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Can you summarize 491 IAAC 14.8?
FANTASY SPORTS CONTESTS > Fantasy sports contest service provider requirements.
Short Summary
This document outlines the requirements for fantasy sports contest service providers operating in Iowa. The document covers various aspects, including internal controls, records, reporting, technical and testing requirements, and operating requirements. Fantasy sports contest service providers are required to submit a description of internal controls to the administrator for approval. They must also comply with measures to prevent employees and their relatives from competing in contests, verify the age of players, restrict entries from individuals participating in the subject game or contest, provide a complaint mechanism for players, and ensure the protection of personal information. The document also addresses record-keeping, reporting obligations, technical and testing requirements, and limitations on the number of websites or platforms. Additionally, it sets operating requirements such as timely payment of winnings, player fund withdrawals, account closure procedures, employee participation restrictions, and prohibition of sharing confidential information. Overall, the document aims to ensure the integrity and fairness of fantasy sports contests and protect the interests of players.
Whom does it apply to?
Fantasy sports contest service providers operating in Iowa
What does it govern?
Requirements for fantasy sports contest service providers
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance or violation of the document's provisions are not specified.
Jurisdiction
Iowa