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Can you summarize 491 IAAC 13.5?
SPORTS WAGERING > Advance deposit sports wagering.
Short Summary
This document pertains to the authorization and operation of advance deposit sports wagering in Iowa. It requires licensees and advance deposit sports wagering operators to obtain specific authorization from the commission before conducting advance deposit sports wagering. The document outlines the requirements for account registration, including age verification, player verification, and compliance with the statewide self-exclusion list. It also mandates the availability and acceptance of terms and conditions and a privacy policy for players. The document further addresses the allocation of customer net receipts among multiple licensees, the operation of player accounts, and the maintenance of funds associated with player accounts. Additionally, it establishes the requirement for an annual audit of advance deposit sports wagering operations and the display of player wagers. In the event of the expiration or termination of an operating agreement, notice must be given to the commission and customers, who may have the option to select another partner licensee or have their net receipts assigned to remaining partner licensees. Rule 49113.4(99F) is exempted from compliance with this document.
Whom does it apply to?
Licensees and advance deposit sports wagering operators
What does it govern?
Advance deposit sports wagering
What are exemptions?
Rule 49113.4(99F) is exempted
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Iowa