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Can you summarize LAAC Title 42, Part XV, Chapter 11, Section 1141?
Rules; Operations > Limitation on Active Accounts; Obligations to Players
Short Summary
This document, part of the Louisiana Administrative Code, specifically the Lottery Sports Wagering Subchapter A. General Provisions, outlines the limitations and obligations that operators of sports wagering platforms must adhere to. The document requires operators to limit each authorized player to one active and continuously used account and username. It also mandates the implementation of rules and procedures to suspend accounts of players who attempt to establish multiple usernames or accounts. Operators are required to publish parental control procedures to exclude minors from accessing the platform and must provide clear and accurate information regarding the conduct of sports wagering. Additionally, operators must allow players to permanently close their accounts at any time and implement measures to protect the privacy and online security of players’ personal and financial information. The document prohibits the transfer of funds between players’ accounts and requires the use of mechanisms to detect and prevent negative balances. Operators must also allow players to withdraw funds from their sports wagering accounts within five business days, with certain exceptions for delays caused by payment processors or the need for documentation. The document allows operators to decline withdrawal requests if fraudulent conduct is suspected, but requires a reasonable and expedient investigation. Overall, this document sets forth the obligations and limitations that operators of sports wagering platforms must follow in Louisiana.
Whom does it apply to?
Operators of sports wagering platforms
What does it govern?
Limitation on Active Accounts; Obligations to Players
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Louisiana