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Can you summarize 10 DEAC 301?
Division of Gaming Enforcement > Interactive Fantasy Sports Contests Regulations
Short Summary
These regulations, authorized by 29 Del.C. 4866, govern the registration and operation of interactive fantasy sports contests in Delaware. The regulations are enforced by the Delaware Division of Gaming Enforcement (DGE) and aim to safeguard the integrity of the games and participants, ensuring accountability and public trust. The regulations define key terms such as ‘Commission’ (Delaware Division of Gaming Enforcement), ‘Director’ (Director of the Delaware Division of Gaming Enforcement), ‘Operating fee’ (fee established by 29 Del.C. 4868(a)’), ‘Scripts’ (commands used to automate processes on an interactive daily fantasy sports contest platform), and ‘Ultimate Equitable Owner’ (person who owns or controls any ownership interest of ten percent or more in a person or entity). The regulations outline the application requirements for interactive fantasy sports registrants, including submission of a registration application with various details such as applicant information, organizational structure, financial statements, and compliance with tax and securities regulations. The regulations also cover fees, disciplinary procedures, fairness of contests, advertisements, data retention, cybersecurity, protection of authorized players, and reporting requirements. Non-compliance with the regulations may result in denial, suspension, or revocation of registration.
Whom does it apply to?
Persons or entities desiring to register as an interactive fantasy sports registrant
What does it govern?
Regulation of interactive fantasy sports contests
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Suspension or revocation of registration for violations
Jurisdiction
Delaware