Mich. Admin. Code R. 432.749

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

Section R. 432.749 - Tournaments/contests, bonus and promotional wagering, advertising, and player loyalty programs

Rule 749.

(1) A sports betting operator or internet sports betting platform provider may conduct an internet sports betting tournament or contest subject to all of the following:

(a) No internet sports betting tournament or contest shall be conducted unless the sports betting operator or internet sports betting platform provider, before the first time a tournament or contest type is offered, files written notice with the board of its intent to offer that tournament or contest type. The sports betting operator or internet sports betting platform provider may file a master tournament list with the board to satisfy this requirement.

(b) Each sports betting operator or internet sports betting platform provider must maintain a record of each tournament or contest type it offers, which must address, at a minimum, all of the following:

(i) Events and wager types.

(ii) Rules concerning tournament or contest play and participation.

(iii)Entry fee amount or amounts per participant.

(iv) Funding source amount or amounts comprising the prize pool (for example, buy-ins, re-buys, or add-ons).

(v) Prize structure on payout.

(vi) Methodology for determining winner or winners.

(2) A sports betting operator or internet sports betting platform provider may conduct internet sports betting bonus and promotional wagering offers subject to all of the following:

(a) A sports betting operator or internet sports betting platform provider must maintain a record of all bonus and promotional wagering offers related to internet sports betting in an electronic file that is readily available to the board.

(b) All bonus and promotional wagering offers must be stated in clear and unambiguous terms and must be accessible by the authorized participant after the offer is accepted and before completion.

(c) Offer terms and the record of all offers must include all of the following at a minimum:

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

(ii) Authorized participant eligibility, including any limitations on participation.

(iii)Any restriction on withdrawals of funds.

(iv) Wagering requirements and limitations on events or wager types.

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

(vi) Eligible events or wager types.

(vii) Rules regarding cancellation.

(3) A sports betting operator or internet sports betting platform provider must provide a clear and conspicuous method for an authorized participant to cancel his or her participation in a bonus or promotional wagering offer that utilizes restricted gaming credits that cannot be cashed out until a wagering requirement or other restrictions associated with the credits is met. If an authorized participant elects to proceed with cancellation, unrestricted funds remaining in an authorized participants internet sports betting account must be returned according to the terms and conditions.

(4) Once an authorized participant has met the terms of a bonus or promotional wagering offer, a sports betting operator or internet sports betting platform provider must not limit winnings earned while participating in the offer.

(5) All tournaments or contests, bonus and promotional wagering, advertising, and player loyalty programs offered or conducted by a sports betting operator or internet sports betting platform provider on the internet sports betting platform must comply with the technical standards adopted in R 432.733(2), as applicable.

Mich. Admin. Code R. 432.749

2020 MR 22, Eff. 12/2/2020