Wyoming Administrative Code › Agency 038 - Wyoming Gaming Commission › Sub-Agency 0002 - Online Sports Wagering › Chapter 1 - General Provisions › Section 1-1 - Definitions

Current through July 13, 2024
In applying the rules and all amendments, the following
				  definitions, constructions, and interpretations shall apply, except where
				  otherwise indicated in the rules:
(a)
				"Affiliate" means a person that, directly or indirectly, through one (1) or
				more intermediaries, controls or is controlled by a sports wagering
				operator.
(b) "Applicant" means a
				person that applies for a permit.
(c) "Card" means the list of sporting events
				from which a patron can make selections for a given pool.
(d) "Cash equivalent" has the meaning
				provided in W.S. § 9-24-101(a)(i).
(e) "Director" has the meaning provided in
				W.S. § 9-24-101(a)(iii).
(f)
				"Event category" means a specific type of athletic event or other event
				governed by a specific sports governing body or other oversight body (for
				example, professional basketball governed by the National Basketball
				Association).
(g) "Event integrity
				monitoring" means the monitoring of sports wagering to identify unusual or
				suspicious wagering activities from a match-fixing and sporting corruption
				standpoint to then report such activities to required parties.
(h) "Exchange wagering" means a form of
				wagering in which two (2) or more persons place identically opposing wagers in
				a given market, allowing patrons to wager on both winning and non-winning
				outcomes in the same event.
(i)
				"Fantasy sports contest" has the meaning provided in W.S. §
				9-24-101(a)(iv).
(j) "Geolocation
				system" means a process to reasonably detect the geolocation of a patron when
				said patron is attempting to access the system and place a wager.
(k) "Indian lands" has the meaning provided
				in the Indian Gaming Regulatory Act of 1988,
				25
				USC §
										2703(4).
(l) "In-game wagering" means placing an
				online sports wager after an athletic event has started.
(m) "Independent integrity monitoring
				provider" means an independent person who is registered with the Commission and
				who receives reports of unusual wagering activity from the Commission, a sports
				wagering operator, or a sports wagering vendor for the purpose of assisting in
				identifying suspicious wagering activity.
(n) "Institutional investor" means a person
				that is any of the following:
(i) A retirement
				fund administered by a public agency for the exclusive benefit of federal,
				state, or local public employees;
(ii) An employee benefit plan or pension fund
				that is subject to the Employee Retirement Income Security Act of 1974, Public
				Law 93-406;
(iii) An investment
				company registered under the Investment Company Act of 1940,
				15 USC
				80a-1 to
				80a-64;
(iv) A collective investment trust organized
				by a bank under 12 CFR part 9;
(v)
				A closed-end investment trust;
(vi)
				A chartered or licensed life insurance company or property and casualty
				insurance company;
(vii) A
				chartered or licensed financial institution; or
(viii) An investment advisor registered under
				the Investment Adviser's Act of 1940,
				15 USC
				§§
											80b-1 to
				80b-21.