W. Va. Code R. § 179-9-5 - Internal controls; house rules

5.1. Sports pool operators shall file internal controls for all aspects of sports pool and/or online sports pool wagering systems with the Commission prior to commencing operations.

5.2. The internal controls shall address the following items regarding the sports pool system, at a minimum:

5.2.1. User access controls for all sports pool personnel;

5.2.2. Segregation of duties;

5.2.3. Automated and manual risk management procedures;

5.2.4. Procedures for identifying, reporting fraud, and suspicious conduct;

5.2.5. Procedures to prevent wagering by prohibited sports pool participants;

5.2.6. Description of AML compliance standards;

5.2.7. Description of all types of wagers available to be offered by the system; and

5.2.8. Description of all integrated third party systems.

5.3. The internal controls shall detail the reconciliation of assets and documents contained in a sports wagering lounge ticket writer's drawer, sports pool kiosks, and online sports pools.

5.4. In the event of a failure of an online sports pool system's ability to pay winning wagers, the licensee shall have internal controls detailing the method of paying winning wagers. The licensee shall also file an incident report for each system failure and document the date, time and reason for the failure along with the date and time the system is restored with the Commission.

5.5. Casino licensees and sports pool intermediaries shall adopt comprehensive house rules which shall be approved by the Director that include the following, at a minimum:

5.5.1. Method of calculation and payment of winning wagers;

5.5.2. Effect of schedule changes;

5.5.3. Method of notifying patrons of odds or proposition changes;

5.5.4. Acceptance of wagers at terms other than those posted;

5.5.5. Expiration of any winning ticket one year after the date of the event;

5.5.6. Method of contacting the operator for questions and complaints;

5.5.7. Description of prohibited sports pool participants; and

5.5.8. Method of funding a sports wager.

5.6. The house rules, together with any other information the Commission deems appropriate, shall be conspicuously displayed in the sports wagering lounge, posted on the operator's website, and included in the terms and conditions of a sports wagering account. Copies shall be made readily available to patrons.

Notes

W. Va. Code R. § 179-9-5