Michigan Administrative Code › Department - Treasury › Michigan Gaming Control Board › Fantasy Contest Rules › Part 4 - FANTASY CONTEST PLAYER ACCOUNTS › Section R. 432.541c - Fantasy contest player account classification

Current through Vol. 24-12, July 15, 2024
Rule 541c. Unless otherwise determined by the board, both
					 of the following apply to the classification of fantasy contest player
					 accounts:
(a) An account that can be
				  used only to conduct games or activities other than fantasy contests, as that
				  term is defined in section 2 of the act, MCL
				  432.502, is not considered a
				  fantasy contest player account and is not subject to requirements of the act
				  and these rules related to fantasy contest player accounts, except as otherwise
				  determined by the board. This may include, but is not limited to, an account
				  that can be used only to conduct games or activities that are similar to
				  fantasy contests but that lack an entry fee.
(b) A fantasy contest operator or licensed
				  management company may elect to delay classification of an account as a fantasy
				  contest player account until such time as the individual account holder
				  requests to make his or her first deposit or attempts to enter or participate
				  in his or her first fantasy contest, whichever occurs first, subject to all of
				  the following conditions:
(i) The point at
				  which the account is classified as a fantasy contest player account is
				  considered the point at which the fantasy contest player account is established
				  or created for purposes of the act and these rules.
(ii) The fantasy contest operator or licensed
				  management company must adopt commercially reasonable procedures and internal
				  controls to ensure that all applicable requirements of the act and these rules
				  are met before allowing the individual to make his or her first deposit or
				  enter or participate in his or her first fantasy contest, whichever occurs
				  first. This includes, but is not limited to, commercially reasonable procedures
				  and internal controls designed to ensure all of the following:
(A) A person that is prohibited from
				  establishing a fantasy contest player account under the act and these rules is
				  prevented from establishing a fantasy contest player account, from making a
				  deposit, and from entering or participating in a fantasy contest. This
				  includes, but is not limited to, a person prohibited from establishing a
				  fantasy contest player account under
				  R 432.532a to
				  R 432.532g.
(B) A person is prevented from entering or
				  participating in any fantasy contest the person is prohibited from entering or
				  participating in under the act and these rules, including, but not limited to,
				  R 432.532a to
				  R 432.532g.
(C) An individual is limited to a single,
				  non-transferrable, and unique fantasy contest player account in accordance with
				  R 432.541.
(D) An individual's age and identity are
				  verified in accordance with
				  R 432.541a before the individual is
				  allowed to create a fantasy contest player account.
(E) An individual agrees to the terms and
				  conditions established under
				  R 432.542 before establishing a
				  fantasy contest player account.
(F)
				  Compliance with all requirements of
				  R 432.544.
(G) A fantasy contest player is prevented
				  from transferring funds from his or her fantasy contest player account to an
				  account that is not classified as a fantasy contest player account under this
				  subrule, whether the account is held by the fantasy contest player or another
				  individual.
(iii) An
				  account must be classified as a fantasy contest player account and must meet
				  applicable requirements of the act and these rules before it can be used to
				  enter or participate in any tournament, bonus, or promotion involving fantasy
				  contests.
(iv) Once an account is
				  classified as a fantasy contest player account, it must remain classified as a
				  fantasy contest player account.
(v)
				  The fantasy contest operator or licensed management company must meet any other
				  conditions considered appropriate by the board.