Key: Recommended Modifications and Additional Rule Text Removals Movement
Original Section(s) |
11 VAC 5-70-290 Administration of an Account |
GLI Recommendations |
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A. Each sports betting account shall be administered in accordance with the terms and conditions, which have been approved by the Department, including but not limited to: 1. Deposits; 2. Credits to accounts; 3. Debits to accounts; 4. Withdrawals; 5. Minimum deposit; and 6. Fees, if any, per wager; B. Any wager shall be placed directly with the sports betting platform by the player. A sports betting platform shall not accept a wager in an amount in excess of funds on deposit in the player account of the individual placing the wager. C. A person may not directly or indirectly act as an intermediary, transmitter or agent in the placing of wagers for a player. A person may not place a wager on behalf of a player. Only a player may place a wager with their player account. Direct or indirect involvement as an intermediary, transmitter or agent in the placing of wagers includes a system, known as a transfer account or master account, whereby funds are deposited to one account from another account. This section does not prohibit use of credit or debit cards specifically approved by the permit holder or the use of checks, money orders or negotiable orders of withdrawal; |
GLI recommends making new section with items from 11 VAC 5-70-290 focusing on player account transactions. GLI also recommends these requirements be added based on what has been seen in other markets. |
11 VAC 5-70-290.G |
D. A player account may be funded using:
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GLI recommends additional methods be allowed based on what has been allowed in other markets. GLI also recommends
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11 VAC 5-80-90.10 |
E. Cash transfers and automatic deposits are prohibited or restricted |
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11 VAC 5-70-290.H |
F. Funds may be withdrawn from a player account through:
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