Md. Code Regs. 36.10.14.04

Current through Register Vol. 51, No. 21, October 18, 2024

Section 36.10.14.04 - Limits on Accepting Wagers

A. A sports wagering platform shall be capable of allowing a registered bettor to establish the following responsible wagering limits:

(1) A deposit limit on a daily, weekly and monthly basis that specifies the maximum amount of money a registered bettor may deposit into their sports wagering account during a particular period of time;

(2) A limit on the amount wagered or money lost within a daily, weekly or monthly basis that:

(a) Renders the registered bettor unable to place an additional wager for the remainder of the time selected once the registered bettor reaches the loss limit; and

(b) Does not allow a wager placed prior to reaching the loss limit to be cancelled or refunded;

(3) A limit on the amount of money wagered within a daily, weekly or monthly basis that renders the registered bettor unable to place an additional wager for the remainder of the time selected once the registered bettor reaches the wager limit;

(4) A limit on the maximum amount of a single wager;

(5) A time-based limit that specifies the maximum amount of time, measured hourly from the registered bettor's login to log off, in which a registered bettor may engage in sports wagering on a daily basis;

(6) A temporary suspension of sports wagering through the sports wagering account for the number of days selected by the registered bettor; and

(7) A mechanism by which a registered bettor may change the limits of §A(1)-(6) of this regulation.

B. Notwithstanding any other provision in this section, the registered bettor may not change wagering limits while a sports wagering account is suspended.

C. An increase to financial limits in §A of this regulation may not become effective until after the time period of the previous limit has expired.

D. A decrease to the chronological limits in §A of this regulation may not be effective later than the registered bettor's next login.

E. A self-imposed limitation established by a bettor may not replace or override a more restrictive limitation imposed by a licensee or these regulations.

Md. Code Regs. 36.10.14.04

Amended effective 49:1 Md. R.16, eff. 1/13/2022