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Can you summarize 16-633 MECM, Fantasy Contests?
Gambling Control Board > Fantasy Contests
Short Summary
These legal documents govern various aspects of fantasy contests and the regulation of fantasy contest operators in the state of Maine. Chapter 36 of the Code of Maine Rules outlines the license fee and renewal process for fantasy contest operators, including the submission of a one-time application fee of $1,000 and the determination of initial and renewal fees. Chapter 37 sets standards for fantasy contest operators, including the prohibition of proxy servers, the use of measures to detect the physical location of fantasy contestants, and guidelines for advertising and promotions. Chapter 38 outlines requirements for securing and managing fantasy contestant accounts, including verification of identity, audit logs, and restrictions on fund availability. Chapter 39 governs the registration process for fantasy contestants, including the collection of personal information and the prevention of multiple accounts. Chapter 40 establishes rules for fantasy contest operators regarding contestant funds and required reserves, including the prohibition of credit extension and the maintenance of a reserve account. Chapter 41 outlines requirements for licensee records, annual reporting, and audits, including the maintenance of fantasy contestant account records and the submission of annual reports. Chapter 42 governs the investigation and resolution of complaints received by the director of the Gambling Control Unit, including the requirement for operators to provide contact information and maintain records of complaints and disputes. Finally, Chapter 43 establishes procedures for the collection of payments related to fees, fines, charges, and penalties authorized by Maine Revised Statutes, including the submission of 10 percent of gross fantasy contest revenues by operators with revenues of $100,000 or greater. These documents apply to fantasy contest operators, fantasy contestants, and the relevant regulatory authorities in the state of Maine. No specific exemptions are mentioned, and penalties for non-compliance include denial of licensure, fines, and other disciplinary actions.
Whom does it apply to?
Fantasy contest operators, fantasy contestants, the director of the Gambling Control Unit, the Commissioner of Public Safety
What does it govern?
License fee and renewal process for fantasy contest operators, requirements and information for license application, definitions of terms related to fantasy contests, regulation of fantasy contests by the Gambling Control Unit, regulation of fantasy contestant accounts, registration process for fantasy contestants, regulation of fantasy contestant funds and required reserves, licensee records, annual reporting, and audits for fantasy contest operators, investigation and resolution of complaints, collection of payments related to fees, fines, charges, and penalties
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for violations of the Maine Revised Statutes and rules adopted pursuant to Chapter 33 include denial of licensure, refusal to renew a license, limitation or restriction of a license, suspension or revocation of a license, fines, and imposition of investigation and hearing costs.
Jurisdiction
Maine