462.313 Exchange wagering license; rules
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462.313 Exchange wagering license; rules.
(1)The Oregon Racing Commission may issue an exchange wagering license to an applicant that meets the requirements of this section and the rules adopted by the commission pursuant to this section.
(2)An applicant shall submit an application in a form and manner determined by the commission by rule and shall include information about the applicant’s security policies and safeguards designed to ensure player protection and integrity, including but not limited to provisions regarding:
(a)The acceptance of electronic applications for the establishment of exchange wagering accounts;
(b)Verification of location and age of applicants for the establishment of exchange wagering accounts;
(c)The use of identifying factors to ensure security of individual exchange wagering accounts; and
(d)The requirements for the management of moneys in exchange wagering accounts.
(3)An applicant may be located inside this state or in another jurisdiction. [2019 c.313 §6]