Section 432.501 – Short Title.
432.501 Short title. Sec. 1. This act shall be known and may be cited as the “fantasy contests consumer protection act”. History: 2019, Act 157, Imd. Eff. Dec. 20, 2019
Section 432.502 – Definitions.
432.502 Definitions. Sec. 2. As used in this act: (a) “Athletic event” means a real world professional, collegiate, or nationally recognized sports game, contest, or competition that involves the physical exertion and skill of the participating individual athletes, as to which each participant is physically present at the location in which the sports game, contest, […]
Section 432.503 – Fantasy Contest Operator License; Exception; Application; Fee.
432.503 Fantasy contest operator license; exception; application; fee. Sec. 3. (1) Except as otherwise provided in this section, a person shall not offer fantasy contests in this state unless the person is a licensed fantasy contest operator. (2) An individual may offer, solely from his or her private residence, 1 or more fantasy contests, if […]
Section 432.504 – Fantasy Contest Procedures and Internal Controls; Board Approval; Confidentiality.
432.504 Fantasy contest procedures and internal controls; board approval; confidentiality. Sec. 4. (1) As a condition of licensure, a fantasy contest operator must submit to, and receive approval from, the board commercially reasonable procedures and internal controls intended to accomplish all of the following: (a) Prevent the fantasy contest operator, its owners, directors, officers, and […]
Section 432.505 – Independent Audit.
432.505 Independent audit. Sec. 5. By July 1 of each year, a licensed fantasy 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 contest operator’s total operations for the previous fiscal year and to ensure […]
Section 432.506 – Minor Participation; Prohibit.
432.506 Minor participation; prohibit. Sec. 6. A fantasy contest operator shall prohibit an individual who is less than 18 years of age from participating in a fantasy contest. History: 2019, Act 157, Imd. Eff. Dec. 20, 2019
Section 432.507 – Use of Script; False, Deceptive, or Misleading Advertising; Prohibit.
432.507 Use of script; false, deceptive, or misleading advertising; prohibit. Sec. 7. A licensed fantasy contest operator shall not do any of the following: (a) Allow the use of a script unless the script is made readily available to all fantasy contest players. (b) Employ false, deceptive, or misleading advertising, or advertising that is not […]
Section 432.508 – Offering of Fantasy Contest; Location Limitations; Exception.
432.508 Offering of fantasy contest; location limitations; exception. Sec. 8. (1) A fantasy contest must not be offered on, at, or from any of the following: (a) A kiosk or machine physically located in a retail business location, bar, restaurant, or other commercial establishment. (b) A place of public accommodation. (c) A facility owned, operated, […]
Section 432.509 – Resources for Compulsive Gaming Behavior; Website Availability; Player Access to Playing History and Fees Expended.
432.509 Resources for compulsive gaming behavior; website availability; player access to playing history and fees expended. Sec. 9. (1) A licensed fantasy contest operator shall make available on the licensed fantasy contest operator’s website information about resources relating to compulsive gaming behavior including a telephone number or link to information on compulsive gaming behavior and […]
Section 432.510 – Rules.
432.510 Rules. Sec. 10. The board shall promulgate rules to implement this act under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, including, but not limited to, rules that address all of the following: (a) Requiring a fantasy contest operator to implement commercially reasonable procedures to prohibit access to both […]
Section 432.511 – Maintenance, Retention, and Organization of Records; Confidentiality.
432.511 Maintenance, retention, and organization of records; confidentiality. Sec. 11. (1) A licensed fantasy contest operator shall retain and maintain in a place secure from theft, loss, or destruction all of the records required to be maintained under this act and the rules promulgated under this act for at least 3 years after the date […]
Section 432.512 – Suspension, Revocation, or Restriction of License; Violation; Fines.
432.512 Suspension, revocation, or restriction of license; violation; fines. Sec. 12. (1) The board may suspend, revoke, or restrict the license of a fantasy contest operator that violates this act, a rule promulgated under this act, or an order of the board. (2) The board may impose a civil fine of not more than $20,000.00 […]
Section 432.513 – Prohibited Conduct; Violation; Crime; Penalties.
432.513 Prohibited conduct; violation; crime; penalties. Sec. 13. (1) A person shall not do any of the following: (a) Except as otherwise provided in section 3, offer a fantasy contest in this state unless the person is licensed by the board. (b) Knowingly make a false statement on an application for a license to be […]
Section 432.514 – Report of Monthly Fantasy Contest Adjusted Revenues; Tax; Exception; Fantasy Contest Fund; Failure to Remit; Penalties; State School Aid Fund.
432.514 Report of monthly fantasy contest adjusted revenues; tax; exception; fantasy contest fund; failure to remit; penalties; state school aid fund. Sec. 14. (1) A fantasy contest operator shall report to the board and pay from its monthly fantasy contest adjusted revenues, on a form and in the manner prescribed by the board, a tax […]
Section 432.515 – Application of Michigan Penal Code.
432.515 Application of Michigan penal code. Sec. 15. A fantasy contest conducted under this act does not violate the Michigan penal code, 1931 PA 328, MCL 750.1 to 750.568. This act does not create an exemption to a violation of chapter XLIV of the Michigan penal code, 1931 PA 328, MCL 750.301 to 750.315a. History: […]
Section 432.516 – Fantasy Contest Fund.
432.516 Fantasy contest fund. Sec. 16. (1) The fantasy contest fund is created in the department of treasury. (2) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment […]