(1) The Commission may declare a wager or a series of wagers to be valid if satisfied, after an investigation, that the licensee should not have voided the wager accepted by a licensee because the wager:
(a) did not contravene this Act, a code of practice or the terms and conditions of wagering under which it was accepted; or
(b) was not an unlawful wager.
(2) The declaration under subsection (1) must be in the form of a decision notice.
(3) The licensee must pay out the amount of the winnings of any wager declared valid by the Commission, unless the licensee applies for a review of the declaration under section 239 .