(a)As used in this chapter:
(i)"Cash equivalent" means an asset that is
convertible to cash and approved for use in connection with
online sports wagering. Approved cash equivalents include:
(B)Foreign currency and coin;
(C)Certified checks, cashier's checks and money
orders;
(D)Personal checks and drafts;
(E)Digital, crypto and virtual currencies;
(F)Online and mobile payment systems that
support online money transfers;
(G)Credit cards and debit cards;
(H)Prepaid access instruments;
(J)Any other form of asset that is convertible
to cash approved by commission rules.
(ii)"Commission" means the Wyoming gaming
commission;
(iii)"Director" means the executive director of the
commission;
(iv)"Fantasy sports contest" means a simulated game
or contest with an en
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(a) As used in this chapter:
(i) "Cash equivalent" means an asset that is
convertible to cash and approved for use in connection with
online sports wagering. Approved cash equivalents include:
(A) Travelers checks;
(B) Foreign currency and coin;
(C) Certified checks, cashier's checks and money
orders;
(D) Personal checks and drafts;
(E) Digital, crypto and virtual currencies;
(F) Online and mobile payment systems that
support online money transfers;
(G) Credit cards and debit cards;
(H) Prepaid access instruments;
(J) Any other form of asset that is convertible
to cash approved by commission rules.
(ii) "Commission" means the Wyoming gaming
commission;
(iii) "Director" means the executive director of the
commission;
(iv) "Fantasy sports contest" means a simulated game
or contest with an entry fee that meets all of the following
conditions:
(A) No fantasy sports contest team is composed
entirely of individual contestants who are members of the same
real world sports team;
(B) Each prize and award or the value of all
prizes and awards offered to winning fantasy sports contest
players is made known to the fantasy sports contest players in
advance of the fantasy sports contest;
(C) Each winning outcome reflects the relative
knowledge and skill of the fantasy sports contest players and is
determined by the aggregated statistical results of the
performance of multiple individual contestants who each fantasy
sports contest player has selected to form that player's fantasy
sports contest team. The individual performances of the
individual contestants in the fantasy sports contest directly
correspond with the actual performances of those contestants in
a real world sporting event in which those individuals
participated;
(D) A winning outcome is not based on the
performance of a single real world sports team, any combination
of real world sports teams or a single contestant in a real
world sporting event, nor is it based on the score or point
spread of one (1) or more real world sporting events;
(E) The fantasy sports contest does not
constitute or involve a slot machine or a fixed, commercial
electrical gaming device.
(v) "Fantasy sports contest player" means a person
who engages in selecting individual contestants to comprise a
team for a fantasy sports contest;
(vi) "Online sports wagering" means engaging in
sports wagering conducted by a sports wagering operator through
a sports wagering account over the internet by use of a
computer, digital platform or mobile application on a mobile
device, any of which uses communications technology to accept
sports wagers or any system or method of electronic sports
wagering approved by commission rules. "Online sports wagering"
shall not include or be conducted from any physical location
created by a sports wagering operator or vendor for a patron to
physically visit to place a wager;
(vii) "Online sports wagering revenue" means the
total of all wagers placed by patrons with an online sports
wagering operator, excluding the actual dollar value of free
wagers and promotional play provided, minus all payments to
patrons and minus any applicable federal excise taxes. Payments
to patrons include all payments of cash, cash equivalents,
merchandise and any other thing of value;
(viii) "Patron" means a person who places an online
sports wagering wager;
(ix) "Prohibited sports wager" means:
(A) A wager involving any sporting event or
other event where the majority of contestants or athletes in the
sporting event are under the age of eighteen (18) years;
(B) Any wagering category not authorized by law
or commission rules adopted in compliance with law.
(x) "Qualified gaming entity" means a gaming entity
that offers online sports wagering through computers, digital
platforms or mobile applications in not less than three (3)
jurisdictions in the United States pursuant to a state
regulatory structure;
(xi) "Sporting event" means any professional sports
event or athletic event, any Olympic or international sports
event or athletic event, any amateur sports event or athletic
event, any collegiate sports event or athletic event, electronic
sports, or any portion thereof, including the individual
performance statistics of contestants or athletes in sports
events, athletic events or a combination of sports and athletic
events, or any other event approved by commission rules;
(xii) "Sports wagering" means the business of
accepting wagers from patrons on sporting events through online
sports wagering. "Sports wagering" wagers include single game
bets, teaser bets, parlays, over-under, moneyline, pools,
exchange wagering, in-game wagering, in-play bets, proposition
bets and straight bets. "Sports wagering" shall not include any
of the following:
(A) Activities other than online sports wagering
that are exempted from criminal penalties under W.S. 6-7-101
through 6-7-104;
(B) Activities outside of this chapter
authorized or regulated by the commission;
(C) Lotteries authorized by law;
(D) Fantasy sports contests;
(E) Prohibited sports wagers.
(xiii) "Sports wagering account" means a financial
record established by a sports wagering operator for an
individual patron into which the patron may deposit and from
which the patron may withdraw funds for sports wagering and
other purchases, and into which the sports wagering operator may
credit winnings or other amounts due to that patron or
authorized by that patron. In compliance with any other
applicable law, a sports wagering account may be established
electronically through an approved mobile application or digital
platform;
(xiv) "Sports wagering operator" means any qualified
gaming entity authorized by the commission to accept online
sports wagers;
(xv) "Sports wagering vendor" means a vendor that
provides services to a sports wagering operator that the sports
wagering operator uses to accept online sports wagers, including
geolocation services, know your customer services, payment
processors, server host providers, integrity monitoring
services, cyber security services and data providers;
(xvi) "Critical component" means any part or
component of a mobile application or digital platform that:
(A) Records, stores, processes, shares,
transmits or receives sensitive information, including
validation numbers and personal identification numbers; or
(B) Stores the results or the current status of
a patron's wager with an online sports wagering operator.
(xvii) "Key personnel" means any person employed in
an executive or supervisory capacity by a license holder, permit
holder or applicant and who is authorized to make discretionary
decisions that exhibit influence or control over gaming
operations.