Can you summarize 1 COCR 207-2 RULE 6 6.11?
This document, part of the Code of Colorado Regulations, specifically the Department of Revenue’s Division of Gaming - Rules promulgated by Gaming Commission, pertains to the regulations regarding prohibited sports betting participants. It applies to any person who is prohibited pursuant to 44-30-1506, C.R.S., any individual whose participation may undermine the integrity of the betting or the sports event, or any person who is prohibited for other good cause. The document lists various categories of prohibited sports betting participants, including individuals placing wagers as agents or proxies, athletes, coaches, referees, players, individuals with positions of authority or influence over sporting contests, persons under the age of 21, and persons with access to exclusive information.
Can you summarize 1 COCR 207-2 RULE 6 6.12?
No licensee shall allow, conduct, or participate in any false or misleading advertising concerning its Sports Betting Operations.
Can you summarize 1 COCR 207-2 RULE 6?
The provided legal document content covers various aspects of the rights and duties of licensees under the Colorado Limited Gaming Act. It emphasizes the responsibility of licensees to employ and maintain lawful methods of operation and prohibits the use of unlawful methods as determined by the Commission. Licensees are required to fully comply with the statutes, Rules and Regulations of the Commission, and promptly notify the Division of Gaming of any violations or suspected violations.
Can you summarize 1 COCR 207-2 RULE 7 7.5?
This document outlines the internal control procedures that Sports Betting Operations must adhere to before beginning sports betting activity. The procedures cover various aspects including the method of paying winning wagers in the event of a system failure, user access controls, segregation of duties, risk management procedures, fraud and suspicious conduct reporting, prevention of betting by prohibited participants, exclusion of patrons, anti-money laundering compliance standards, approval of wager types, accepting wagers and issuing payouts, reconciliation of assets, cashing winning tickets, acceptance of value game chips, issuance and acceptance of promotional funds and free bets, integration of third-party systems, identification and restriction of prohibited participants, closing out dormant accounts, making adjustments to patron accounts, geolocation verification for online betting, security of patron information, problem gambling program procedures, responsible gaming and self-exclusion program, secure issuance and modification of account passwords, patron notification methods, handling of patron complaints, location and security of sports betting servers, terms and conditions for sports betting, line setting and moving, redeeming lost tickets, identifying and canceling wagers, voiding wagers, change management process, and any other internal control deemed necessary by the Director or the Director’s designee.
Can you summarize 1 COCR 207-2 RULE 7 7.9?
This document outlines the accounting controls for the casino onsite Sports Betting Operation. It applies to Sports Betting Operators and Sports Betting Operations. The document requires the establishment of internal audit procedures and the observation and testing of cashiering compliance with internal controls. It also mandates accounting controls for the Sports Betting Operation, including the use of imprest amounts for sports betting inventory, completion of a sports betting count sheet, and reconciliation of net receipts.
Can you summarize 1 COCR 207-2 RULE 7?
The provided legal document content outlines the requirements and operations of sports betting in Colorado. It covers various aspects such as the Sports Betting Operations Fee, system integrity and security assessment, retail transactions, security and surveillance, internal control procedures, certification testing, accounting controls, geofence requirement, change control requirements, and account management. The documents apply to Sports Betting Operators, Internet Sports Betting Operators, Master Licensees, and other entities involved in sports betting operations in Colorado.
Can you summarize 1 COCR 207-2 RULE 9 9.4?
This document, part of the Code of Colorado Regulations, specifically the Department of Revenue’s Division of Gaming - Rules promulgated by Gaming Commission, pertains to responsible advertising and promotions in the context of sports betting. It outlines several requirements for offers and bonuses, including the need for accurate and transparent terms and conditions, clear advertising materials, and proper disclosure of risks and restrictions. The document also prohibits advertising that targets underage participants and requires Sports Betting Operators and Internet Sports Betting Operators to submit annual reports on their efforts to promote responsible gaming.
Can you summarize 1 COCR 207-2 RULE 9?
This document, part of the Code of Colorado Regulations, specifically the Department of Revenue’s Division of Gaming - Rules promulgated by Gaming Commission, pertains to responsible gaming and self-restriction in the context of sports betting. It applies to sports betting websites, mobile applications, self-service gaming devices (kiosks), Master, Sports Betting Operator, and Internet Sports Betting Operator licensees, as well as Sports Betting Operations with brick-and-mortar locations. The document requires these entities to display a responsible gaming logo on their platforms, provide a prominent message with a helpline number for gambling problems, include links to resources for assistance with gambling problems, and outline their policy and commitment to responsible gaming.