reglab/statecodes huggingface dataset:
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.18 - Integrity Monitoring/Suspicious Behavior

Current through Register 1525, July 5, 2024
(1) A Sports Wagering Operator shall
			 implement integrity monitoring procedures. These procedures may be provided
			 in-house by a unit capable of performing this function with appropriate
			 segregation of functions and reporting duties, or by a licensed Sports Wagering
			 Vendor.
(2) A system of Internal
			 Controls submitted by a Sports Wagering Operator in accordance with
			 205
			 CMR 238.02 shall include provisions for a
			 Sports Wagering Operator to, within a reasonable timeframe approved by the
			 Commission, report the following to the Commission:
(a) Any facts or circumstances related to the
			 operation of a Sports Wagering Operator that constitute a violation of state or
			 federal law and also promptly report to the appropriate state or federal
			 authorities any suspicious betting over a threshold set by the Sports Wagering
			 Operator, as approved by the Commission;
(b) Any information regarding irregularities
			 in volume or changes in odds that could signal suspicious activities which were
			 identified in accordance with M.G.L. c. 23N, § 12(a)(i);
(c) Any information relating to criminal or
			 disciplinary proceedings commenced against the Sports Wagering Operator in
			 connection with its operations;
(d)
			 Any information relating to the following, which shall also be reported to the
			 relevant Sports Governing Body:
1. Abnormal
			 betting activity or patterns that may indicate a concern with the integrity of
			 a Sporting Event;
2. Any potential
			 breach of the internal rules and codes of conduct pertaining to Sports Wagering
			 of a relevant Sports Governing Body;
3. Any other conduct that corrupts a betting
			 outcome of a Sporting Event for purposes of financial gain including, but not
			 limited to, match-fixing;
4.
			 Suspicious or illegal Wagering activities, including, but not limited to, use
			 of funds derived from illegal activity, Wagers to conceal or launder funds
			 derived from illegal activity, use of agents to place Wagers, and use of a
			 false identification;
5. Complaints
			 of an athlete engaging in prohibited wagering conduct.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.19 - Responsible Gaming and Problem Gaming Plan

Current through Register 1525, July 5, 2024
(1) A
			 system of Internal Controls submitted by a Sports Wagering Operator in
			 accordance with
			 205
			 CMR 238.02 shall contain a Responsible Gaming
			 and Problem Gaming Plan as set forth in
			 205
			 CMR 233.06(6).
(2) At least once every three years, each
			 Responsible Gaming and Problem Gaming Plan shall be subject to an independent
			 audit, as assessed by industry standards and performed by a third-party auditor
			 approved by the Commission, which review shall be paid for by the Sports
			 Wagering Operator.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.20 - Protection of Minors and Underage Youth

Current through Register 1525, July 5, 2024
The system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include the internal
				policies and procedures as required in
				205 CMR
				250.00:
Protection of Minors and Underage
				Youth
.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.21 - Patron Protection Information

Current through Register 1525, July 5, 2024
(1) A system of
			 Internal Controls submitted by a Sports Wagering Operator in accordance with
			 205
			 CMR 238.02 shall provide for the prominent
			 display of patron protection information outlined in
			 205
			 CMR 243.01:
Standards for Sports
			 Wagering Equipment
, including the telephone number and website for a
			 problem gambling hotline overseen by the department of public health approved
			 by the Commission pursuant to M.G.L. c. 23N, § 4(d)(3).
(2) The Sports Wagering Operator's mobile
			 application and digital platform shall prominently display the patron
			 protection information upon each entry into the application or
			 platform.
(3) The Gaming
			 Establishment or Sports Wagering Facility shall prominently display the patron
			 protection information in locations approved by the
			 Commission.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.22 - Complaints Pertaining to Sports Wagering

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures for
				receiving, investigating, responding to and reporting on complaints by
				patrons.
(1) When a patron makes a
			 complaint, the Sports Wagering Operator shall immediately issue a complaint
			 report, setting out:
(a) The name of the
			 complainant;
(b) The nature of the
			 complaint;
(c) The name of the
			 Persons, if any against whom the complaint was made;
(d) The date of the complaint;
(e) The action taken or proposed to be taken,
			 if any, by the Sports Wagering Operator; and
(f) A numerical identifier to differentiate
			 the Operator and date of complaint.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.23 - Sports Wagering Counter

