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Can I offer contests that involve referral bonuses in Rhode Island? What are the requirements?

Offering Contests with Referral Bonuses in Rhode Island

Based on the documents provided, there are no specific regulations or laws in Rhode Island that prohibit offering contests that involve referral bonuses. However, it is important to ensure that such contests comply with general laws and regulations related to gambling, advertising, and consumer protection.

Under R.I. Gen. Laws Chapter 42-61.2, licensed video lottery retailers are authorized to extend credit to players subject to certain rules and regulations [3.1]. These rules and regulations include requirements related to a credit applicant’s financial fitness, annual income, debt-to-income ratio, prior credit history, and average monthly bank balance. Additionally, the maximum amount of outstanding credit per player is limited to fifty thousand dollars ($50,000).

Furthermore, R.I. Gen. Laws § 6-29-2 states that sales induced by referral offers are voidable unless there is a written agreement between the parties to the sale containing the provisions set forth in § 6-29-1 [2.1].

It is recommended that you consult with a legal professional to ensure that your contest complies with all applicable laws and regulations in Rhode Island.

Source(s):
Jurisdiction

Rhode Island