Code of Virginia § 58.1-4044. Required direct notification to the Department and to sports governing bodies.
206 words·~1 min read·
/va/title-58-1/chapter-40/58-1-4044·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A permit holder shall, as soon as is commercially reasonable, report to the Department any information relating to:
1. Criminal or disciplinary proceedings commenced against the permit holder in connection with its operations in the Commonwealth or in any other jurisdiction;
2. Abnormal betting activity or patterns that may indicate a risk to the integrity of a bet or wager;
3. Any potential breach of a sports governing body's rules and codes of conduct pertaining to sports betting, to the extent that such rules and codes of conduct are provided to and known by the permit holder;
4. Any conduct that may alter the outcome of an athletic event for purposes of financial gain, including match fixing; and
5. Suspicious or illegal wagering activities, including using funds derived from illegal activity to place bets, using bets to conceal or launder funds derived from illegal activity, using agents to place bets, and using false identification to place bets.
B. A permit holder shall, as soon as is commercially practicable, report the information described in subdivisions A 2, 3, and 4 to any sports governing body that may be affected by the activities described in subdivisions A 2, 3, and 4.
2020, cc. 1218 , 1256 .