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Can you summarize 8 MERS Chapter 33?
AMUSEMENTS AND SPORTS > REGULATION OF FANTASY CONTESTS
Short Summary
These legal documents pertain to the regulation of fantasy contests in the state of Maine. They establish the conditions for licensure for fantasy contest operators and outline various requirements that must be met for obtaining and maintaining a license. The requirements include preventing operators and related individuals from participating in their own contests, prohibiting the sharing of confidential information, ensuring that winning outcomes are not solely based on the performance of a single team or individual, restricting certain individuals from participating, verifying the age of contestants, providing parental control procedures, offering information on responsible play and seeking assistance for compulsive behavior, disclosing the number of contest entries allowed, allowing individuals to self-restrict from entering contests, prohibiting contests on prohibited sports events, limiting contestants to one active account, protecting contestant information and accounts, and prohibiting the extension of credit to contestants. The documents also prohibit fantasy contests based on high school or under-18 athletic events, require notice of prizes to be provided, mandate the segregation of contestant funds, maintenance of a reserve account, and annual independent audits. Additionally, fantasy contest operators must submit an annual report to the director, including information on accounts, entry fees, prizes, revenues, and self-restriction requests. The director is authorized to conduct financial audits if necessary. The documents also establish the powers and duties of the director in administering and enforcing the regulations. The director has the authority to issue or deny applications, review applicant qualifications, collect fees and revenues, adopt necessary rules, investigate complaints, impose sanctions and penalties for violations, review and approve platforms for compliance, and conduct financial audits of licensees. Non-compliance with the provisions may result in sanctions, penalties, and costs of investigation and hearing. The documents also provide definitions for various terms related to fantasy contests and specify the licensing requirements, application process, fees, and grounds for denial, suspension, or revocation of a license. Appeals can be made to the Commissioner of Public Safety and then to the Superior Court. Overall, these documents establish the regulatory framework for fantasy contest operators in Maine.
Whom does it apply to?
Fantasy contest operators, individuals, businesses, organizations, agents, employees
What does it govern?
Regulation of fantasy contests
What are exemptions?
No exemptions mentioned
What are the Penalties?
Fines of up to $1,000 per violation or fines not exceeding $5,000 for violations arising from the same transaction or occurrence
Jurisdiction
Maine