Sec. 11. The commission shall adopt rules under IC 4-22-2, including emergency rules adopted in the manner provided in IC 4-22-2-37.1, to implement this chapter. Rules adopted under this section may include rules that prescribe:

(1) procedures for verifying the age of an individual opening an advance deposit wagering account or placing a wager with a licensed SPMO;

Terms Used In Indiana Code 4-31-7.5-11

  • advance deposit wagering: means a system of pari-mutuel wagering in which wagers of an account holder are debited and payouts are credited to an account established by the account holder, regardless of whether the wagers are made in person, by telephone, or through communication by other electronic means. See Indiana Code 4-31-7.5-3
  • advance deposit wagering account: means an account for advance deposit wagering held by a licensed SPMO. See Indiana Code 4-31-7.5-4
  • licensed SPMO: means a secondary pari-mutuel organization licensed under this chapter. See Indiana Code 4-31-7.5-6
(2) requirements for opening and administering advance deposit wagering accounts;

(3) a guarantee or acceptable surety that the full value of balances in an advance deposit wagering account will be paid;

(4) record keeping requirements;

(5) licensure procedures, including investigation of applicants, forms for licensure, and procedures for renewal; and

(6) civil penalties for violations of this chapter or the rules adopted by the commission.

As added by P.L.268-2017, SEC.12.

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