Key: Recommended Modifications and Additional Rule Text Removals
Original Section(s) |
11 VAC 5-70-220 Integrity Monitoring. |
GLI Recommendations |
11 VAC 5-70-220.A. |
A regulated entity |
GLI recommends these changes as the existing text mandates this for obtaining a license which can place a burden on smaller operators which does not exist in other markets. |
11 VAC 5-70-220.B. 11 VAC 5-70-230.I |
A regulated entity shall, according to the integrity monitoring system procedures approved by the Director, have controls in place to identify and immediately report
|
GLI recommends merging items 2-4 from 11 VAC 5-70-230.I into 11 VAC 5-70-220.B since they have similar intent as well as changes to keep consistent with § 58.1-4044.A. |
11 VAC 5-70-230.K. |
A regulated entity shall, as soon as is commercially practicable, |
GLI recommends moving after 11 VAC 5-70-220.B as well as changes to keep consistent with § 58.1-4044.B. |
11 VAC 5-70-230.L.
|
A regulated entity shall share with the Director, upon request by the Director, in the form and format required by the Director and in real time and at the account level, information regarding a bettor, including the bettor's personal information, amount and type of wager, the time the wager was placed, the location of the wager, including the internet protocol address if applicable, the outcome of the wager, and records of abnormal, unusual, or suspicious wagering activity. A regulated entity shall maintain such records for at least five years after the related sports event occurs. |
GLI recommends moving after 11 VAC 5-70-220.B as well as changes to keep consistent with § 58.1-4034.B and C |
11 VAC 5-70-230.M. |
If a sports governing body notifies the Director that real-time information sharing for wagers placed on its sporting events is necessary and desirable, and the Director determines in the Director’s sole discretion that real-time information sharing is necessary, a regulated entity shall, as soon as is commercially reasonable, share the same information required to be retained pursuant to subdivision B with the sports governing body or its designee with respect to wagers on its sporting events.
|
GLI recommends moving 11 VAC 5-70-230.M after 11 VAC 5-70-220.B as well as changes to keep consistent with § 58.1-4034.D.1. |
11 VAC 5-70-220.C. |
A permit holder shall ensure that its integrity monitoring system procedures provide for the sharing of information with each other permit holder. |
|
11 VAC 5-70-220.D. |
A permit holder shall review information and reports from other permit holders and, as approved by the Director, notify other permit holders of any similar activity. |
GLI recommends moving last sentence to a Reporting Requirements section. |