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 […]
4-33-24-10. “Person”
Sec. 10. As used in this chapter, “person” means any association, corporation, limited liability company, fiduciary, individual, joint stock company, joint venture, partnership, sole proprietorship, or other private legal entity. As added by P.L.212-2016, SEC.2.
4-33-23-12. Nonprofit Specified Recipients; Conflict of Interest Statements
Sec. 12. (a) Each nonprofit specified recipient must have a conflict of interest statement that complies with state and federal law, and must provide the commission with a copy of the statement. (b) Each nonprofit specified recipient must provide the commission with a copy of its bylaws. As added by P.L.82-2011, SEC.1.
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, […]
4-33-23-13. Economic Development Payments; Deposits
Sec. 13. (a) Any recipient of an economic development payment must deposit the economic development payment into a separate and segregated bank account not later than five (5) days after its receipt. (b) The bank account referenced in subsection (a): (1) must allow expenditures only in accordance with the terms of the development agreement; (2) […]