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Can you summarize MOCS Title 11, Division 45, Chapter 40?
MISSOURI GAMING COMMISSION > Fantasy Sports Contests
Short Summary
The provided legal document content covers various aspects of fantasy sports contests in Missouri. It includes requirements for obtaining a fantasy sports contest operator (FSCO) license, such as submitting the FSCO Personal Disclosure Form and the FSCO Renewal Form. The documents also outline the process for the approval of procedures for FSCOs, requiring written descriptions and supporting documents to be submitted to the Missouri Gaming Commission. Licensed operators are not allowed to alter their approved procedures without the commission’s approval. The documents also address the dissemination of the List of Disassociated Persons (DAP List) and the confidentiality of the information. Licensed operators and applicants have a duty to disclose any material changes in the information provided in their application forms and requested materials. The operational requirements for FSCOs include maintaining complaint reporting systems, security standards, age verification measures, parental control procedures, and methods to determine the geographical position of players. The documents also establish requirements for the segregation of player funds and the maintenance of proper records and record retention. Audits of licensed operators’ financial statements are required to ensure compliance. The documents provide definitions for terms related to fantasy sports contests, such as FSCO, FSC, and prize. No specific exemptions or penalties are mentioned in the documents.
Whom does it apply to?
Individuals, entities, or divisions of corporate entities seeking a fantasy sports contest operator (FSCO) license in Missouri, licensed operators of fantasy sports contests, applicants for FSCO licenses, and players participating in fantasy sports contests
What does it govern?
Requirements for obtaining a fantasy sports contest operator (FSCO) license, approval of procedures for FSCOs, responsibilities of licensed operators and applicants, operational requirements for FSCOs, segregated account requirements for player funds, calculation and filing of annual operation fee, records and record retention requirements, standards for audits of licensed operators, and definitions of terms related to FSCs
What are exemptions?
No specific exemptions are mentioned in the documents.
What are the Penalties?
No specific penalties are mentioned in the documents.
Jurisdiction
Missouri