Current through Register 1525, July 5, 2024
The system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include policies and
				procedures relative to the Sports Wagering Counter.
(1) Each Sports Wagering Counter shall:
(a) Be designed and constructed to provide
			 adequate security for the materials stored and the activities performed
			 therein. Such design and construction shall be approved by the
			 Commission;
(b) Include manually
			 triggered silent alarm systems, which shall be connected directly to the
			 monitoring rooms of the surveillance and the security departments;
(c) Include one or more Ticket Writer
			 Stations, each of which shall contain:
1. A
			 Ticket Writer's drawer and interface through which financial transactions
			 related to Sports Wagering will be conducted;
2. A permanently affixed number, which shall
			 be visible to the closed circuit television system;
3. Manually triggered silent alarm systems,
			 which shall be connected directly to the monitoring rooms of the surveillance
			 and the security departments; and
4. Full enclosures, unless funds in excess of
			 $30,000 are either secured in a drop safe approved by the Commission or
			 transferred to the vault or cage.
(d) Include closed circuit television cameras
			 capable of accurate visual monitoring and recording of any activities,
			 including the capturing of the patron's facial image when conducting
			 transactions at the counter;
(e)
			 Have an alarm for each emergency exit door that is not a mantrap; and
(f) Include a secure location, such as a
			 vault, for the purpose of storing funds issued by a cage to be used in the
			 operation of Sports Wagering. The vault shall:
1. Be a fully enclosed room, located in an
			 area not accessible to the public;
2. Have a metal door with a locking mechanism
			 that shall be maintained and controlled by the Sports Wagering
			 manager;
3. Have an alarm device
			 that signals the surveillance department whenever the door to the vault is
			 opened; and
4. Have closed circuit
			 television cameras capable of accurate visual monitoring and recording of all
			 activities in the vault.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.24 - Gaming Day

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall incorporate a "gaming day"
				for accounting purposes.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.25 - Accounting Controls within the Sports Wagering Counter

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall detail the accounting
				controls for the Sports Wagering Counter, which shall include the
				following:
(1) The assets for which
			 each Ticket Writer is responsible shall be maintained on an imprest basis. A
			 Ticket Writer shall not permit any other person to access the Ticket Writer's
			 imprest inventory.
(2) A Ticket
			 Writer shall begin a shift with an imprest amount of currency and coin to be
			 known as the "wagering inventory." No funds shall be added to or removed from
			 the Wagering inventory during such shift except:
(a) In collection of Sports Wagers;
(b) In order to make change for a patron
			 placing a Sports Wager;
(c) In
			 collection for the issuance of Sports Wagering vouchers;
(d) In payment of winning or properly
			 cancelled or refunded Wagers;
(e)
			 In payment of Sports Wagering vouchers;
(f) To process deposits or withdrawals to or
			 from a patron's Sports Wagering Account; or
(g) In exchanges with the cashier's cage, a
			 satellite cage, or vault supported by proper documentation which documentation
			 shall be sufficient for accounting reconciliation purposes.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.26 - Procedures for Acceptance of Tips or Gratuities from Patrons

Current through Register 1525, July 5, 2024
(1) An employee of a Sports Wagering
			 Operator, other than an Occupational Licensee, may accept a Sports Wagering
			 ticket as a tip Wager so long as the employee did not solicit the Sports
			 Wagering ticket, did not participate in the selection of the Wager and the
			 Sports Wagering ticket is placed into a tip pool.
(2) A tip or gratuity may be provided
			 electronically to a dealer or employee of a Sports Wagering Operator upon
			 initiation and authorization by a patron. A Sports Wagering Operator shall
			 include in its Internal Controls the method utilized for the distribution of
			 electronic tips or gratuities and ensure that a report listing all electronic
			 tips shall be available from the system where the transaction
			 occurred.
(3) An Occupational
			 Licensee may not accept a tip or gratuity from a patron of the Sports Wagering
			 Operator.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.27 - Prohibition of Credit Extension

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include controls relating to
				the prohibition of a Sports Wager, issuance of cash, or deposit of funds into a
				Sports Wagering Account that is derived from the extension of credit by
				affiliates or agents of the Sports Wagering Operator pursuant to M.G.L. c. 23N,
				§ 4(d)(2)(viii). For purposes of
				205
				CMR 238.27, credit shall not be deemed to
				have been extended where, although funds have been deposited into a Sports
				Wagering Account, the Sports Wagering Operator is awaiting actual receipt of
				such funds in the ordinary course of business.
(1) Credit providers such as small amount
			 credit contracts (payday lending) shall not be advertised or marketed to
			 patrons.
(2) A patron shall not be
			 referred to a credit provider to finance their Sports Wagering
			 activity.
(3) Confidential
			 Information and Personally Identifiable Information related to a patron shall
			 not be provided to any credit provider.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.28 - Events, Odds and Result Management

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures regarding
				the selection of the events and for setting and updating the odds, wagering
				margins or blocking events, as well as for receiving the results from reliable
				sources. Procedures shall exist for validating accuracy and preventing
				fraudulent activities. Such procedures shall be based on the respect of
				integrity, responsible gaming, and ensuring transparency.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.29 - Monitoring the Sports Wagering Activities

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures for
				monitoring all changes to odds or blocking throughout a Sporting Event,
				monitoring of the Wager category, events and patron transactions for the
				detection of irregularities, monitoring of winners over a certain amount of
				gains, and deposits over a certain size. Such procedures shall also specify
				thresholds of payment and methods of collection.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.30 - Acceptance of Sports Wagers

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures relative
				to the Sporting Events and their Wager categories offered for Sports Wagering
				pursuant to
				205 CMR
				247.00:
Uniform Standards of Sports
				Wagering
. Such procedures shall include the following:
(1) The adoption, maintenance and updating of
			 House Rules;
(2) Processes for
			 submitting or receiving approval for Sporting Events and Wager
			 categories;
(3) Descriptions of the
			 processes for accepting Wagers and issuing payouts, plus any additional
			 controls for accepting Wagers and issuing payouts in excess of
			 $10,000;
(4) Descriptions of the
			 processes for accepting multiple Wagers from one patron in a 24-hour cycle,
			 including the process to identify structuring of Wagers to circumvent recording
			 and reporting requirements;
(5)
			 Identification of all data sources used in a Sports Wager
			 determination;
(6) Description of
			 the processes for line setting and line moving;
(7) Procedures to review the completeness,
			 accuracy, reliability, timeliness, and availability of any data feeds used to
			 offer or settle Sports Wagers;
(8)
			 Processes for submitting or receiving approval for Sports Wagering tournaments,
			 contests, or pools;
(9) Procedures
			 for issuance and acceptance of promotional gaming credits for Sports Wagering;
			 and
(10) Procedures to identify a
			 Wager or an attempt to Wager above any maximum Wager threshold set by the
			 Sports Wagering Operator that qualifies as unusual or suspicious
			 Wagering.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.31 - In-Game or In-Play Wagering

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures to assure
				and monitor the integrity of the in-game or in-play Wagering offering, the
				results handling and patron protection. Indicative areas for consideration in
				the procedure for results handling shall include, but not be limited to, time
				delays, sources of results, and reversal of results. The procedures shall also
				account for courtsiding prevention mechanisms including a delay in live
				pictures.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.33 - Prohibited Persons

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include commercially
				reasonable methods to prevent a prohibited person from placing a Sports
				Wager.
(1) For the purposes of
			 205
			 CMR 238.33, a prohibited person refers to:
(a) Any individual prohibited from Sports
			 Wagering pursuant to
			 205 CMR
			 152.00:
Individuals Excluded from a Gaming
			 Establishment
;
(b) Any
			 individual prohibited from Sports Wagering pursuant to
			 205 CMR
			 250.00:
Protection of Minors and Underage
			 Youth from Sports Wagering
;
(c) Any individual who is self-excluded from
			 Sports Wagering pursuant to
			 205 CMR
			 233.00:
Sports Wagering Voluntary
			 Self-exclusion
;
(d) Any
			 individual who is prohibited from or subject to limitations regarding Sports
			 Wagering pursuant to
			 205 CMR
			 254.00:
Temporary Prohibition from Sports
			 Wagering,
and regulations pertaining to play management and limit
			 setting;
(e) Any individual
			 Wagering while not in the authorized geographic boundaries within the
			 Commonwealth;
(f) Any individual
			 placing Sports Wagers as agents or proxies for others;
(g) Any restricted patron Wagering in
			 violation of their restrictions established in
			 205
			 CMR 238.32;
(h) Any individual Wagering in violation of
			 state, local or federal law; or
(i)
			 Other prohibited Persons as determined by the Commission.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.34 - Layoff Wagers

