Nevada § 463.810 - “Global risk management” defined

§ 463.810. “Global risk management” defined

1. As used in this section and NRS 463.820 , unless the context otherwise requires, “ global risk management ” means the operation, by a person who has been issued a license to operate a race

book or sports pool, of risk management services between and among permissible jurisdictions

through communications technology for the purposes of providing the management, or

consultation or instruction in the management, of wagering pools and the transmission

of information relating to wagering pools or other similar information. The term: (a) Includes, without limitation: (1) The management of risks associated with a wagering pool for a race or sporting

event or any other event for which a wager may be accepted. (2) The setting or changing of bets or wagers, cutoff times for bets or wagers, acceptance

or rejection of bets or wagers, pooling or laying off of bets or wagers, lines, point

spreads, odds or other activity relating to betting or wagering. (3) The use, transmittal and accumulation of information and data for the purpose

of providing risk management services. (b) Does not include: (1) The transmission or placement of a bet or wager for a race or sporting event or

any other event for which a wager may be accepted between or among permissible jurisdictions. (2) The provision of any information service, as defined by NRS 463.01642 . 2. As used in this section: (a) “ Communications technology ” has the meaning ascribed to it in NRS 463.016425 . (b) “ Permissible jurisdiction ” means any jurisdiction in which global risk management or the betting or wagering

on a race or sporting event is lawful or not otherwise expressly prohibited under

the laws of that jurisdiction. (c) “ Wagering pool ” means a pool or a combination of multiple pools for the placement of bets or wagers

for a race or sporting event or any other event for which a wager may be accepted

and which is located in a permissible jurisdiction.