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Can you summarize MIAC R. 432.611 - R. 432.676 PART 5?
Internet Gaming > INTERNET WAGERING ACCOUNTS
Short Summary
The provided legal document content pertains to internet wagering accounts in the context of internet gaming in Michigan. It covers various aspects related to the establishment, management, and regulation of internet wagering accounts. The documents require internet gaming operators and internet gaming platform providers to limit each authorized participant to one internet wagering account and username. The internet wagering account must be non-transferable, unique to the authorized participant, and distinct from any other account established with the operator or provider. The documents also emphasize the need for age and identity verification before allowing individuals to create internet wagering accounts and place internet wagers. Only individuals who are 21 years of age or older and not prohibited persons are allowed to participate. The documents require the implementation of internal controls and procedures to handle fraudulent use of internet wagering accounts and the confiscation of winnings from prohibited persons. They also mandate the display of responsible gaming information on the operator’s website or platform, including contact details for gambling disorder helpline and links to resources for individuals with potential gambling problems. The documents outline the requirements for establishing an internet wagering account, including the collection and verification of personal information. They also specify the methods through which an authorized participant’s internet wagering account may be funded. The documents provide guidelines for the withdrawal of funds from internet wagering accounts, including the operator’s right to decline withdrawal requests in cases of suspected fraudulent conduct. They also require the provision of account statements and the periodic re-verification of authorized participants’ identification. The documents address the closure of internet wagering accounts, the handling of dormant accounts, and the suspension and restoration of accounts under certain conditions. Overall, the documents aim to ensure the integrity, security, and responsible use of internet wagering accounts in the state of Michigan.
Whom does it apply to?
Internet gaming operators and internet gaming platform providers
What does it govern?
Internet wagering accounts
What are exemptions?
No specific exemptions are mentioned in the documents.
What are the Penalties?
No specific penalties are mentioned in the documents.
Jurisdiction
Michigan