Sec. 5. When reviewing a person's application for a sports wagering service provider license, the commission:
(1) shall consider the suitability findings of other jurisdictions in which the person is licensed, certified, or authorized to conduct business as a sports wagering service provider; and
(2) may waive requirements set forth in the application form prescribed by the commission if:
(A) the suitability findings of other jurisdictions provide sufficient information to fully consider the person's application; and
(B) the person provides all the information otherwise requested by the commission.