N.J. Admin. Code § 13:74C-4.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:74C-4.3 - Restrictions on placing and accepting exchange wagers

(a) The exchange wagering licensee shall only accept wagers from New Jersey residents who have established an exchange wagering account in accordance with the Act and this chapter. Only the holder of an exchange wagering account shall place an exchange wager, and an exchange wagering account holder shall only place an exchange wager from a location within the physical borders of this State. Prior to making any account inquiry or requesting any exchange wagering account transaction, other than for an account deposit or account withdrawal, an exchange wagering account holder shall provide his or her confidential personal identification number, to be selected in a manner subject to the discretion of the exchange wagering licensee consistent with its internal control procedures, and such other information as required by the exchange wagering licensee, which may include the account holder's confidential exchange wagering account number. The exchange wagering licensee shall not provide any account information or consummate any such account transaction unless the exchange wagering account holder first provides the correct confidential personal identification number and satisfies any other requirements of the exchange wagering licensee. The exchange wagering licensee may not accept a wager, or series of wagers, in an amount in excess of the cleared funds on deposit and available within the exchange wagering account of the exchange wagering account holder who desires to place the exchange wager. The exchange wagering licensee may not, directly or indirectly, itself extend credit to an exchange wagering account holder.

(b) Unless otherwise approved by the Commission, or authorized by this chapter, no person, corporation, or other entity shall directly or indirectly act as an intermediary, transmitter, or agent in the placing of wagers for a holder of an exchange wagering account. An exchange wagering account holder may place exchange wagers in-person, by direct telephone call, or by communication through computer or other electronic media approved by the Commission.

(c) Unless a waiver of such requirement is granted by the Commission, all persons or entities accepting exchange wagers on behalf of the exchange wagering licensee shall do so at a location within this State, as required at N.J.A.C. 13:74C-3.3.

(d) No exchange wager may be accepted after the time for taking the particular type of exchange wagers ends, which time shall be specified in the exchange wagering licensee's petition to the Commission for approval of that particular type of market, to be filed pursuant to N.J.A.C. 13:74C-5.2.

(e) The exchange wagering licensee, its employees, and agents shall not disclose any information related to the placing of any exchange wager or wagers, or any information related to a person's exchange wagering account, without the consent of the exchange wagering account holder, except to the exchange wagering account holder as authorized by this chapter, to the Commission, or as otherwise required by law.

N.J. Admin. Code § 13:74C-4.3

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

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