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Can I collect bank account information from participants in Indiana? What are the requirements?

Based on the provided documents, it appears that you are asking about collecting bank account information from participants in Indiana.

Answer:

If you are referring to collecting bank account information for the purpose of establishing a sports wagering account, then the Indiana Gaming Commission has established specific requirements for sports wagering operators [2.1]([2.2])[2.4]([2.5]).

In order to establish a sports wagering account, a sports wagering operator must create an electronic patron file that includes the patron’s legal name, date of birth, Social Security number or equivalent identification number, sports wagering account number or username, residential address, electronic mail address, telephone number, and any other information collected from the patron used to verify the patron’s identity [2.2]([2.2]).

The sports wagering operator must also encrypt certain information contained in the electronic patron file, including any portion of the patron’s Social Security number or equivalent identification number, the patron’s passwords and personal identification numbers, and the patron’s personal financial information [2.2]([2.2]).

The sports wagering operator must verify the patron’s identity using reliable forms of personal identification specified in internal controls or other methodology for remote multisource authentication, which may include third-party and governmental databases [2.2]([2.2]).

Additionally, a sports wagering system must provide an account statement with account details to a patron on demand, which shall include detailed account activity for at least six months. In addition, an online sports wagering system shall, upon request, be capable of providing a summary statement of all patron activity during the past two years [2.1]([2.1]).

Therefore, if you are a sports wagering operator, you may collect bank account information from participants in Indiana, but you must comply with the specific requirements established by the Indiana Gaming Commission.

If you are not a sports wagering operator, or if you are collecting bank account information for a purpose other than establishing a sports wagering account, then additional laws and regulations may apply.

Please note that this response is based solely on the provided documents and may not be applicable to all situations. It is recommended that you consult with a legal professional for specific guidance on your particular situation.

Source(s):
Jurisdiction

Indiana