Mich. Admin. Code R. 432.536 - Fantasy contest rules or terms
Rule 536.
(1) A
fantasy contest operator or licensed management company must establish clear
and conspicuous rules or terms for each fantasy contest it offers. The rules or
terms must address all of the following, at a minimum:
(a) Unique identification number or other
identifier of the fantasy contest.
(b) Entry fee amount.
(c) Rules and terms regarding fantasy contest
team selection, including, but not limited to, all of the following:
(i) The athletic events on which the fantasy
contest is based and from which a fantasy contest player may select individual
athletes.
(ii) The number of
athletes a fantasy contest player must select to form the fantasy contest
team.
(iii) Any requirements or
restrictions regarding the type, position, or other characteristics of the
athletes a fantasy contest player must select.
(iv) Any other information a fantasy contest
player may need to assemble a fantasy contest team.
(d) An explanation of how winning outcomes
reflecting the relative knowledge and skill of fantasy contest players are
determined, including, but not limited to, all of the following:
(i) A description of the statistical results
of the performance of multiple individual athletes that will determine the
outcome of the fantasy contest.
(ii) An explanation of how the statistical
results will be aggregated.
(iii)
An explanation of how the statistical results correspond with the actual
performance of the athletes in the athletic events in which they will
participate.
(e) Prize
or award amounts, which must be made known to fantasy contest players in
advance of the fantasy contest, and a description of the process for
calculating and paying prizes or awards, including non-cash or non-cash
equivalent prizes or awards. Prizes or awards stipulated in the rules or terms
must be available and must be demonstrated on request of the board.
(f) The maximum number of entries each
fantasy contest player may submit as required under
R
432.532(3).
(g) Any other restrictions regarding the
minimum or maximum number of fantasy contest entries that may be submitted by a
single fantasy contest player or all fantasy contest players in the fantasy
contest.
(h) The date and time the
fantasy contest will begin.
(i) The
date and time the fantasy contest is expected to be settled or a general
statement explaining that the fantasy contest will be settled following the
completion of all athletic events on which the fantasy contest is
based.
(j) An explanation of when
the fantasy contest locks and when no further fantasy contest entries,
substitutions, or modifications can be made.
(k) What is to occur when any athletic event
or component of an athletic event on which the fantasy contest is based is
canceled, rescheduled, suspended, or shortened.
(l) A description of the process for handling
incorrectly posted fantasy contests or fantasy contest results.
(m) A policy by which the fantasy contest
operator or licensed management company can cancel a fantasy contest due to an
obvious error in the setup or parameters of the fantasy contest, which must
include a definition and procedures for obvious errors.
(n) How entry fees will be returned to
fantasy contest players in the event a fantasy contest is cancelled after entry
fees have been paid and what is to occur if any entry fees cannot be returned
to a fantasy contest player.
(o) A
description of persons who are prohibited or restricted from entering or
participating in the fantasy contest in accordance with the act and these
rules.
(p) Any other rules or terms
required by the board.
(2) The rules or terms for each fantasy
contest must be clearly and conspicuously displayed on the fantasy contest
operator's or licensed management company's fantasy contest platform in a
manner that enables a fantasy contest player to read the rules or terms for a
fantasy contest before the fantasy contest player pays an entry fee or
otherwise enters or commences participation in the fantasy contest.
(3) A fantasy contest operator or licensed
management company must enforce and comply with the rules or terms applicable
to each fantasy contest.
(4) A
fantasy contest operator or licensed management company must not alter the
rules or terms established for a fantasy contest after any fantasy contest
player has entered or commenced participation in the fantasy contest.
(5) A fantasy contest operator or licensed
management company must maintain copies of the rules or terms applicable to
each fantasy contest for a minimum of 3 years following completion of the
fantasy contest. The fantasy contest operator or licensed management company
must provide the rules or terms to the board on request.
Notes
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