13 Miss. Code. R. 15-5.1 - Procedures
A fantasy contest operator offering fantasy contests with an entry fee in this state shall comply with audit procedures adopted by the Commission to ensure compliance with this section.
(a) The Executive Director shall make
appropriate investigations:
1. To determine
whether there has been any violation of Miss. Code Ann. §§
97-33-301
through
97-33-317 or of
any regulations adopted thereunder;
2. To determine any facts, conditions,
practices or matters which he may deem necessary or proper to aid in the
enforcement of any such law or regulation;
3. To aid in adopting regulations;
4. To secure information as a basis for
recommending legislation relating to Miss. Code Ann. §§
97-33-301
through
97-33-317;
and
5. To determine annual
compliance with Miss. Code Ann. §§
97-33-301
through
97-33-317.
(b) A fantasy contest operator must annually
provide a third-party audit of its operations to the Commission. This audit
must be performed to certify to the Commission that the operator is complying
with all operational, financial, and technical requirements of the Fantasy
Contact Act and these regulations.
(c) A fantasy contest operator must provide
audited financial statements to the Commission within ninety (90) days after
the last day of the operator's fiscal calendar year.
(d) A fantasy contest operator must comply
with any additional audit procedures and requirements that the Commission may
prescribe to ensure compliance with applicable laws and regulations.
Notes
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