Minnesota Administrative Rules

7880.0040 ESTABLISHMENT OF ACCOUNTS.

Subpart 1.

Requirement.

An individual customer of an advance deposit wagering provider must establish an account prior to placing an advance deposit wager. An account may only be established with a licensed advance deposit wagering provider.

Subp. 2.

Natural persons.

Accounts shall only be established by natural persons and shall not be transferable between persons.

Subp. 3.

Procedure.

To establish an account, an application must be electronically signed or otherwise expressly authorized by the applicant and must contain the following information:

A.

the applicant's full legal name;

B.

the applicant's primary residence address;

C.

the applicant's telephone number;

D.

proper identification or certification demonstrating that the applicant is at least 18 years old; and

E.

any other information the commission determines is necessary to carry out its duties under applicable laws and rules.

Subp. 4.

Applicant and account holder information.

An advance deposit wagering provider may not sell or share an applicant or account holder's information, or use an applicant or account holder's information for any purpose not related to authorized advance deposit wagering, except as authorized by the applicant or account holder.

Subp. 5.

Verification of information.

Each application for an account shall be verified with respect to name, primary residence address, and date of birth either by an independent service provider or another means adequate to ensure the accuracy of the information. If the applicant's information cannot be reliably verified, the account shall not be established.

Subp. 6.

Notice to applicants.

An advance deposit wagering provider must provide the following information to each applicant when an account is established:

A.

the process for funding accounts and making withdrawals from accounts;

B.

wagering rules and procedures, methods, and timing of crediting and debiting accounts, and other information that is pertinent to the operation of the account;

C.

notice that the account holder may place wagers only on races authorized for pari-mutuel wagering under Minnesota Statutes, chapter 240;

D.

a unique account number;

E.

notice that an account holder must be at least 18 years old and that individuals under the age of 18 shall not have access to the account;

F.

information on responsible wagering and how to obtain assistance with problem gambling, including the contact information for at least one problem gambling assistance program; and

G.

procedures for resolving disputes between the account holder and the advance deposit wagering provider.

Subp. 7.

Personal identification code.

An account holder shall be required to supply a secure unique personal identification code when establishing an account. The account holder must be required to supply the code when making deposits or withdrawals from the account and when placing a wager. The account holder has the right to change the code at any time.

Subp. 8.

Denial of accounts.

Nothing in this chapter prohibits an advance deposit wagering provider from refusing to open an account for reasonable business reasons.

Statutory Authority:

MS s 14.389; 240.131

History:

41 SR 809

Published Electronically:

January 5, 2017