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Can you summarize LAAC Title 42, Part VI, Chapter 5, Section 525?
Rules; Operations > Unusual and Suspicious Wagering Activity
Short Summary
This document, part of the Louisiana Administrative Code, pertains to the regulation of suspicious wagering activity in the context of sports wagering operations in Louisiana. The document outlines various requirements and procedures that operators must follow to identify and report unusual or suspicious wagering activity. Operators are required to employ systems to identify irregularities in volume or odds that could signal suspicious wagering activities. They must also have internal controls in place to identify unusual wagering activity and report it to an independent integrity monitoring provider or the division. The document also establishes the obligations of independent integrity monitoring providers to share information and reports of unusual activity with member operators and regulatory agencies. Operators are required to submit yearly reports detailing their integrity monitoring systems and any notifications of unusual or suspicious wagering activity. The document also addresses the cancellation of related wagers, notification to sports governing bodies, evaluation of sports wagering offerings, and the confidentiality of information related to unusual or suspicious wagering activity. Specific penalties for non-compliance or violation of the document’s provisions are not specified.
Whom does it apply to?
Operators of sports wagering in Louisiana
What does it govern?
Suspicious wagering activity
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Louisiana