(a) A Wagering Account may be funded using approved methods which shall produce a sufficient audit trail for verification of the source of funds of the Wagers. The Operator's Internal Controls shall include a list of funding methods it intends to offer on its platform with detailed information about the Operator's procedures in place to prevent and investigate money laundering and fraud as it relates to each funding method. The Director may prohibit the use of certain funding methods due to insufficient audit capability, financial or security risk to the consumer, or other reason as provided by the Director. Approved methods for funding Wagering Accounts include:

(1) Cash;

(2) Cash Equivalents converted to Cash;

(3) credit cards and debit cards;

(4) electronic funds transfers including automated clearing house and other electronic methods;

(5) promotional or bonus credits;

(6) Winnings;

(7) adjustments made by the Operator with documented notification to the Player;

(8) a prepaid access instrument, which for purposes of this Rule is a reloadable prepaid account or a reloadable prepaid card, either of which has been verified as being issued to the Player at the time of purchase and is nontransferable; and

(9) other forms of payment approved by the Commission.

(b) The Wagering Account shall be credited for deposits in accordance with the Internal Controls as submitted by the Operator and approved by the Commission.

(c) The Operator shall make commercially reasonable efforts to protect and account for the Registered Player's funds held in a Wagering Account.

History Note: Authority G.S. 18C-114(a)(14);

Previously adopted as Rule 1G-008;

Eff. January 8, 2024;

Readopted Eff. March 27, 2024;

Amended Eff. January 17, 2025.