Ask Reggi Your Question Now
Can you summarize MGL Chapter 23N, Section 12?
AUTHORIZATION AND REGULATION OF SPORTS WAGERING > Duties of operators; data source for determining results of sporting events; use of official league data to settle tier 2 sports wagers; sharing of revenues or amounts wagered with sports governing body
Short Summary
This section of the Massachusetts General Law outlines the duties of sports wagering operators and the use of data for determining results of sporting events. Operators are required to employ a monitoring system to identify suspicious activities, report violations of state or federal law, and ensure public safety. They must also use commission-approved platforms for mobile sports wagering, maintain records of receipts, and prevent underage gambling. Operators may use any data source for determining results of tier 1 sports wagers and tier 2 sports wagers on non-U.S. sporting events, unless a sports governing body requests the use of official league data. If official league data is required, operators must comply within a specified timeframe. The commission may evaluate the availability and terms of official league data. Sports governing bodies may enter into commercial agreements to share in wagered amounts or revenues without requiring additional approval from the commission.
Whom does it apply to?
Sports wagering operators, sports governing bodies
What does it govern?
Duties of operators, data source for determining results of sporting events, use of official league data to settle tier 2 sports wagers, sharing of revenues or amounts wagered with sports governing body
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Massachusetts