N.J. Admin. Code § 13:74C-4.10

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:74C-4.10 - Exchange wagering by certain persons prohibited

(a) In addition to the prohibitions set forth at N.J.A.C. 13:74C-4.1(b), a person who has been excluded by the Commission from appearing at any premises subject to the jurisdiction of the Commission pursuant to this chapter or N.J.A.C. 13:70, 71, 72, or 74, including, but not limited to, the premises of off-track wagering facilities, racetracks, licensed farms, non-licensed farms where racehorses are situated, and casino simulcast facilities, shall not be permitted to open or to maintain an exchange wagering account.

(b) Nothing in this chapter shall be interpreted to preclude the Commission from initiating a hearing with regard to an exchange wagering account holder whose continued participation in the exchange wagering system would be inimical to the integrity of exchange wagering or racing, or who is in violation of the Act, this chapter, or N.J.A.C. 13:70, 71, 72, or 74, for the purpose of excluding the exchange wagering account holder from participating in racing, maintaining an exchange wagering account, and appearing at any premises subject to the jurisdiction of the Commission.

(c) No Commission licensee may at any time, directly or indirectly, place an exchange wager in connection with any race or races where that licensee has performed any service whatsoever, or will participate in the race, where that service performed or participation would be pursuant to the license or licenses issued to such person by the Commission. For example, a Commission-licensed trainer who trains a horse that participates in race "x" may not place an exchange wager in connection with race "x", or an exchange wager where the outcome of the exchange wager is dependent on the outcome of multiple races that involve race "x", such as an exchange wager, which relates to the outcome of races "x" and "y"; a Commission-licensed veterinarian who treats a horse in connection with race "x" may not place an exchange wager in connection with race "x"; and a jockey or driver who participates in race "x" may not place an exchange wager in connection with race "x". However, a Commission licensee who has no involvement whatsoever in any race or race subject of an exchange wager, or who will have no involvement in any race or race subject of an exchange wager, may place an exchange wager in connection with such race or races, provided he or she does so through his or her properly established exchange wagering account.

(d) The employees of the exchange wagering licensee, or any exchange management agent or exchange services agent, shall not be permitted to have or maintain an exchange wagering account.

N.J. Admin. Code § 13:74C-4.10

Adopted by 47 N.J.R. 807(b), effective 4/20/2015.

Adopted by 56 N.J.R. 413(a), effective 3/18/2024