Gambling Regulation Act

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment

(1) This Act may be cited as the 'Gambling Regulation Act.'

(2) This Act shall be enacted immediately upon its signage.

(3) This Act has been authored by Representative Scassany.

(4) This Act has been co-sponsored by Representative vvirtue_ and Senator Anthony_Org.

2 - Reasons
(1) To amend the Commercial Standards Act and the Criminal Code Act
(2) To repeal the Government Lottery Act
(3) Gambling is a largely unregulated field that should have some limitations placed upon it
(4) With the guidance from staff regading gambling, we should update our laws to match

3 - Definitions
(1) Gambling is defined as when a citizen or other entity stakes or risks something of value upon the outcome of a contest or a future contingent event not under their control or influence, upon an agreement or understanding that they will receive something of value in the event of a certain outcome.
(2) For the purposes of this act, something of value is defined as any currency or asset that may be directly or indirectly used, sold, traded, risked, or bought.
(3) A Gaming Institution is defined as a business that facilitates any form of gambling.
(4) Table Gaming is defined as any gambling played with cards, dice, or other equipment.
(5) Illegal Gambling is defined as any form of gambling that is not permissible under Section 4(4).

4 - Regulations
(1) Gaming institutions are required to display the odds of gaming machines and activities in a visible area adjacent to the machine/activity.
(2) Gambling may not be advertised in the in-game advertisement channel.
(3) Gambling may only be payable in Redmont Dollars, the currency of a recognized foreign nation, plots, or other in-game goods or services.
(4) Gambling is allowed in the Commonwealth with the following exceptions:
(a) Where the contest or contingent event takes place outside of the Commonwealth or a recognized foreign nation.
(i) The above exception will not apply if the gambling is in the form of table gaming.

5 - Amendments
(1) Section 9 of the Commercial Standards Act shall be amended as follows:
"9 - Gaming
(1) Gaming institutions are required to display the odds of gaming machines and activities in a visible area adjacent to the machine/activity."
(2) Part 7 Section 9 of the Criminal Code Act shall be amended as follows:
"9 - Fraudulent Gaming Conduct
Offence Type: Indictable
Penalty: Up to 200 Penalty Units; up to 10 min imprisonment
A person commits an offence if the person:
(a) Misrepresents or manipulates the odds, outcomes, or terms of a gambling or gaming activity to deceive participants or gain unfair advantage; or
(b) Facilitates illegal gambling as defined in the Gambling Regulation Act
Relevant Law: Act of Congress - Commercial Standards ActAct of Congress - Gambling Regulation Act"

6 - Repeals
(1) The Government Lottery Act shall be repealed.