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures for a
				Sports Wagering Operator to accept layoff Wagers placed by other Sports
				Wagering Operators and place layoff Wagers with other Sports Wagering Operators
				for the purpose of offsetting patron Sports Wagers.
(1) The Sports Wagering Operator placing a
			 layoff Wager shall inform the Sports Wagering Operator accepting the Wager that
			 the Wager is being placed by a Sports Wagering Operator and shall disclose the
			 Operator's identity pursuant to M.G.L. c. 23N, § 13(c).
(2) The Sports Wagering Operator may decline
			 to accept a layoff Wager in its sole discretion.
(3) Layoff wagers shall be reported to the
			 Commission.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.35 - Cancelled or Voided Wagers

Current through Register 1525, July 5, 2024
For any transaction where a Sports Wagering Operator may cancel
				or void a Wager, with or without prior authorization of the Commission, the
				Sports Wagering Operator shall submit a system of Internal Controls in
				accordance with
				205
				CMR 238.02 for voiding Wagers and subsequent
				allocation of patron funds. Such system shall include, at a minimum, the
				following:
(1) Cancellation of an
			 otherwise validly placed Wager by a Sports Wagering Operator shall be
			 nondiscretionary. A Sports Wagering Operator shall cancel or void a Wager
			 without prior authorization of the Commission under the following
			 circumstances:
(a) Any Wager where after a
			 patron has placed a Sports Wager, the Sporting Event is cancelled, postponed or
			 rescheduled to a different date prior to completion of the Sporting Event;
1. In the case of a Wager on a portion of a
			 Sporting Event, that Wager shall be valid when the event is canceled,
			 postponed, or rescheduled if the outcome of the affected portion was determined
			 prior to the cancelation, postponement or rescheduling; or
2. A Sports Wagering Operator may establish a
			 timeframe in which an event may be rescheduled or postponed without canceling
			 the wager. This timeframe shall be tied to specific Sporting Events, subject to
			 the approval of the Commission, and documented in the system of Internal
			 Controls.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.36 - Accounting Controls for Sports Wagering Kiosks

Current through Register 1525, July 5, 2024
(1) A system of Internal Controls submitted
			 by a Sports Wagering Operator in accordance with
			 205
			 CMR 238.02 shall include provisions governing
			 a Sports Wagering Kiosk for the acceptance of Sports Wagers and redemption of
			 winning Sports Wagering tickets and vouchers that comports with
			 205 CMR
			 243.00:
Sports Wagering
			 Equipment
.
(2) The Sports
			 Wagering Operator shall ensure Sports Wagering Kiosks are configured to
			 prohibit the following:
(a) Issue or redeem a
			 Sports Wagering Voucher or payout with a value in excess of $10,000;
(b) Issue or redeem a Sports Wagering Voucher
			 or payout
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.37 - Sports Wagering Equipment

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures relative
				to Sports Wagering Equipment that include, at a minimum, provisions to ensure
				that all Sports Wagering Equipment comport with
				205 CMR
				243.00:
Sports Wagering Equipment.
Such procedures shall include the following:
(1) The location of the servers used for
			 Sports Wagering, including any third-party remote location servers, and what
			 controls will be in place to ensure security of the servers; and
(2) The procedures and security standards as
			 to receipt, handling, and storage of Sports Wagering Equipment, including
			 within a Sports Wagering Area, Sports Wagering Facility, or Gaming
			 Establishment.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.38 - Change Management

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include change management
				processes which detail evaluation procedures for identifying the criticality of
				updates to Sports Wagering Equipment and determining the updates that must be
				submitted to the approved independent testing laboratory for review and
				certification. The processes shall be subject to the provisions of
				205
				CMR 244.03:
Integration Requirements
				and Change Management
.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.39 - Sports Wagering Accounts

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include procedures relative
				to Sports Wagering Accounts that include, at a minimum, provisions to ensure
				that all Sports Wagering Accounts comport with
				205 CMR
				248.00:
Sports Wagering Account
				Management.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.40 - Test Accounts

