Current through Register Vol. 54, No. 25, June 22, 2024
Section 1408a.6 - Segregation of bank accounts(a) A sports wagering certificate holder or sports wagering operator shall maintain a domestic bank account for player's funds separate from all other operating accounts to ensure the security of funds held in the player's sports wagering accounts.(b) The balance maintained in this account shall be greater than or equal to the sum of the daily ending cashable balance of all player sports wagering accounts and unpaid wagers.(c) A sports wagering certificate holder or sports wagering operator shall have unfettered access to all player sports wagering account and transaction data to ensure the amount of funds held in its independent account is sufficient. A sports wagering certificate holder's or sports wagering operator's Chief Financial Officer shall file a quarterly attestation with the Board, unless otherwise directed by the Board, that the funds have been safeguarded under this section.