Ask Reggi Your Question Now
Can I offer contests that involve loyalty programs in Wyoming? What are the requirements?
Based on the information provided in the context documents, it appears that you can offer contests that involve loyalty programs in Wyoming, subject to certain requirements.
Requirements for Offering Contests in Wyoming
According to WYAR § 7, a sports wagering operator or sports wagering vendor may conduct an online sports wagering tournament, contest, or pool, subject to the following requirements:
- The operator or vendor must file written notice with the Commission of its intent to offer the tournament, contest, or pool type and obtain approval from the Commission before the first time it is offered [1.1].
- The request must provide a detailed description of the tournament, contest, or pool type and must include the rules of the tournament, contest, or pool, the requirements for entry, the entry fees, the rake, and potential payouts. The request must also indicate whether or not the proposed type involves a shared liquidity pool available to patrons in Wyoming and other jurisdictions with the prize pool being comprised of entry fees collected from patrons in multiple jurisdictions [1.1].
- Once a sports wagering operator or sports wagering vendor receives approval to offer a tournament, contest, or pool type, the operator or vendor shall not be required to seek additional approvals from the Commission for each subsequent type that is substantially similar [1.1].
- Each sports wagering operator or sports wagering vendor must maintain a record of each tournament, contest, or pool it offers, which must address, at a minimum, all of the following: name or identification of the tournament, contest, or pool; the date and time the tournament, contest, or pool occurred or will occur (if known); events and wager types; rules concerning tournament, contest, or pool play and participation; and for each registered patron: unique patron ID and username (if different); amount of entry fee collected, including any bonus or promotional credits, and the date collected; patron scorings/rankings; and amount of winnings paid, including any bonus or promotional credits, and the date paid; total amount of entry fees collected, including any bonus or promotional credits; total amount of winnings paid to patrons, including any bonus or promotional credits; total rake, commission, or fees collected; funding source amount or amounts comprising the prize pool (for example, buy-ins, re-buys, or add-ons); prize structure on payout; methodology for determining winner or winners; and the current status of the tournament, contest, or pool (in progress, complete, interrupted, cancelled, etc.) [1.1].
Loyalty Programs
The context documents do not provide specific information about loyalty programs. However, if you plan to offer contests that involve loyalty programs, you should ensure that they comply with the requirements outlined in WYAR § 7.
Conclusion
Based on the information provided in the context documents, you can offer contests that involve loyalty programs in Wyoming, subject to the requirements outlined in WYAR § 7.
Source(s):
Jurisdiction
Wyoming