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Can you summarize 58 PACO Section 1408.7?
[Reserved] > Sports wagering certificate holders or sports wagering operator licensees organization.
Short Summary
This document outlines the requirements for the organization and internal controls of sports wagering certificate holders and sports wagering operator licensees in Pennsylvania. It specifies that these entities must have organization charts depicting segregation of functions and responsibilities, and descriptions of duties and responsibilities for each position. The organization charts must include a system of personnel and chain of command, segregation of incompatible functions, and performance of all functions in accordance with sound financial practices. Additionally, the document requires the maintenance of an information technology department supervised by a licensed key employee who functions as the information technology director. It also mandates the employment of an information technology security officer and an interactive gaming manager for online and mobile application sports wagering. The information technology director is responsible for the integrity of data, computer systems, and software used in sports wagering activities. The information technology security officer is responsible for maintaining access codes, reviewing logs, and ensuring compliance with security policies. The interactive gaming manager oversees the proper operation and integrity of interactive and mobile application sports wagering. The document also outlines the reporting obligations of the interactive gaming manager, including reporting suspicious behavior and prohibited individuals. Overall, this document sets the standards for the organization and internal controls of sports wagering certificate holders and sports wagering operator licensees in Pennsylvania.
Whom does it apply to?
Sports wagering certificate holders and sports wagering operator licensees in Pennsylvania
What does it govern?
Organization and internal controls for sports wagering certificate holders and sports wagering operator licensees
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Pennsylvania