New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 74C - EXCHANGE WAGERING › Subchapter 4 - STANDARDS FOR EXCHANGE WAGERING SYSTEM › Section 13:74C-4.3 - Restrictions on placing and accepting exchange wagers

Current through Register Vol. 56, No. 14, July 15, 2024
(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.