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include the procedures for
				establishing test accounts to be used by the Operator and the Commission to
				test the various components and operation of Sports Wagering Equipment. Such
				procedures shall include, at a minimum:
(1) The procedures for issuing funds used for
			 testing, including the identification of who may issue the funds and the
			 maximum amount of funds that may be issued;
(2) The procedures for assigning each test
			 account for use by only one individual. However, a Sports Wagering Operator may
			 establish a specific scenario or instance of a test account that may be shared
			 by multiple users if each user's activities are separately logged;
(3) The maintenance of a record for all test
			 accounts, to include when they are active, to whom they are issued, and the
			 employer of the individual to whom they are issued;
(4) The procedures for auditing testing
			 activity by the Sports Wagering Operator to ensure the accountability of funds
			 used for testing and proper adjustments to gross Sports Wagering receipts;
			 and
(5) The procedures for
			 authorizing and auditing out-of-state test activity.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.41 - Sports Wagering Accounting Requirements

Current through Register 1525, July 5, 2024
The system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall include Sports Wagering
				accounting procedures designed to ensure that the Sports Wagering Operator's
				wagering activities are accurately and timely recorded and reported.
				Specifically, the policies and procedures shall comport with
				205
				CMR 243.01:
Standards for Sports
				Wagering Equipment
and must address:
(1) The procedures and security for the daily
			 calculation and recording of gross Sports Wagering receipts, Adjusted Gross
			 Sports Wagering Receipts and winnings.
(2) The policies and procedures in connection
			 with the internal audit department of its Sports Wagering Operations.
(3) The procedure for the recording of and
			 reconciliation of Sports Wagering transactions.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.42 - Commission Access to Sports Wagering Data

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall detail the controls to
				assure that all data the Commission requires to be maintained under M.G.L. c.
				23N or 205 CMR is appropriately segregated and controlled to prevent
				unauthorized access. Sports Wagering Operators must provide the Commission with
				access to all such data, upon request, within a time provided for by the
				Commission. A Sports Wagering Operator must retain such data for a minimum of
				five years.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.43 - Reports of Sports Wagering Operations

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall detail the Sports Wagering
				Operator's ability to maintain daily records and must be able to prepare
				reports supporting gross Sports Wagering receipts and Adjusted Gross Sports
				Wagering Receipts, wagering liability, payouts, and any other reports
				considered necessary by the Commission. The Sports Wagering Operator shall
				timely file with the Commission any additional reports required by M.G.L. c.
				23N or by any rule or regulation.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.44 - Data and Network Security Requirements

Current through Register 1525, July 5, 2024
(1) A
			 system of Internal Controls submitted by a Sports Wagering Operator in
			 accordance with
			 205
			 CMR 238.02 shall ensure compliance with all
			 applicable state and federal requirements for data and network security
			 including 205 CMR, M.G.L. c. 93H, M.G.L. c. 93I,
			 201 CMR
			 17.00:
Standards for the Protection of
			 Personal Information of Residents of the Commonwealth
, and any other
			 applicable law, regulation or order of a governmental body.
(2) Pursuant to M.G.L. c. 23N, §
			 11(a)(v), a Sports Wagering Operator shall employ commercially reasonable
			 methods to maintain the security of Wagering data, Confidential Information and
			 other Personally Identifiable Information from unauthorized access and
			 dissemination; provided, however, that nothing in M.G.L. c. 23N or 205 CMR
			 shall preclude the use of internet or cloud-based hosting of such data and
			 information or disclosure as required by court order, other law or M.G.L. c.
			 23N; and provided further, that such data and information shall be hosted in
			 the United States.
(3) Internal and
			 external network vulnerability scans shall be run at least quarterly and after
			 any significant change to the Sports Wagering Platform or network
			 infrastructure. Testing procedures must verify that four quarterly internal and
			 scans took place in the past 12 months and that re-scans occurred until all
			 "Medium Risk" (CVSS 4.0 or Higher) vulnerabilities were resolved or accepted
via
a formal risk acceptance program. Internal scans should be
			 performed from an authenticated scan perspective. External scans can be
			 performed from an uncredentialed perspective.
(a) The quarterly scans may be performed by
			 either a qualified employee of the Sports Wagering Operator or a qualified
			 independent technical expert selected by the Sports Wagering Operator and
			 subject to approval of the Commission in accordance with
			 205
			 CMR 243.01:
Standards for Sports
			 Wagering Equipment
.
(b)
			 Verification of scans must be submitted to the Commission on a quarterly basis
			 and must include a remediation plan and any risk mitigation plans for those
			 vulnerabilities not able to be resolved.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.46 - Reprints of Sports Wagering Tickets and Vouchers

