Prohibited wagers

Prohibited wagers (a) No wagers may be accepted or paid by any book on: 1. Any amateur sport or athletic event other than; i. Olympic sporting or athletic events sanctioned by the International Olympic Committee, subject to limitation by the Executive Director or the Executive Director’s designee in his sole and absolute discretion, and ii. Collegiate sporting or athletic events; 2. Any sport or athletic event which the licensee knows or reasonably should know, is being placed by, or on behalf of a coach or participant in that event. Each licensee shall take reasonable steps to prevent the circumvention of this regulation; 3. The outcome of any election for any public office; and 4. Any event which the Executive Director deems to be contrary to public policy. (b) A request for approval to accept wagers on an event other than a horse race, greyhound race, or an athletic sports event shall be made by a book on such forms approved by the Executive Director, and shall include: 1. A full description of the event and the manner in which wagers would be placed and winning wagers would be determined. 2. A full description of any technology which would be utilized to offer the event. 3. Such other information or documentation which demonstrates that: i. The event could be effectively supervised; ii. The outcome of the event would be verifiable; iii. The outcome of the event would be generated by a reliable and independent process; iv. The outcome of the event would be unlikely to be affected by any wager placed; v. The event could be conducted in compliance with any applicable laws; and vi. The granting of the request for approval would be consistent with the public policy of the state. 4. Such additional or supplemental information as the Executive Director may require. The decision whether to grant approval to accept wagers on an event other than a horse race, greyhound race, or an athletic sports event shall be based on all relevant information including, but not limited to, the factors in subsection (b)(3) of this section. The Executive Director may subject any technology that would be utilized to offer the event to such testing, investigation and approval process as he deems appropriate. (c) The Executive Director may refer a request for approval to the commission for consideration, or grant, deny, limit, restrict or condition a request made pursuant to subsection (b) for any cause he deems reasonable. A book aggrieved by an administrative decision of the Executive Director may submit the matter for review by the commission pursuant to appropriate and applicable statutory and regulatory provisions. (d) The Executive Director is hereby granted the authority to issue an interlocutory order, revoking or suspending any administrative approval granted pursuant to subsection (c) for any cause deemed reasonable. An interlocutory order shall be deemed delivered and effective when personally served upon the book, or if personal service is impossible or impractical, when deposited, postage prepaid, in the United States mail, to the book at its address as shown in the records of the commission. If an interlocutory order revoking or suspending the administrative approval is issued, the effected book may request that the order be reviewed by the commission pursuant to appropriate and applicable statutory and regulatory provisions. (e) Whenever the Executive Director refers a request for approval to the commission for consideration, the request shall be deemed an application and the book which submitted the request shall submit the appropriate application fee as set by the commission. Such application shall be included on the agenda of the next regularly scheduled meeting of the commission occurring more than 10 working days after receipt of the application. The commission, after considering the recommendation, may grant, deny, limit, restrict or condition the application for any cause it deems reasonable and the decision of the commission shall be final and shall not be subject to any further administrative or judicial review. (f) A sports governing body may notify the commission that it desires to restrict, limit, or exclude wagering on its sporting events by providing notice on such form approved by the Executive Director.