Mich. Admin. Code R. 432.537

Current through Vol. 24-19, November 1, 2024

Section R. 432.537 - Tournaments, bonuses, and promotions

Rule 537.

(1) A fantasy contest operator or licensed management company may conduct a fantasy contest tournament subject to applicable provisions of the act and these rules. A fantasy contest operator or licensed management company must maintain a record of each fantasy contest tournament it offers that addresses, at a minimum, all of the following:

(a) Athletic events on which the fantasy contest tournament is based.

(b) Rules concerning tournament play and participation.

(c) Entry fee amount or amounts per participant.

(d) Prizes or awards.

(e) Methodology for determining the winner or winners.

(2) A fantasy contest operator or licensed management company may offer bonuses and promotions related to fantasy contests, subject to all of the following:

(a) A fantasy contest operator or licensed management company must maintain records of all bonus and promotional offers for a minimum of 3 years and must provide the records to the board on request.

(b) All bonus and promotional offers must be stated in clear and unambiguous terms and must be accessible by a fantasy contest player at both of the following times:

(i) Before the offer is accepted.

(ii) After the offer is accepted and before completion.

(c) Bonus and promotional offer terms and the record of all offers must include, but are not limited to, all of the following:

(i) The date and time the offer is active and expires.

(ii) Fantasy contest player eligibility requirements, including any limitations on participation.

(iii) Any restriction on withdrawals of funds.

(iv) Entry fee requirements and limitations by fantasy contest type.

(v) The order in which funds are used for entry fees.

(vi) Eligible fantasy contests.

(vii) Rules regarding cancellation.

(d) Once a fantasy contest player has met the terms of a bonus or promotional offer, a fantasy contest operator or licensed management company must not limit prizes or awards earned while participating in the offer.

(e) A bonus or promotion must not include or involve targeted advertisements directed to either of the following:

(i) Self-restricted individuals.

(ii) Individuals who are less than 18 years of age.

Mich. Admin. Code R. 432.537

2023 MR 20, Eff. 10/11/2023