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Can you summarize AZRS 5-1302?
Department of gaming; powers; duties
Short Summary
This legal document, found in the Arizona Revised Statutes, pertains to the Department of Gaming and its powers and duties regarding event wagering. The department is responsible for enforcing and supervising compliance with laws and rules related to event wagering in the state. It has the authority to adopt rules, evaluate applicants for licenses, conduct background checks, and monitor event wagering operations. The department is also tasked with overseeing event wagering facilities, establishing standards and procedures, and ensuring the proper use of player accounts and prevention of fraud. Additionally, the department may authorize event wagering operators to manage risk through the use of a liquidity pool. The document does not specify any penalties for non-compliance or violations. Overall, it outlines the department’s role in regulating and controlling event wagering in Arizona.
Whom does it apply to?
Department, event wagering operators, limited event wagering operators, management services providers, event wagering suppliers
What does it govern?
Regulating and controlling event wagering in this state
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Arizona