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Can you summarize MTCO Title 23, Chapter 5, Part 8?
GAMBLING > Fantasy Sports Leagues
Short Summary
The provided legal document governs fantasy sports leagues. It applies to persons or groups participating in fantasy sports leagues. Fantasy sports leagues are a form of gambling where a limited number of individuals or groups pay an entrance fee to become members of the league. Each member creates a fictitious team composed of athletes from a professional sport. The selection of players can be done through random drawings, bidding, or selection from a prepared roster. Interim replacement of players may occur through trade or purchase, with a specific fee charged for each transaction. The league rules define a method for teams to compete against each other, and points are awarded based on the performance of individual players or teams. League members may be eligible for payouts based on accumulated points, which can be in the form of cash or prizes. The parimutuel network, as defined in 23-4-101, is responsible for distributing all funds wagered on fantasy sports leagues in any wagering pool according to the requirements of 23-4-302 and 23-4-304. Fantasy sports leagues operated under Title 23, chapter 4 are exempt from certain provisions. Violation of the provisions outlined in this document is considered a misdemeanor and is punishable under 23-5-161. No specific penalties are mentioned in this document.
Whom does it apply to?
Persons or groups participating in fantasy sports leagues
What does it govern?
Fantasy sports leagues
What are exemptions?
Fantasy sports leagues operated under Title 23, chapter 4
What are the Penalties?
Misdemeanor punishable under 23-5-161
Jurisdiction
Montana