1. (1) No sports wager type shall be approved unless:

   1. (i) the event on which the sports wager is based is an event whose outcome can be verified;
   2. (ii) the outcome of the sports wager can be generated by a reliable and independent process;
   3. (iii) the outcome of the event is not affected by any sports wager placed; and
   4. (iv) the event is conducted in conformity with all applicable laws, rules and regulations.

2. (2) A casino sports wagering licensee shall not offer sports wagers on:

   1. (i) any prohibited sports event, as defined in Racing, Pari-Mutuel Wagering and Breeding Law section 1367(1)(s);
   2. (ii) any horse race;
   3. (iii) any amateur or youth sports event, except collegiate sports events approved by the commission;
   4. (iv) any event that is not a sports event; and
   5. (v) any sports event on which the commission deems wagering to be contrary to public policy, either on the commission’s own initiative or upon commission affirmation of a request by a league or governing body that governs such sports event, so long as such request has been made in writing to the commission at least 60 days in advance of such sports event with an explanation of why wagering on such event should not be permitted as a matter of public policy.

3. (3) The commission may, in considering whether to approve or condition a sports wager type pursuant to this section, consider the views of a league, association or organization as the commission may deem advisable.

   (c) Variations on sports wager types.

   A casino sports wagering licensee may introduce variations of permissible types of sports wagers by seeking commission approval. A casino sports wagering licensee is not required to amend a previously approved submission to describe a variation if approved by the commission.

   (d) Conditions placed on sports wager type.

   The commission may approve conditionally a sports wager type or the use of a sports wager type for a particular sport, league, association or organization as the commission may deem advisable, such as establishing a limited trial period for a type of sports wager or imposing limits on a particular sports wager, to protect the wagering public, the integrity of sports wagers, the integrity of the sports event upon which a sports wager is based, in whole or in part, or for any other reason consistent with the policies underlying article 13 of the Racing, Pari-Mutuel Wagering and Breeding Law or this Title.

   (e) Withholding of approval.

   The commission may, in the exercise of discretion, withhold approval of any proposed sports wagering type that directly or indirectly violates any requirement for permissible sports wagers or that the commission determines to be contrary to public policy.

   (f) Information to commission.

   A casino sports wagering licensee shall comply with every commission request for information about any type of sports wager that such casino sports wagering licensee proposes to offer to the public.

   (g) Wagering tournaments.

   No wagering tournament shall be conducted without prior approval of the commission. A casino sports wagering licensee shall submit the rules of any proposed wagering tournament for commission approval no later than 30 days prior to the anticipated start date of such wagering tournament.

(a) Approval of wagering menu.

A casino applying for licensure shall submit to the commission the types of sports wagers such casino would like to offer and the sports leagues, associations or organizations on whose contests the casino wishes to offer such sports wagers. Each type of sports wager and each sports league, association or organization on whose contests such casino wishes to offer sports wagering is subject to commission approval and may be subject to such conditions as the commission may determine. After licensing of a casino sports wagering licensee, commission approval is required before such licensee is permitted to offer any type of sports wager not previously offered by such licensee, or an existing sports wager type for a sport, league, association or organization on whose contests the commission has not previously authorized wagering. To obtain commission approval, a casino sports wagering licensee shall specify the underlying sport and sports league, association or organization upon which the proposed type of sports wager is based, provide rules for the sports wager and demonstrate that the new type of sports wager will comply with Racing, Pari-Mutuel Wagering and Breeding Law section 1367 and this Part. Following review of the proposed sports wager type, the commission shall inform all casino sports wagering licensees whether the proposed sports wager type is approved or denied or whether additional information from such licensee is required.

(b) Limitations on sports wager type.