Section 258.02 - Commission Action Upon Receipt of Notice of CessationUpon receiving written notification of a Sports Wagering Operator's anticipated cessation, the Commission may:
(1) Order the Sports Wagering Operator to cease offering or accepting new Sports Wagers within five business days or such longer period as determined by the Commission;(2) Appoint a conservator or receiver to manage and operate the business of the Sports Wagering Operator in the Commonwealth through and after the intended date of cessation. The appointment, duties and obligations of the conservator or receiver shall be subject to the same procedures and requirements as those described in 205 CMR 130.00: Conservators, which shall be construed relative to Sports Wagering for the purposes of 205 CMR 258.02; or(3) Take any other action it deems necessary in its discretion to protect the integrity of Sports Wagering in the Commonwealth, or otherwise protect the interests of the Commonwealth.Adopted by Mass Register Issue 1508, eff. 10/25/2023 (EMERGENCY).Amended by Mass Register Issue 1512, eff. 10/25/2023 (COMPLIANCE).