Section R. 432.544a - Fantasy contest player account fundingRule 544a. A fantasy contest player's fantasy contest player account may be funded through the use of any of the following:
(a) A fantasy contest player's credit or debit card.(b) A fantasy contest player's deposit of cash or cash equivalents at a physical location at which a fantasy contest operator or licensed management company accepts deposits directly or at which a third-party payment processor accepts deposits on behalf of a fantasy contest operator or licensed management company. Procedures governing transactions conducted at the physical location must be addressed in the fantasy contest operator's or licensed management company's procedures and internal controls.(c) A fantasy contest player's reloadable prepaid card that is verified as being issued to the fantasy contest player and is non-transferable.(f) Adjustments made by the fantasy contest operator or licensed management company with documented notification to the fantasy contest player.(g) Automated clearing house (ACH) deposit, provided that the fantasy contest operator or licensed management company has implemented security measures and procedures and internal controls to prevent ACH fraud regarding failed ACH deposits.(i) A fantasy contest operator's or licensed management company's issuance of credit to a fantasy contest player. Procedures for the issuance of credit must be addressed in the fantasy contest operator's or licensed management company's procedures and internal controls.(j) Any other means approved by the board.Mich. Admin. Code R. 432.544a
2023 MR 20, Eff. 10/11/2023