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Can you summarize AZRS 5-1208?
Requirements
Short Summary
This section of the Arizona Revised Statutes governs fantasy sports contests. It applies to licensed fantasy sports contest operators. The document outlines various requirements for licensed operators, including reporting changes to ownership information, retaining and maintaining records for at least three years, organizing records in a manner that enables provision to the department, and withholding obligations from accounts of individuals identified as owing an obligation. The document also establishes that information obtained under this section is confidential and privileged. Additionally, it specifies the order in which liabilities should be satisfied if an identified person has multiple obligations. However, specific penalties for non-compliance or violation of the document’s provisions are not mentioned.
Whom does it apply to?
Licensed fantasy sports contest operators
What does it govern?
Fantasy sports contests
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Arizona