Missouri Code of State Regulations › Title 11 - DEPARTMENT OF PUBLIC SAFETY › Division 45 - Missouri Gaming Commission › Chapter 40 - Fantasy Sports Contests › Section 11 CSR 45-40.040 - Fantasy Sports Contest Operator Responsibilities

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes the commission's
				  access to information, the applicant's duty to disclose changes in information,
				  and the licensed operator's duty to report and prevent misconduct. This rule is
				  designed to assure that the commission receives timely information that may
				  impact on an applicant's or licensee's suitability.
(1) All licensed operators shall provide all
				information requested by the commission. Access to this information shall be
				immediate and copies of the information shall be delivered within seven (7)
				days, or less if the commission so orders.
(2) All licensed operators of and applicants
				for Fantasy Sports Contest Operator (FSCO) licenses issued by the commission
				shall have a continuing duty to disclose in writing, within ten (10) calendar
				days for an applicant and thirty (30) calendar days for a licensee, any
				material change in the information provided in the application forms and
				requested materials submitted to the commission. Any change in information that
				is not material must be disclosed to the commission during the licensee's next
				subsequent application for license renewal.
(3) The duty to disclose changes in
				information shall continue throughout any application period or period of
				licensure granted by the commission. This duty shall be in addition to any
				other reporting requirements.
(4)
				For the purposes of this rule, "material change" shall mean any change in
				personal identification or residence information, such as name, address, and
				phone number; information required in section 313.945, RSMo; or other
				information that might affect an applicant or licensed operator's suitability
				to hold an FSCO license, including, but not limited to, significant changes in
				financial condition, legally defaulting on a debt owed to the state of
				Missouri, arrests, convictions, guilty pleas, disciplinary actions, or license
				denial, suspension, or revocation in other jurisdiction(s).
(5) Licensed operators shall promptly report
				to the commission any facts which the licensed operator has reasonable grounds
				to believe indicate a violation of law or commission rule committed by licensed
				operators, their key persons, or their employees, including, without
				limitation, the performance of licensed activities different from those
				permitted under their license.
(6)
				In addition to all other reporting requirements, FSCO license applicants and
				licensed operators shall notify the commission within fifteen (15) days after
				receiving notification that any of the following persons has received a
				subpoena or is the target of, has been disciplined by, or has been charged in
				connection with an investigation by a regulatory, administrative, or
				prosecutorial agency of a violation of a rule, regulation, or statute relating
				to licensed gambling, fantasy sports contests, Securities and Exchange
				Commission (SEC) regulations, or criminal offenses, to include any illegal,
				corrupt, or fraudulent act, practice, or conduct in connection with any fantasy
				sports contest in Missouri or any other state, a felony, a crime of moral
				turpitude, or any criminal offense involving dishonesty or breach of trust (an
				"offense" does not include infractions, traffic violations, or parking
				violations, except for driving while revoked/suspended, alcohol/ drug-related
				traffic violations, and leaving the scene of an accident):
(A) The applicant or licensed
				operator;
(B) The applicant's or
				licensed operator's parent corporation;
(C) Any subsidiary of the applicant's or
				licensed operator's parent corporation;
(D) The applicant's or licensed operator's
				key persons or employees;
(E) Any
				key person of the applicant's or licensed operator's parent corporation;
				or
(F) Any key person of any
				subsidiary of the applicant's or licensed operator's parent
				corporation.