CTHIn ForceAct
Interactive Gambling Act 2001
61GDWhen an outstanding or pending bet is resolved
Start here
Get a plain-English read of 61GD
Turn the raw legal text into a practical explanation grounded in Interactive Gambling Act 2001.
#### 61GD When an outstanding or pending bet is resolved
(1) For the purposes of this Part:
(a) if an outstanding or pending bet turns out to be a winning bet—the bet is resolved when the bet is settled; and
(b) if an outstanding or pending bet turns out to be a losing bet—the bet is resolved when it becomes clear that the bet is a losing bet; and
(c) if the bettor becomes entitled to a refund of the bet—the bet is resolved when it becomes clear that the bettor has become entitled to a refund of the bet.
(2) For the purposes of paragraph (1)(c), it is immaterial whether a refund is or will be made by way of a credit to a licensed interactive wagering service account.