Ask Reggi Your Question Now
Can you summarize MDCR 36.10.18.03?
Sports Wagering Technical Standards > Sports Wagering Platform Requirements.
Short Summary
This document outlines the requirements for sports wagering platforms in Maryland. It applies to sports wagering licensees and applicants. The document states that all sports wagers must be initiated, received, and made within the state, unless licensed by federal law. Sports wagering licensees must submit their platforms and equipment to an independent certified testing laboratory for evaluation. The documentation for the sports wagering platform should include a comprehensive description, operating procedures, risk management framework, user access controls, fraud detection measures, technical safeguards, compliance controls, AML standards, software applications, third-party systems, cheating prevention methods, and any other information required by the Commission. Licensees must provide relevant reports and documentation upon request, including a description of the platform, the ability to query and export wagering data, and the maintenance of transactional data for five years. The platform should record various details for each wager, such as event description, wager selection, type and amount of wager, date and time, unique identifiers, bettor information, wager status, location, results, amount won, and payment details. The platform should also update odds, notify bettors of changes, allow confirmation of wagers, freeze or suspend wager offerings when necessary, and perform functions like creating, settling, voiding, and canceling wagers. The document also emphasizes the prevention of cheating, past posting of wagers, and the voiding and cancellation of wagers after the event outcome is known. It specifies requirements for software validation, data feeds, read-only access for the Commission, and the provision of a query and export process for platform data. The Commission may also impose additional system specifications.
Whom does it apply to?
Sports wagering licensees and applicants
What does it govern?
Sports wagering platform requirements
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Maryland