N.J. Admin. Code § 13:74C-5.8

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

Section 13:74C-5.8 - Non-starters and declared or scratched entries

(a) Except in the case of an antepost market, matched wagers on non-starters, and declared or scratched entries, shall be voided by the exchange wagering licensee.

(b) In the event of a non-starter, declared, or scratched entry, the price of all other matched wagers existing at the time the declared or scratched entry occurred, or the non-starter declared, may be reduced proportionally by the exchange wagering licensee or exchange wagering services agent, in accordance with its internal control procedures, to reflect the increased probability that those outcomes will become winning outcomes. All exchange wagering account applicants shall be advised of this possibility, as part of the application disclosures required pursuant to N.J.A.C. 13:74C-4.1(f).

N.J. Admin. Code § 13:74C-5.8

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

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