§ 9-24-102 — Online sports wagering regulation; rulemaking

(a) The commission shall regulate online sports wagering
and sports wagering operators and vendors.
(b) The commission shall promulgate rules to implement
this chapter. The rules the commission promulgates shall
establish standards and procedures for online sports wagering
and associated sports wagering systems. The rules shall include:
(i) Governance of the conduct of online sports
wagering and the system of wagering associated with online
sports wagering, including all of the following:
(A) Terms and conditions for online sports
wagering that are compliant with all applicable federal laws;
(B) Identification of the sporting events upon
which online sports wagers may be accepted and methods of play;
(C) The manner in which online sports wagers are
received and payoffs are remitted;
(D) Procedures for managing and resolving
suspected cheating, sports wagering irregularities and
complaints;
(E) A requirement that for a patron to make a
lawful wager the patron must be physically present in the state
when making the wager unless otherwise authorized by the
commission;
(F) A requirement for each sports wagering
operator to use a geolocation system to ensure that a patron
making an online sports wager is physically present in the state
when making the wager unless otherwise authorized by the
commission;
(G) Internal controls for all aspects of online
sports wagering, including procedures for system integrity,
system security, operations and accounting;
(H) Operational controls for online gaming
accounts;
(J) Procedures to ensure that sports wagering
operators do not offer prohibited sports wagers.
(ii) Establishing the method for calculating online
sports wagering revenue and standards for the counting and
recording of cash and cash equivalents received in the conduct
of online sports wagering, to include methods for ensuring that
internal controls are followed, financial records are maintained
and audits are conducted;
(iii) Reasonable minimum qualifications for sports
wagering operators;
(iv) Any other matters necessary for overseeing
online sports wagering and sports wagering operators and
vendors.
(c) In promulgating rules pursuant to this section, the
commission shall examine the regulations implemented in other
states where online sports wagering is conducted and shall, as
far as practicable, adopt a similar regulatory framework to
maximize revenue generated for the state.