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Wyoming Statutes Title 9. Administration of the Government § 9-24-102. Online sports wagering regulation; rulemaking

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) The commission shall regulate online sports wagering and sports wagering operators and vendors.

(b) The commission shall promulgate rules to implement this chapter. The rules the commission promulgates shall establish standards and procedures for online sports wagering and associated sports wagering systems. The rules shall include:

(i) Governance of the conduct of online sports wagering and the system of wagering associated with online sports wagering, including all of the following:

(A) Terms and conditions for online sports wagering that are compliant with all applicable federal laws;

(B) Identification of the sporting events upon which online sports wagers may be accepted and methods of play;

(C) The manner in which online sports wagers are received and payoffs are remitted;

(D) Procedures for managing and resolving suspected cheating, sports wagering irregularities and complaints;

(E) A requirement that for a patron to make a lawful wager the patron must be physically present in the state when making the wager unless otherwise authorized by the commission;

(F) A requirement for each sports wagering operator to use a geolocation system to ensure that a patron making an online sports wager is physically present in the state when making the wager unless otherwise authorized by the commission;

(G) Internal controls for all aspects of online sports wagering, including procedures for system integrity, system security, operations and accounting;

(H) Operational controls for online gaming accounts;

(J) Procedures to ensure that sports wagering operators do not offer prohibited sports wagers.

(ii) Establishing the method for calculating online sports wagering revenue and standards for the counting and recording of cash and cash equivalents received in the conduct of online sports wagering, to include methods for ensuring that internal controls are followed, financial records are maintained and audits are conducted;

(iii) Reasonable minimum qualifications for sports wagering operators;

(iv) Any other matters necessary for overseeing online sports wagering and sports wagering operators and vendors.

(c) In promulgating rules pursuant to this section, the commission shall examine the regulations implemented in other states where online sports wagering is conducted and shall, as far as practicable, adopt a similar regulatory framework to maximize revenue generated for the state.

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Cite this article: FindLaw.com - Wyoming Statutes Title 9. Administration of the Government § 9-24-102. Online sports wagering regulation; rulemaking - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-9-administration-of-the-government/wy-st-sect-9-24-102/

Read this complete Wyoming Statutes Title 9. Administration of the Government § 9-24-102. Online sports wagering regulation; rulemaking on Westlaw

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