Limits on payment for approval to use sports information
17 Limits on payment for approval to use sports information
For section 172(2)(a) of the Act, the fee required by a control body for approval to use the sports information must be within the following limits:
if the applicant for the approval is a betting exchange operator, or a person carrying on a business under a law of another jurisdiction that substantially corresponds to the business of a betting exchange operator – the fee must be not less than 15% and not more than 50% of the amount of commission retained or received by the betting exchange operator from wagers on the sports information;
if the applicant for the approval is any other wagering licensee – the fee must be not less than 1.5% and not more than 5% of the total amount of wagers received by the wagering licensee on the sports information.
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