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Can you summarize MICL 432.411?
LAWFUL SPORTS BETTING ACT (432.401 - 432.419) > Sports betting operator; duties; age verification requirements; unauthorized use and fraud prevention.
Short Summary
This legal document, known as the Lawful Sports Betting Act, governs age verification requirements and unauthorized use and fraud prevention in the context of sports betting operators. It applies to sports betting operators and sports betting suppliers providing an internet sports betting platform. The document requires sports betting operators to implement mechanisms on their internet sports betting platform to verify that participants are 21 years of age or older and that internet sports betting transactions are limited to authorized participants located in the state or other authorized jurisdictions. Additionally, the operators must include mechanisms to detect and prevent unauthorized use, fraud, money laundering, and collusion. The document prohibits sports betting operators from allowing individuals under 21 years old or individuals listed in the board’s responsible gaming database to establish an internet sports betting account or place wagers, except for testing purposes or as authorized by the board. It also mandates the display of the sports betting operator’s license on the internet sports betting platform. The document does not specify any penalties for non-compliance or violation.
Whom does it apply to?
Sports betting operators and sports betting suppliers providing an internet sports betting platform
What does it govern?
Age verification requirements, unauthorized use and fraud prevention in the context of sports betting operators
What are exemptions?
The document does not mention any specific exemptions.
What are the Penalties?
The document does not specify any penalties for non-compliance or violation.
Jurisdiction
Michigan