Ask Reggi Your Question Now
Can you summarize 491 IAAC 14.9?
FANTASY SPORTS CONTESTS > Contest rules.
Short Summary
This document, part of the Iowa Administrative Code, pertains to the regulation of fantasy sports contests. It outlines the requirements for fantasy sports contest service providers and licensees. Prior to conducting a new type of fantasy sports contest, a fantasy sports contest service provider must submit proposed contest rules to the administrator for approval. The administrator has three business days to approve, deny, or request further information. If no action is taken within that period, the contest may be offered unless subsequent disapproval is issued. Once a contest is approved, it is available for all fantasy sports contest service providers unless disapproved by the administrator. Minor variations of an approved contest type, such as changes to the contest format, entry fee, prize structure, roster size, scoring system, or salary cap, do not require administrator approval. Licensees are required to comply with various provisions, including not targeting prohibited participants, establishing and disclosing prize values, prominently displaying introductory procedures for players, identifying highly experienced players, and prohibiting contests based on high school or youth sports events. The document also emphasizes the prohibition of cheating and the use of unauthorized third-party scripts. It requires the disclosure of maximum number of entries, limitations on the number of entries per player, and the opportunity for players to file a patron dispute. Additionally, licensees must disclose the source of data used in contest results. The document does not specify specific penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Fantasy sports contest service providers, licensees
What does it govern?
Fantasy sports contests
What are exemptions?
Minor variations of an approved contest type without seeking administrator approval
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Iowa