Can you summarize 11 VAAC 5-70-10?

Short Summary

This document provides definitions for various terms used in the chapter related to sports betting in the Virginia Administrative Code. It applies to individuals and entities involved in sports betting in the Commonwealth of Virginia. The document defines terms such as ‘ACH’, ‘Adjusted gross revenue’, ‘Affiliate’, ‘Cheating’, ‘College sports’, ‘Gross revenue’, ‘Principal’, ‘Sports betting’, and many others. The definitions provided in this document help in understanding the legal framework and terminology related to sports betting in Virginia.

Whom does it apply to?

Individuals and entities involved in sports betting in the Commonwealth of Virginia

What does it govern?

Definitions of terms used in the chapter related to sports betting

What are exemptions?

No exemptions are mentioned.

What are the Penalties?

Penalties are not specified in this document.

Jurisdiction

Virginia

Source

11 VAAC 5-70-10 [https://reggi.cloud.regology.com/regulations/US-VAAC/US-VAAC_T_11_ST_5_C_70_S_10]

• AML