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 […]