Section .0500 – Standards for Wagering

 

24 NCAC 06A .0501         Wagering Rules

(a)  The Operator shall adopt comprehensive Wagering Rules, which shall be approved by the Director. The Wagering Rules, together with other information the Director considers appropriate, shall be conspicuously displayed on the Operator's websites, mobile applications, and if applicable, within the Wagering Lounge. Copies shall be made readily available to Individuals and Players.

(b)  The Operator shall not implement changes or modifications of the practices, procedures, or representations on which the approval was based without the prior written approval of the Director.

(c)  The Internal Controls shall ensure that the Operator keeps a log of any changes to the Wagering Rules for a period of five years.

(d)  Failure by an Operator to act in accordance with the Wagering Rules may result in monetary penalties, Suspension or Revocation of its License, civil damages, injunctive relief, or criminal liability.

 

History Note:        Authority G.S. 18C-114(a)(14);

Previously adopted as Rule 1E-001;

Eff. January 8, 2024;

Readopted Eff. March 27, 2024.