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Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
SPORTS WAGERING > STANDARDS OF CONDUCT
Short Summary
The provided legal document content covers various aspects related to sports wagering operations in the State of Illinois. It governs the advertising and marketing conduct for sports wagering operations, including the definition of advertising and marketing channels and requirements for compliance. Licensees and management services provider licensees are required to retain copies of all advertising and marketing materials and provide them to the Illinois Racing Board upon request. The document also outlines the record retention requirements for licensees in the sports wagering industry, excluding occupational licensees. Licensees are required to maintain adequate records of their business operations and make them available to the Illinois Racing Board. The document specifies the retention period and the acceptable formats for maintaining records. Additionally, master sports wagering licensees must keep accurate and complete records of any books, records, or documents pertaining to the sports wagering operation. The document also governs the economic disassociation of key persons or holders of ownership interests in the sports wagering industry. The Illinois Racing Board has the authority to order economic disassociation based on an investigation into the individual’s character, reputation, experience, associations, business probity, and financial integrity. The document outlines the process for contesting the order and the consequences of economic disassociation. Lastly, the document outlines the grounds for disciplinary actions in the Illinois sports wagering industry. License holders and key persons may face fines, suspension, revocation or restriction of license, or other disciplinary action for various acts or failures to act that are injurious to the public health, safety, morals, good order, and general welfare of the people of Illinois or that would discredit the Illinois sports wagering industry or the State of Illinois. The document provides a list of specific acts or omissions that may be grounds for discipline. It also states that license revocation may occur for acts or failures to act that occurred while licensed, and a person whose license has been revoked may not reapply without permission from the Board.
Whom does it apply to?
Licensees, employees, agents, affiliated entities, third parties conducting advertising or marketing on behalf of or to the benefit of a licensee, master sports wagering licensees, management service provider licensees, tier 2 official league data provider licensees, supplier licensees, holders of any license issued under the Act, and identified key persons
What does it govern?
Advertising and marketing for sports wagering operations in the State of Illinois, record retention requirements for licensees in the sports wagering industry, economic disassociation of key persons or holders of ownership interests in the context of sports wagering in Illinois, and grounds for disciplinary actions in the Illinois sports wagering industry
What are exemptions?
Occupational licensees are excluded from the record retention requirements
What are the Penalties?
License holders and key persons may face fines, suspension, revocation or restriction of license, or other disciplinary action for acts or failures to act that are injurious to the public health, safety, morals, good order, and general welfare of the people of Illinois, or that would discredit the Illinois sports wagering industry or the State of Illinois. Violation of an order of economic disassociation may subject a licensee to discipline under Section 1900.310.
Jurisdiction
Illinois