Interactive Gambling Act 2001
61GDWhen an outstanding or pending bet is resolved
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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.