S.D. Admin. R. 20:18:35:05

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:18:35:05 - Event category and wager type approval

Unless already approved by the commission, a licensee or sports wagering provider shall request approval from the commission in the form and manner prescribed by the commission, subject to the following:

(1) A request for approval of an event category involving sporting events must include the name of the sports governing body and, to the extent known by the licensee or sports wagering services provider, a description of its policies and procedures regarding event integrity;

(2) A request for approval of an event category involving events other than professional and collegiate sporting events must include:

(A) A full description of the event category and the manner in which sports bets would be placed and winning sports bets would be determined;

(B) A full description of any technology that would be utilized to offer the event category;

(C) Assurance that the event category meets the requirements of subdivision (6);

(D) Any rules or voting procedures related to the event category; and

(E) Any other information the commission considers necessary.

(3) The commission may require an appropriate test or experimental period, under the terms and conditions the commission considers appropriate, before granting final approval to an event category or wager type. The commission may subject any technology that would be used to offer an event category or wager type to such testing, investigation, and approval as it considers appropriate.

(4) The commission may grant, deny, limit, restrict, or condition a request made pursuant to this rule for any cause. The commission may issue an order revoking, suspending, or modifying any approval of an event category or wager type granted under this rule for any cause.

(5) The commission shall notify all licensees and sports wagering services providers of any additions, deletions, or changes regarding authorized event categories and authorized wager types.

(6) A licensee or sports wagering services provider may only accept sports bets on events and wager types for which:

(A) The event can be effectively supervised by a sports governing body or other oversight body;

(B) There are integrity safeguards in place;

(C) The outcome can be documented and verified;

(D) The outcome can be generated by a reliable and independent process;

(E) The outcome is not affected by any wager placed;

(F) The event and acceptance of the wager type are conducted in conformity with all applicable laws; and

(G) Wagering on the event and acceptance of the wager type are consistent with the public policy of this state.

(7) The commission may use any information it considers appropriate, including, but not limited to, information received from a sports governing body, to determine whether to authorize or prohibit wagering on a particular event or a particular wager type.

S.D. Admin. R. 20:18:35:05

48 SDR 014, effective 8/22/2021

General Authority: SDCL 42-7B-7, 42-7B-11(13).

Law Implemented: SDCL 42-7B-2.1(1), 42-7B-43.