Oregon Revised Statutes Chapter 462 § 462.316 — Prohibition on accepting certain wagers; suspension or closure of account
Oregon Revised Statutes Chapter 462 ·
Oregon Code § 462.316·Enacted ·Last updated March 01, 2026
Statute Text
Prohibition on accepting certain wagers; suspension or closure of account.
(1) An exchange wagering licensee
may not accept an exchange wager, or series of exchange wagers, from an
exchange wagering account holder if the results of the exchange wager or series
of exchange wagers would create a liability for the holder in excess of moneys
on the deposit in the holders exchange wagering account.
(2) An exchange
wagering licensee may suspend or close an exchange wagering account at the
discretion of the exchange wagering licensee. [2019 c.313 §7]
Plain English Explanation
This Oregon statute addresses Prohibition on accepting certain wagers; suspension or closure of account. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 462.316
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Prohibition on accepting certain wagers; suspension or closure of account. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 462.316. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.