Mich. Admin. Code R. 431.5010 - Licensure of Third Party Facilitators (TPF)
Rule 5010.
(1) A
provider of an account wagering center or systems must be licensed by the
executive director as a TPF.
(2) A
TPF may apply for a license to operate an account wagering system whereby
wagers are debited and payouts are credited to an account held by a TPF on
behalf of a person.
(3) A person
applying for a TPF's license and a person required to be qualified as part of
the application must complete and submit the application and disclosure forms
in the manner and form prescribed by the executive director.
(4) The following nonrefundable TPF license
application fees must be submitted to the executive director, together with the
required application form or forms:
(a) TPF
license: $1,000.00.
(b) Renewal TPF
License: $500.00.
(5)
The license or renewal application fee must be used by the executive director
to conduct an appropriate background investigation of the applicant as
prescribed by the executive director, the act, and these rules. No portion of a
remitted license application fee shall be refunded.
(6) An additional background investigation
charge may be assessed to the extent that the executive director's direct
investigative cost exceeds the applicant's application fee. Unless otherwise
determined by the executive director, a license may not be issued until payment
of the additional assessed charge for completion of the background
investigation is received by the executive director.
(7) A person applying for a TPF license must
provide the name, address, and phone number of a representative to act as a
liaison to the executive director or his or her designee. The liaison shall
assist and cooperate with the executive director or his or her
designee.
(8) A TPF is under a
continuing duty to promptly disclose in writing any material changes in the
information or documentation provided in or with the application, renewal, and
disclosure forms submitted to the executive director.
(9) All persons employed by TPFs involved in
accepting pari-mutuel wagers, and employees with access to facilities where the
wagers are placed, or systems and records relating to account wagering are
operated and secured, shall hold an occupational license with a recognized
horse racing regulatory agency. The TPF shall provide and maintain with the
executive director a current list of the employees.
(10) A licensed TPF must utilize and
communicate pari-mutuel wagers to a parimutuel system meeting all requirements
for pari-mutuel systems employed by race meeting licensees in this
jurisdiction.
(11) A licensed TPF
must operate and communicate with the totalisator system in a way as not to
provide or facilitate a wagering advantage based on access to information and
processing of wagers by TPF account holders relative to persons who wager at
race tracks or public off track wagering facilities. The TPF shall have in
place an independent real time monitoring system and use approved by the
executive director, and use other procedures as needed, to ensure compliance
with this requirement.
(12) Failure
to provide information requested by the executive director to assist in any
investigation, inquiry, hearing, or failure to comply with the act or rules
promulgated by the executive director, may result in denial, suspension, or,
upon reasonable notice, revocation of a license.
Notes
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