Section 462.310 - Exchange wagering accounts(1) A person may not open an exchange wagering account or place an exchange wager except in accordance with federal law, ORS 462.301 to 462.340 and the rules adopted pursuant to ORS 462.301 to 462.340.(2) Only a person with a valid exchange wagering account may place wagers through an exchange.(3) To establish an exchange wagering account, a person must be:(a) At least 18 years of age; and(b) A resident of this state or of another jurisdiction in which the placement of exchange wagers is allowed under federal law or the law of that jurisdiction.(4) An exchange wagering account may be established with an exchange wagering licensee in person, by telephone, by mail or through electronic means.