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Can you summarize 97 MSCO Chapter 33, Fantasy Contest Act?
Gambling and Lotteries > Fantasy Contest Act
Short Summary
The Fantasy Contest Act in Mississippi governs the offering of fantasy contests with a fee in the state. It applies to operators and players of fantasy contests and establishes various requirements for operators to comply with. The Act prohibits contests based on the performance of participants in collegiate, high-school, or youth sports events and mandates compliance with audit procedures. Operators must also establish and disclose the values of prizes and awards. The Act requires operators to obtain a license from the commission to conduct fantasy contests in Mississippi and outlines the application process and fees. Violations of the Act may result in civil penalties. The Act also establishes the procedures for investigations and enforcement, including the role of the executive director and the commission. The document does not specify the penalties for non-compliance or violations related to licensure fees. Overall, the Fantasy Contest Act provides the framework and regulations for fantasy contests in Mississippi.
Whom does it apply to?
The Act applies to operators and players of fantasy contests in Mississippi.
What does it govern?
The Fantasy Contest Act governs the offering of fantasy contests with a fee in Mississippi.
What are exemptions?
The Act does not specify any exemptions.
What are the Penalties?
The Act states that a civil penalty for violating the Fantasy Contest Act should not exceed $1,000 for each separate violation, with a total penalty amount not exceeding $50,000.
Jurisdiction
Mississippi