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 […]
4-33-24-26. Civil Penalties
Sec. 26. The division may impose a civil penalty upon a game operator, a licensee, or an employee of a game operator or a licensee for a violation of this chapter. The maximum amount of a civil penalty imposed under this section for a particular violation is one thousand dollars ($1,000). The division shall deposit […]
4-33-24-11. Paid Fantasy Sports Division Established
Sec. 11. (a) The paid fantasy sports division is established within the commission. (b) The division shall maintain the integrity of the paid fantasy sports division. Game operators, game operator applicants, and licensees must encourage confidence in the commission and the division by maintaining high standards of honesty, integrity, and impartiality. As added by P.L.212-2016, […]
4-33-24-12. Powers and Duties; Adoption of Rules
Sec. 12. (a) Except as provided in subsection (c), the division has the following powers and duties for purposes of administering, regulating, and enforcing the system of paid fantasy sports under this chapter: (1) All powers and duties in this chapter. (2) All powers necessary and proper to fully and effectively execute this chapter. (3) […]
4-33-24-13. Adoption of Rules
Sec. 13. (a) The division shall adopt rules under IC 4-22-2, including emergency rules under IC 4-22-2-37.1, to implement this chapter, including rules for the following purposes: (1) Administering this chapter. (2) Providing for the prevention of practices detrimental to the public interest and providing for the best interests of paid fantasy sports. (3) Establishing […]
4-33-24-14. Game Operators; Licensee Contracts
Sec. 14. A game operator may: (1) conduct one (1) or more paid fantasy sports games through an Internet web site maintained and operated by the game operator; or (2) contract with a licensee to conduct one (1) or more paid fantasy sports games on the premises of a licensed facility. As added by P.L.212-2016, […]