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Can you summarize MIAC R 432.743?
AUTHORIZED PARTICIPANT WAGERS > Integrity monitoring/suspicious behavior
Short Summary
This legal document governs the integrity monitoring and reporting of unusual and suspicious wagering activity in internet sports betting in Michigan. It applies to sports betting operators, internet sports betting platform providers, independent integrity monitoring providers, the Michigan Gaming Control Board, sports governing bodies, and regulatory agencies. The document requires sports betting operators and internet sports betting platform providers to have internal controls in place to identify unusual wagering activity and promptly report it to an independent integrity monitoring provider. The independent integrity monitoring providers must share information with each other and disseminate reports of unusual wagering activity to all member sports betting operators and internet sports betting platform providers. If unusual wagering activity is determined to be suspicious, the independent integrity monitoring provider must notify all other providers, the board, the appropriate sports governing body, and other regulatory agencies. Sports betting operators and internet sports betting platform providers receiving a report of suspicious wagering activity may suspend wagering on related events or wager types, but cancellation of internet sports betting wagers requires approval from the board. The board may require operators and providers to provide necessary hardware or software for evaluation or further monitoring. Operators and providers must maintain records of integrity monitoring services and activities for a minimum of 5 years and provide them to the board upon request. The document also allows the board to share information regarding event integrity with relevant entities. Independent integrity monitoring providers must register with the board and maintain records of their services and activities. Operators and providers must maintain the confidentiality of information provided by sports governing bodies, employ personnel responsible for ensuring the operation and integrity of internet sports betting, and promptly notify the board of any suspicious behavior or issues impacting the integrity of internet sports betting.
Whom does it apply to?
Sports betting operators, internet sports betting platform providers, independent integrity monitoring providers, the Michigan Gaming Control Board, sports governing bodies, regulatory agencies
What does it govern?
Integrity monitoring and reporting of unusual and suspicious wagering activity in internet sports betting
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Michigan