Connecticut Administrative Code › Title 12 - Taxation › 865 - Online Casino Gaming, Retail and Online Sports Wagering, Fantasy Contests, Keno and Online Sale of Lottery Tickets › Section 12-865-22 - Operation of Fantasy Contests

Current through July 10, 2024
(a) An online
			 gaming operator offering fantasy contests shall:
(1) Prevent the sharing of inside information
			 with third parties that could affect the outcome of a fantasy contest until the
			 information is made publicly available. As used in this subdivision, "inside
			 information " means information related to the play of a fantasy contest by
			 fantasy contestants obtained as a result of or by virtue of an individual's
			 employment;
(2) Provide that a
			 winning fantasy contest outcome may not be based on the score, point spread or
			 performance of a single actual sports team or combination of such teams or
			 solely on a single performance of an individual athlete or participant in a
			 single actual sports event;
(3)
			 Annually conduct an independent audit to ensure compliance with the act and
			 sections 12-865-1 to 12-865-34, inclusive, of the Regulations of Connecticut
			 State Agencies, except that an online gaming operator of fantasy contests with
			 annual gross fantasy contest revenues of less than $100,000 is not required to
			 contract with a certified public accountant as prescribed by this subdivision
			 unless required by the commissioner, in which case the commissioner shall
			 notify such online gaming operator and allow a reasonable period of time to
			 comply with the requirement for an independent audit;
(4) By June 30th of each year, submit a
			 report to the department that includes the following information regarding
			 accounts with the online gaming operator of fantasy contests held by fantasy
			 contestants in the State:
(A) The number of
			 accounts held by fantasy contestants on all platforms offered by the online
			 gaming operator. The online gaming operator of fantasy contests shall identify
			 the number of internet gaming accounts held by highly experienced fantasy
			 contestants on all platforms offered by the online gaming operator;
(B) The total number of new internet gaming
			 accounts established and accounts permanently closed in the preceding year or,
			 if the online gaming operator of fantasy contests has been licensed for less
			 than one year, the number of new accounts and permanently closed accounts in
			 the period since the online gaming operator's license was issued; and
(C) The total amount of gross fantasy contest
			 revenues received by the online gaming operator of fantasy contests;
(5) Offer introductory procedures
			 for patrons that explain fantasy contest play and how to identify a highly
			 experienced player. For purposes of this section, "highly experienced player"
			 means an individual who has entered more than one-thousand fantasy contests
			 offered by a single online gaming operator of fantasy contests or has won more
			 than three fantasy contests with winnings valued at $1,000.00 each or more from
			 a single online gaming operator of fantasy contests;
(6) Identify all highly experienced players
			 in any fantasy contest by a symbol attached to such players' usernames, or by
			 other means that are easily visible to all fantasy contest patrons;
(7) Disclose the maximum number of total
			 entries allowed for each fantasy contest;
(8) Offer each patron information regarding
			 his or her internet gaming account history and account details;
(9) Promptly, accurately and regularly update
			 the number of entries that have been submitted for the fantasy contest at a
			 given time, for any fantasy contest it offers, which update shall occur at
			 least daily;
(10) Ensure the value
			 of any winnings offered to patrons is established and made known to patrons in
			 advance of when the online gaming operator allows patrons to enter the fantasy
			 contest; and
(11) Establish and
			 disclose a limitation on the number of entries an individual patron may submit
			 for each fantasy contest and have an approved procedure in place to prevent a
			 patron from exceeding that number.