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Can you summarize 491 IAAC 14.13?
FANTASY SPORTS CONTESTS > Problem gambling.
Short Summary
This section of the Iowa Administrative Code governs the policies and procedures that licensees operating fantasy sports contests in Iowa must adopt and implement. The document outlines several requirements, including the identification of compulsive play, compliance with the process established by the commission, cooperation with the Iowa gambling treatment program, and providing information to customers about assistance for compulsive play. It also mandates the implementation of processes for players to impose limitations or notifications for deposits and monetary participation, as well as self-exclusion for a specified period of time or indefinitely. In the case of indefinite self-exclusion, the licensee must ensure that the player is paid in full for their account balance. Additionally, licensees are required to include the statewide telephone number of the Iowa Department of Public Health on their internet site or mobile application for problem gambling information. Money forfeited by voluntarily excluded individuals must be withheld by the licensee and remitted to the general fund of the state. The document also references the statewide self-exclusion program and the deactivation of accounts for newly enrolled participants. Overall, this document aims to promote responsible gaming and address problem gambling in the context of fantasy sports contests in Iowa.
Whom does it apply to?
Licensees operating fantasy sports contests in Iowa
What does it govern?
Policies and procedures related to problem gambling in fantasy sports contests
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Iowa