integrity of sports betting, then the Department may direct the permit holder to amend its rules.

GLI recommends adding as seen in other markets. 

11 VAC 5-80-90.4

E.    All new games and technology event or wager types are screened for adherence to responsible gaming standards

GLI recommends moving 11 VAC 5-80-90.4 here and changing it to incorporate this screening into the review of new event or wager types.

 

F.    The Department may use information received from the applicable sports governing body to determine whether to allow wagering on a particular event or players to make wagers of a particular type.

GLI recommends adding as seen in other markets. 

 

G.   The Department reserves the right to prohibit the acceptance of wagers and may order the cancellation of wagers and require refunds on any event for which betting would be contrary to the public policies of the Commonwealth of Virginia.

CommentID: 84599