Virginia Administrative Code › Title 11 - GAMING › Agency 5 - VIRGINIA LOTTERY BOARD › Chapter 70 - SPORTS BETTING › Section 11VAC5-70-230 - Investigations; reporting

Current through Register Vol. 40, No. 24, July 15, 2024
A. For
				the purposes of this section, "regulated entity" means a person or individual
				who is a permit holder, license holder, or registrant.
B. A regulated entity shall cooperate in good
				faith with an investigation conducted by the director, a sports governing body,
				or a law-enforcement agency.
C. A
				regulated entity shall provide or facilitate provision of account-level betting
				information and data files relating to individuals placing wagers and any other
				information necessary for investigations conducted by the director, a sports
				governing body, or a law-enforcement agency.
D. During normal business hours, the director
				may enter the premises of any facility of a regulated entity that is utilized
				by the regulated entity to conduct or to assist in the conducting of sports
				betting operations in the Commonwealth of Virginia for the purpose of
				inspecting equipment, books, and records kept as required by the sports betting
				law or this chapter to ensure that the regulated entity is in compliance with
				the sports betting law and this chapter, or to make any other inspection as
				necessary to enforce the sports betting law or this chapter. Failure to admit
				the director or department staff after presentation of credentials shall be
				grounds for the imposition of sanctions.
E. The director, department staff, and
				representatives of any law-enforcement agency with jurisdiction may demand
				access to inspect the business records of any regulated entity without the
				requirement of obtaining a subpoena. Failure to provide access to the director
				or department staff after presentation of credentials shall be grounds for the
				imposition of sanctions.
F. A
				regulated entity shall maintain all records relating to the conduct of its
				sports betting operations in the Commonwealth of Virginia for a period of at
				least five years.
G. The director
				may investigate the possibility of any of the following activities:
1. Acceptance of a prohibited wager;
2. Transmission of material
				nonpublic information for the purpose of wagering on a sporting event or to
				influence a wager;
3. Abnormal
				betting activity, unusual wagering activity, suspicious wagering activity, or
				patterns that may indicate concerns about the integrity of a sporting
				event;
4. Violations of the
				Virginia Comprehensive Money Laundering Act (§
										18.2-246.1 et seq. of the
				Code of Virginia) or federal law prohibiting money laundering;
5. Criminal, civil, administrative, or
				disciplinary proceedings or nonroutine government or law enforcement
				investigations against the regulated entity;
6. Offering or extending credit to a player;
7. Directly targeting sports
				betting advertisements or promotions to minors;
8. Offering or accepting a wager on sporting
				events not approved by the director, including high school and youth league
				sports events;
9. Offering or
				accepting any wager prohibited by the sports betting law or this chapter;
10. Engaging in or facilitating
				illegal or suspicious wagering activity;
11. Any complaints of illegal activity; or
12. Any other complaint, activity,
				or conduct that may affect the integrity of sports betting in the Commonwealth
				of Virginia.