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Can you summarize LAAC Title 42, Part XV, Chapter 11, Section 1153?
Rules; Operations > Unusual and Suspicious Wagering Activity
Short Summary
This document, part of the Louisiana Administrative Code, specifically the Lottery Sports Wagering Subchapter A. General Provisions, outlines the rules and operations related to identifying and reporting unusual and suspicious wagering activity in the state of Louisiana. The operator of lottery sports wagering is required to employ a system to identify irregularities in volume or odds that could indicate suspicious wagering activities. They must also have internal controls in place to identify unusual wagering activity and report it to the corporation. Upon receiving a report of suspicious wagering activity, the operator is permitted to cancel related wagers with approval from the corporation and in accordance with approved procedures. The document emphasizes the confidentiality of all information and data related to unusual or suspicious wagering activity, which can only be revealed upon lawful order of a court or to law enforcement entities, member clubs, sports governing bodies, or regulatory agencies as deemed appropriate by the corporation. The document was promulgated by the Louisiana Lottery Corporation in December 2021, in accordance with R.S. 47:9001 et seq.
Whom does it apply to?
Operators of lottery sports wagering in Louisiana
What does it govern?
Unusual and suspicious wagering activity
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Louisiana