Mich. Admin. Code 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.
Notes
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