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7880.0060 CONDUCT OF WAGERING.

Subpart 1.

Acceptance of wagers.

An advance deposit wagering provider may accept wagers via any wired or wireless communications device, subject to applicable laws or rules and the approved plan of operation.

Subp. 2.

No extension of credit.

An advance deposit wagering provider shall not accept wagers from an account holder in excess of the account balance. No credit shall be extended by an advance deposit wagering provider to an account holder.

Subp. 3.

Refusal.

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

Subp. 4.

Information of account holders.

No employee of an advance deposit wagering provider shall use or divulge any information related to the placing of any wager or the operation of any account except as reasonably necessary in the course and scope of the employee's employment with the advance deposit wagering provider or as authorized by the account holder.

Statutory Authority:

MS s 14.389; 240.131

History:

41 SR 809

Published Electronically:

January 5, 2017

Official Publication of the State of Minnesota
Revisor of Statutes