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Operator in accordance with
				205
				CMR 238.02 shall detail procedures to reprint
				tickets or vouchers that fail to print at either a Ticket Writer Station or
				Sports Wagering Kiosk. Such procedures shall include a requirement of
				supervisory authorization for the reprint.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.47 - Validation and Payout of Sports Wagering Tickets and Vouchers

Current through Register 1525, July 5, 2024
A system of Internal Controls submitted by a Sports Wagering
				Licensee in accordance with
				205
				CMR 238.02 shall include the necessary
				controls in place for validation and payment of prizes and to prevent fraud
				related to unclaimed winning Sports Wagering tickets and vouchers.
(1)
Validation
			 Process
. The Sports Wagering Operator shall define and implement
			 procedures to ensure the validity of winning Sports Wagering tickets and
			 vouchers, and process payouts thereof.
(a) No
			 Sports Wagering ticket or voucher recorded or reported as previously paid,
			 canceled, or non-existent shall be deemed a valid ticket or voucher by the
			 Sports Wagering Operator. The Sports Wagering Operator may withhold payment and
			 refuse to cash any Sports Wagering ticket or voucher deemed not
			 valid.
(b) The Sports Wagering
			 Operator shall not satisfy claims on lost, mutilated, or altered Sports
			 Wagering tickets without authorization of the Commission.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.48 - Expiration of Sports Wagering Tickets and Vouchers; Payment to the Sports Wagering Control Fund

Current through Register 1525, July 5, 2024
(1) The system of
			 Internal Controls submitted by a Sports Wagering Operator in accordance with
			 205
			 CMR 238.02 shall include provisions governing
			 the expiration of winning Sports Wagering tickets and vouchers that provide, at
			 a minimum, that:
(a) Any money that is owed to
			 a patron by a Sports Wagering Operator as a result of a winning Sports Wagering
			 ticket or voucher must be claimed within one year of the date of the Sporting
			 Event for which the Wager was won or the obligation of the Sports Wagering
			 Operator to pay the patron will expire. Upon expiration of the obligation, the
			 involved funds must be transferred to the Sports Wagering Control Fund in
			 accordance with M.G.L. c. 23N, § 13(h). In calculating the one year period
			 referenced in
			 205
			 CMR 238.48(l)(a)  and in
			 M.G.L. c. 23N, § 13(h), any period of time for which the Gaming
			 Establishment or Sports Wagering facility was not in operation shall be
			 excluded; and
(b) A Sports Wagering
			 Operator shall maintain a record of all unclaimed winning Sports Wagering
			 tickets and vouchers that have expired.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.49 - Entertainment, Filming or Photography within the Sports Wagering Area or Sports Wagering Facility

Current through Register 1525, July 5, 2024
Any entertainment, filming or photography within the Sports
				Wagering Area of the Gaming Establishment or Sports Wagering Facility shall not
				disrupt or interfere with the:
(1)
			 Efficient operations of Sports Wagering;
(2) The security of the Gaming Establishment
			 or any portion thereof;
(3)
			 Surveillance operations; or
(4) The
			 security or integrity of Sports Wagering Operations or any authorized Sports
			 Wagering.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 238.00 - Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering › Section 238.50 - Policies and Procedures for Ensuring a Workplace Free from Unlawful Discrimination, Harassment and Retaliation

Current through Register 1525, July 5, 2024
The Sports Wagering Operator, as well as their submitted system
				of Internal Controls, shall comply with
				205
				CMR 138.72:
Policies and Procedures
				for Ensuring a Workplace Free from Unlawful Discrimination, Harassment and
				Retaliation.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 239.00 - Continuing Disclosure and Reporting Obligations of Sports Wagering Licensees › Section 239.01 - Access to and Maintenance and Production of Operator Records

