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Can you summarize LAAC Title 42, Part XV, Chapter 11, Section 1135?
Rules; Operations > Sports Wagering Platforms; Duties of Operator
Short Summary
This document outlines the duties and responsibilities of operators of sports wagering platforms. The operator is required to identify themselves and provide a set of terms and conditions as well as a privacy policy to the players. The privacy policy should specify the information collected, the purpose of collection, and the conditions for disclosure. Player information should be kept confidential, except when required by law or requested by the corporation. The operator must ensure compliance with the Act, rules, and corporation requirements, as well as adhere to AML standards and federal/state laws. Procedures should be established to prevent unauthorized withdrawals, clarify ownership of funds in player accounts, ensure timely deposit of winnings, allow withdrawals, offer account closure options, provide access to play history and account details, and prevent tampering with the operation of sports wagering or equipment. Complaint reporting procedures should be established, and records of complaints should be maintained. Inactive sessions should be terminated with appropriate notifications and reestablishment steps. Operators should cooperate with investigations by sports governing bodies or law enforcement agencies, subject to confidentiality requirements. This document is governed by the Louisiana Administrative Code and was last amended in January 2023.
Whom does it apply to?
Operators of sports wagering platforms
What does it govern?
Sports Wagering Platforms; Duties of Operator
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties are not specified in the provided document.
Jurisdiction
Louisiana