Oregon Statutes 462.310 – Exchange wagering accounts
Current as of: 2023 | Check for updates
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(1) A person may not open an exchange wagering account or place an exchange wager except in accordance with federal law, ORS § 462.301 to 462.340 and the rules adopted pursuant to ORS § 462.301 to 462.340.
Terms Used In Oregon Statutes 462.310
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Licensee: means a person, partnership, corporation, political subdivision, municipal corporation or any other body holding a license under this chapter. See Oregon Statutes 462.010
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) Only a person with a valid exchange wagering account may place wagers through an exchange.
(3) To establish an exchange wagering account, a person must be:
(a) At least 18 years of age; and
(b) A resident of this state or of another jurisdiction in which the placement of exchange wagers is allowed under federal law or the law of that jurisdiction.
(4) An exchange wagering account may be established with an exchange wagering licensee in person, by telephone, by mail or through electronic means. [2019 c.313 § 5]