Current through Register 1525, July 5, 2024
(1) The Commission shall have access to, and
			 may inspect, the premises of a Category 1 Sports Wagering License or Category 2
			 Sports Wagering License Operator.
(2) An Operator shall maintain complete,
			 accurate, and legible records of all transactions pertaining to the revenues
			 and costs associated with its Sports Wagering operation, including those
			 required in accordance with 205 CMR. General accounting records shall be
			 maintained on a double entry system of accounting with transactions recorded on
			 the accrual basis. Detailed, supporting, subsidiary records sufficient to meet
			 the requirements of 205 CMR shall also be maintained.
(3) The Commission may request the production
			 of records of an Operator in accordance with the provisions of
			 205 CMR
			 142.00:
Regulatory Monitoring and
			 Inspections
and
			 205 CMR
			 241.00:
Surveillance and
			 Monitoring
.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 239.00 - Continuing Disclosure and Reporting Obligations of Sports Wagering Licensees › Section 239.04 - Reports and Information to Be Compiled and Maintained by the Operator

Current through Register 1525, July 5, 2024
The following reports and information shall be compiled and
				maintained by the Operator, or where applicable the Operator's holding company,
				intermediary company, qualifying subsidiary, or entity qualifier thereof, in
				the manner provided as follows or as required by the governing body responsible
				for the oversight of the subject information, and shall be made available and
				provided upon request by the Commission, or its designee:
(1) Up to date records regarding the business
			 structure, capital structure, and controlling interest of the Operator, where
			 applicable, and the Operator's holding company, intermediary company,
			 qualifying subsidiary, or entity qualifier thereof including, at a minimum:
(a) Certified copies of incorporation and
			 formation documents and any amendments thereto;
(b) By-laws, shareholders agreements,
			 governing and/or operating agreements or documents, partnership agreement,
			 intercompany transactions, joint venture agreements, merger and acquisition
			 agreements, and other relevant corporate documents;
(c) Current listing of officers, directors,
			 members, partners;
(d) Minutes of
			 all meetings of shareholders;
(e)
			 Detailed records regarding all record and beneficial owners of any class of
			 non-publicly traded securities, including both equity and debt securities,
			 issued by the Operator, its holding company, intermediary company, qualifying
			 subsidiary or entity qualifier thereof, including the names and addresses of
			 record and beneficial owners of such equity or debt securities, date(s)
			 acquired and the number of equity securities held or face amount of debt
			 securities held, as applicable;
(f)
			 Detailed records regarding all record and beneficial owners of 5% or more of
			 any class of publicly traded securities, including both equity and debt
			 securities, issued by the Operator, its holding company, intermediary company,
			 qualifying subsidiary or entity qualifier thereof, including the names and
			 addresses of record and beneficial owners of such equity or debt securities
			 held in street name or other name, date(s) acquired and the number of equity
			 securities held or face amount of debt securities held, as
			 applicable;
(g) Detailed records
			 regarding distributions to equity holders holding 5% or more of the
			 entity;
(h) Detailed records
			 regarding all remuneration paid to officers, directors, partners and
			 members;
(i) (for the Operator
			 only) Detailed records regarding all capital contributions;
(j) (for the Operator only) Detailed records
			 regarding any equity transfers;
(k)
			 Essential details of any debt obligations including loans, covenants,
			 borrowings, installment contracts, guarantees, leases, or any other debt;
			 and
(l) Any other records as the
			 Commission deems appropriate.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 239.00 - Continuing Disclosure and Reporting Obligations of Sports Wagering Licensees › Section 239.05 - Quarterly Reports

Current through Register 1525, July 5, 2024
(1) On a quarterly
			 basis, the Operator shall create and file with the Commission a report that
			 provides a continuing view of the Operator's financial position including key
			 performance measures, and narrative commentary on operating results. The
			 quarterly report shall be attested to by any two of the following: the Chief
			 Executive Officer, Chief Financial Officer, Treasurer, Financial Director,
			 Controller, or their functional equivalent.
(2) The quarterly report required in
			 accordance with
			 205
			 CMR 239.05(1)  shall be
			 accompanied by a statement attested to by the Operator's Chief Financial
			 Officer, or their functional equivalent, that the Operator satisfies the
			 following:
(a) It has maintained for the
			 previous quarter, and has the ability to maintain for the upcoming quarter, a
			 gaming bankroll or equivalent provisions adequate to pay winning wagers to
			 Sports Wagering patrons when due.
(b) It has paid in the previous quarter and
			 has the ability to pay when due all local, state and federal taxes, including
			 the tax on Adjusted Sports Wagering Receipts imposed and any fees imposed under
			 M.G.L. c. 23N or 205 CMR.
(c) It
			 has the ability to pay, exchange, refinance or extend debts, including
			 long-term and short-term principal and interest and capital lease obligations,
			 which will mature or otherwise come due and payable during the license term, or
			 to otherwise manage such debts and any default with respect to such
			 debts.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 239.00 - Continuing Disclosure and Reporting Obligations of Sports Wagering Licensees › Section 239.07 - Audit of Operator Operations by Commission

