§ 5-1201 – Definitions
5-1201. Definitions In this chapter, unless the context otherwise requires: 1. " Applicant" means any person that has applied for a license as a fantasy sports contest operator or that has been approved for any act related to fantasy sports contests. 2. " Application" means a request to issue a license as a fantasy sports […]
§ 5-1202 – Fantasy sports contests; exceptions; rules; licensure
5-1202. Fantasy sports contests; exceptions; rules; licensure A. Except as otherwise provided in this section, a person may not offer fantasy sports contests in this state unless the person is licensed by the department as a fantasy sports contest operator. B. An individual may offer one or more fantasy sports contests if all of the […]
§ 5-1203 – Prohibited employees; procedures and controls
5-1203. Prohibited employees; procedures and controls A. The fantasy sports contest operator may not employ an individual and, if already employed, shall terminate an employee who is identified through regulations issued by the department if the individual meets any of the following criteria: 1. Has been convicted of any gaming offense. 2. Has been convicted […]
§ 5-1204 – Financial responsibility
5-1204. Financial responsibility On or before July 1 of each year, a licensed fantasy sports contest operator shall contract with a certified public accountant to perform an independent audit in accordance with generally accepted accounting principles of the financial condition of the licensed fantasy sports contest operator’s total operation for the previous fiscal year and […]
§ 5-1205 – Prohibitions; exception
5-1205. Prohibitions; exception A. A fantasy sports contest operator shall prohibit an individual who is under twenty-one years of age from participating in a fantasy sports contest. B. A licensed fantasy sports contest operator may not do any of the following: 1. Allow the use of a script that provides a fantasy sports contest player […]
§ 5-1206 – Problem gambling; self-exclusion list; program; liabilities
5-1206. Problem gambling; self-exclusion list; program; liabilities A. A fantasy sports contest operator shall develop a procedure to inform fantasy sports contest players that help is available if an individual has a problem with gambling and, at a minimum, provide the statewide toll-free helpline telephone number, text message and website information established by the department. […]
§ 5-1207 – Department of gaming; authority
5-1207. Department of gaming; authority The department shall adopt rules to implement this chapter as provided in title 41, chapter 6, including rules that do all of the following: 1. Require a fantasy sports contest operator to implement commercially reasonable procedures to prohibit access to both of the following: (a) Individuals who request to restrict […]
§ 5-1208 – Requirements
5-1208. Requirements A. After a fantasy sports contest operator is licensed, the fantasy sports contest operator shall report any change to the information regarding ownership included in its application with the department within thirty days after the change is effective. The fantasy sports contest operator’s license shall remain valid unless the department determines that the […]
§ 5-1209 – Revocation, suspension or denial of license; grounds; definitions
5-1209. Revocation, suspension or denial of license; grounds; definitions A. The department may revoke, suspend or deny a license if an applicant or licensee meets any of the following criteria: 1. Violates, fails or refuses to comply with the provisions, requirements, conditions, limitations or duties imposed by law or rule, or if any such violation […]
§ 5-1210 – Violations; classification; penalties
5-1210. Violations; classification; penalties A. A person may not do any of the following: 1. Except as otherwise provided in this chapter, offer a fantasy sports contest in this state unless the person is licensed by the department. 2. Knowingly make a false statement on an application for a license under this chapter. 3. Knowingly […]