Michigan Laws 432.410 – Rules
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Terms Used In Michigan Laws 432.410
- Authorized participant: means an individual who has a valid internet sports betting account with a sports betting operator and is at least 21 years of age. See Michigan Laws 432.403
- Board: means the Michigan gaming control board created under section 4 of the Michigan Gaming Control and Revenue Act, 1996 IL 1, MCL 432. See Michigan Laws 432.403
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- Fund: means the internet sports betting fund created under section 16. See Michigan Laws 432.403
- in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
- Internet: means the international computer network of interoperable packet-switched data networks, inclusive of additional technological platforms, such as mobile, satellite, and other electronic distribution channels. See Michigan Laws 432.403
- Internet sports betting: means operating, conducting, or offering for play sports betting through the internet. See Michigan Laws 432.403
- Internet sports betting account: means an electronic ledger in which all of the following types of transactions relative to an authorized participant are recorded:
(i) Deposits and credits. See Michigan Laws 432.403Sports betting: means to operate, conduct, or offer for play wagering conducted under this act on athletic events and other events approved by the board. See Michigan Laws 432.403 Sports governing body: means an organization that prescribes final rules and enforces codes of conduct for an athletic event and the participants in the athletic event. See Michigan Laws 432.403 Vendor: means a person that is not licensed under this act that supplies any goods or services to a sports betting operator or sports betting supplier. See Michigan Laws 432.403
(1) The board shall promulgate the rules pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. The rules may include anything necessary and proper to govern internet sports betting, including, but not limited to, all of the following:
(a) The acceptance of internet sports betting wagers.
(b) The development and posting of house rules regarding internet sports betting.
(c) The method of reporting to be used by licensees.
(d) The types of records that must be kept.
(e) The ways in which an authorized participant may fund his or her internet sports betting account, that must include, at a minimum, the use of cash, cash equivalents, automated clearing house, debit cards, credit cards, and any other form of payment authorized by the board. As used in this subdivision, “automated clearing house” means a national or governmental organization that has authority to process electronic payments, including, but not limited to, the National Automated Clearing House Association and the Federal Reserve System.
(f) Protections for authorized participants placing internet sports betting wagers.
(g) The qualifications, standards, and procedures for approval and licensure by the board for sports betting operators and sports betting suppliers consistent with this act.
(h) Requirements to ensure responsible gaming.
(i) Technical and financial standards for internet sports betting platforms.
(j) Procedures for a contested case hearing under this act consistent with the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328.
(k) Requirements for occupational licensing for vendors.
(l) Requirements for vendors and vendor registration.
(2) The board may audit and inspect books and records relating to internet sports betting operations, internet sports betting wagers, internet sports betting accounts, or internet sports betting platforms, including, but not limited to, the books and records regarding financing and accounting materials held by, or in the custody of, a licensee.
(3) Subject to the procedures under subsection (4), the board may use information received from a sports governing body to determine whether to allow either of the following:
(a) Internet sports betting wagering on a particular event.
(b) Authorized participants to make internet sports betting wagers of a particular type.
(4) If a sports governing body requests internet sports betting wagering information or requests the board to prohibit internet sports betting wagering on a particular event or making internet sports betting wagers of a particular type, the board shall notify, in writing, all sports betting operators, which must be allowed to respond to the sports governing body’s request, in writing, in the time prescribed by the board. After reviewing the request, any response, and any other information available to the board, the board may grant the request or part of the request if it determines that it is necessary to protect the integrity of the event or public confidence in the integrity of the event on which the internet sports betting wagers are being placed.