I noticed mine does a great big his when I open the cap so assume its not vented but never had a problem, but I also know the cap doesn't seal 100% because when its full it sloshes out along the side of the trailer. I would think that it has to be a sealed system per EPA but I could be wrong, never checked.
DIRT BIKES RULE
'12 Duramax CC short bed
2019 Wildcat Maxx 285RKX