Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can I offer contests that involve loyalty programs in Iowa? What are the requirements?

Offering Contests that Involve Loyalty Programs in Iowa

Based on the provided context documents, there are no specific regulations or requirements regarding contests that involve loyalty programs in Iowa. However, there are general rules and regulations that apply to contests and promotions in Iowa [1.1].

To offer contests or promotions in Iowa, you must comply with the general requirements for contests and promotions in Iowa. Additionally, if you are planning to offer fantasy sports contests, you must comply with the requirements set forth in 491 IAAC 14.8 [2.2].

If you are planning to offer internet fantasy sports contests, you must be licensed by the Iowa Racing and Gaming Commission [2.1]. The licensing standards include financial stability, business ability and experience, good character and reputation of the applicant as well as all directors, officers, partners, and employees and integrity of financial backers [2.1]. The commission shall not grant a license to an applicant if there is substantial evidence that any of the following apply: (1) A license issued to the applicant to conduct internet fantasy sports contests in another jurisdiction has been revoked, or a request for a license to conduct internet fantasy sports contests in another jurisdiction has been denied, by an entity licensing persons to conduct such contests in that jurisdiction. (2) The applicant has not demonstrated financial responsibility sufficient to adequately meet the requirements of the enterprise proposed. (3) The applicant does not adequately disclose the true owners of the enterprise proposed. (4) The applicant has knowingly made a false statement of a material fact to the commission. (5) The applicant has failed to meet a monetary obligation in connection with conducting an internet fantasy sports contest. (6) The applicant is not of good repute and moral character or the applicant has pled guilty to, or has been convicted of, a felony. (7) Any member of the board of directors or governing body of the applicant is not 21 years of age or older [2.1].

Conclusion

To summarize, there are no specific regulations or requirements regarding contests that involve loyalty programs in Iowa. However, if you are planning to offer contests or promotions, you must comply with the general requirements for contests and promotions in Iowa. Additionally, if you are planning to offer internet fantasy sports contests, you must be licensed by the Iowa Racing and Gaming Commission and comply with the licensing standards [1.1][2.1][2.2].

Source(s):
Jurisdiction

Iowa