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Can you summarize 8 ALCA Chapter 19F?
COMMERCIAL LAW AND CONSUMER PROTECTION. > FANTASY CONTESTS ACT.
Short Summary
The provided legal document, known as the Fantasy Contests Act, governs the operation of fantasy contests in the state of Alabama. It applies to fantasy contest operators who offer fantasy contests with an entry fee. The document outlines several requirements that fantasy contest operators must implement. These requirements include preventing employees and relatives living in the same household from competing in public fantasy contests offered by any operator that offers cash prizes to the general public, preventing the sharing of confidential information until it is made publicly available, verifying that players are 19 years of age or older, prohibiting contests based on high school or youth athletic events, establishing and disclosing all prizes and awards offered in advance, ensuring that winning outcomes are not solely based on the performance of a single team or individual athlete, restricting real-world game or sporting event players from participating in related fantasy contests, allowing individuals to self-restrict from entering fantasy contests, disclosing the number of entries allowed per player and preventing excessive submissions, segregating player funds from operational funds or maintaining a reserve equal to or exceeding player funds, contracting with a third party for an annual independent audit, and not targeting minors or excluded players in advertising. The document does not specify penalties for non-compliance or violations.
Whom does it apply to?
Fantasy contest operators who offer fantasy contests with an entry fee
What does it govern?
The operation and regulation of fantasy contests in the state of Alabama
What are exemptions?
No specific exemptions are mentioned in the document
What are the Penalties?
No specific penalties are mentioned in the document
Jurisdiction
Alabama