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Can you summarize KYRS 230.805?
HORSE RACING COMMISSION > Racing commission to institute system of sports wagering -- Service providers -- Requirements -- Sports wagering account registration -- Limitation on accounts -- Administrative regulations.
Short Summary
This legal document pertains to the Kentucky Horse Racing Commission and governs the establishment of a system of sports wagering in the state. The racing commission is authorized to promulgate administrative regulations to ensure compliance with federal law and the provisions outlined in this document. Sports wagering can only be offered by tracks holding a license and may be conducted or managed by sports wagering service providers. The document outlines requirements for sports wagering account registration, including the need for patrons to register their accounts either in person at a licensed facility or remotely through a service provider’s website or mobile application. The document also emphasizes the need for age verification and the implementation of procedures to prevent access to sports wagering by individuals under the age of eighteen. Additionally, it specifies the information that must be obtained during the registration process, such as the patron’s physical address, phone number, unique user name, and email account. The document further addresses limitations on the number of accounts a patron can hold with a service provider, the protection of patron information, identity verification for deposits and withdrawals, and the use of geolocation technology to ensure wagers are only accepted from patrons physically located in Kentucky. The racing commission is also granted the authority to enter into agreements with other jurisdictions or entities to facilitate multijurisdictional sports betting. Finally, the document allows tracks to contract with up to three service providers to support sports betting operations both on-site and online, and specifies that sports wagering can only be offered once a sports wagering license has been issued by the racing commission.
Whom does it apply to?
Racing commission, tracks holding a license to operate sports wagering, sports wagering service providers, patrons
What does it govern?
System of sports wagering, sports wagering service providers, and related parties
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Kentucky