4-33-24-16. Game Operator Requirements
Sec. 16. A game operator must do the following to conduct paid fantasy sports games under this chapter: (1) Provide written notice to the division of the game operator’s intent to conduct paid fantasy sports games under this chapter. (2) Submit for the division’s approval any proposed contract with a licensee through which the game […]
4-33-24-17. Licensee’s License Renewals; Licensee Investigations; Investigation Costs
Sec. 17. (a) A licensee’s license may be renewed annually upon a determination by the division that the licensee is in compliance with this chapter. (b) A licensee shall undergo a complete investigation every three (3) years to determine if the licensee is in compliance with this chapter. (c) A licensee shall bear the cost […]
4-33-24-18. Entry Fees
Sec. 18. A game operator may charge an entry fee to participate in a paid fantasy sports game conducted under this chapter. As added by P.L.212-2016, SEC.2.
4-33-24-19. Participant Age Requirements
Sec. 19. An individual must be at least eighteen (18) years of age to participate in a paid fantasy sports game conducted under this chapter. As added by P.L.212-2016, SEC.2.
4-33-24-20. Prizes
Sec. 20. Any prize awarded in a paid fantasy sports game must be made known before the fantasy game begins. The value of a prize awarded in the paid fantasy sports game may not be determined by the number of game participants in the paid fantasy sports game or the amount of entry fees paid […]
4-33-24-21. Required Game Operator Procedures
Sec. 21. A game operator shall implement procedures to do the following: (1) Prevent employees of the game operator or a licensee with whom the game operator has entered into a contract under section 14 of this chapter, and any relative of an employee living in the household of the employee, from competing in a […]
4-33-24-22. Game Operator Preventative Measures
Sec. 22. A game operator shall take reasonable steps to do the following: (1) Prevent the participation in paid fantasy sports games of individuals who have restricted themselves from entering paid fantasy sports games. (2) Prevent game participants from entering more than the maximum number of allowed paid fantasy sports games. As added by P.L.212-2016, […]
4-33-24-23. Segregation of Game Participant Funds
Sec. 23. A game operator shall segregate the funds of game participants from the operational funds of the game operator. As added by P.L.212-2016, SEC.2.
4-33-24-24. Financial Reserves
Sec. 24. For the protection of the funds of game participants held in paid fantasy sports game accounts, a game operator shall maintain a reserve in the form of cash, cash equivalents, an irrevocable letter of credit, a bond, or a combination of these sources that is equal to the amount of money deposited in […]
4-33-24-25. Certified Public Accountant Contracts
Sec. 25. A game operator shall contract annually with a certified public accountant to perform a financial audit of the game operator’s paid fantasy sports game operations under this chapter to ensure compliance with this chapter. The game operator shall submit the results of the audit to the division. The same certified public accountant may […]