Current through Register 1525, July 5, 2024
The Commission shall audit on an annual basis, and at other
				times the Commission, or the Bureau, determines necessary the accounts,
				programs, activities, and functions of an Operator or any aspect of Sports
				Wagering Operation and compliance with any provision of the Operator's system
				of internal controls. To conduct the audit, authorized officers and employees
				of the Commission shall be given access by the Operator to such accounts at
				reasonable times and may require the production of books, documents, vouchers
				and other records relating to any matter within the scope of the audit;
				provided however, that an Operator's tax returns will not be audited by the
				Commission. All audits shall be conducted in accordance with generally accepted
				auditing standards established by the American Institute of Certified Public
				Accountants and the standards established by the Public Company Accounting
				Oversight Board. In any audit report of the accounts, funds, programs,
				activities and functions of an Operator issued by the Commission containing
				adverse or critical audit results, the Commission may require a response, in
				writing, to the audit results. Such a response shall be forwarded to the
				Commission within 15 days of notification by the Commission. Where possible,
				efforts will be made not to audit areas that were the subject of, and
				satisfactorily addressed by, the annual audit required in accordance with
				205
				CMR 239.06.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 240.00 - Adjusted Gross Sports Wagering and Adjusted Gross Fantasy Wagering Receipts Tax Remittance and Reporting › Section 240.01 - Description of Tax

Current through Register 1525, July 5, 2024
Pursuant to M.G.L. c. 23N, § 14, the following excise
				taxes relative to sports wagering and fantasy contests shall be calculated
				daily and remitted to the Commission on a monthly basis:
(1) a monthly tax of 15% of the Operator's
			 Adjusted Gross Sports W agering Receipts from the operation of in-person sports
			 wagering, computed in accordance with
			 205
			 CMR 240.02;
(2) a monthly tax of 20% of the Operator's
			 Adjusted Gross Sports W agering Receipts from the operation of sports wagering
			 through mobile applications and other digital platforms approved by the
			 Commission, computed in accordance with
			 205
			 CMR 240.02; and
(3) a monthly tax of 15% of the Adjusted
			 Gross Fantasy Wagering Receipts of a person or entity that offers fantasy
			 contests pursuant to M.G.L. c. 12, § 11MU and
			 940 CMR
			 34.00:
Daily Fantasy Sports Contest Operators
			 in Massachusetts
, computed in accordance with
			 205
			 CMR 240.02. Any person engaged in offering
			 fantasy contests shall register with the Commission on a form approved and
			 prescribed by the Commission. Failure to comply with M.G.L. c. 23N or
			 205 CMR
			 240.00 may result in civil consequences.
Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 240.00 - Adjusted Gross Sports Wagering and Adjusted Gross Fantasy Wagering Receipts Tax Remittance and Reporting › Section 240.02 - Computation of Adjusted Gross Sports Wagering and Adjusted Gross Fantasy Wagering Receipts

Current through Register 1525, July 5, 2024
(1)
Sports Wagering
: In accordance with M.G.L. c. 23N,
			 § 3, Adjusted Gross Sports Wagering Receipts shall be the total gross
			 receipts from sports wagering less the sum of:
(i) the total of all winnings paid to
			 participants; and
(ii) all excise
			 taxes paid pursuant to federal law; provided, however, that the total of all
			 winnings paid to participants shall not include the cash equivalent of any
			 merchandise or thing of value awarded as a prize.
(a) Adjusted Gross Sports Wagering Receipts
			 shall be calculated daily and in accordance with the Operator's approved system
			 of internal controls.
(b) Any
			 amount that an Operator is unable to collect pursuant to any credit issued to a
			 patron to take part in sports wagering in accordance with 205 CMR,
et
			 seq.
shall be deemed an amount actually received for purposes of
			 calculating gross sports wagering receipts.
(c) Adjusted Gross Sports Wagering Receipts
			 shall not include any amount received by an Operator from credit extended or
			 collected by the Operator for purposes other than sports wagering.
(d) The accrual method of accounting shall be
			 used for the purposes of calculating the amount of the tax owed.