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Can you summarize NHCAR Chapter Lot 4000?
Lottery Commission (Renumbered from rules of the former Sweepstakes Commission ( Sw ), and to be renumbered from the rules of the former Racing and Charitable Gaming Commission (Pari).) > FANTASY SPORTS CONTESTS
Short Summary
This legal document governs the registration requirements for fantasy sports contest operators offering fantasy sports contests with an entry fee in the state of New Hampshire. The document outlines the criteria that must be met for an application to be approved, including the completion of the application form, submission of all required supporting documentation, current and accurate information, authorization to transact business in New Hampshire, good standing with the New Hampshire department of revenue administration, absence of convictions for certain crimes within specified timeframes, compliance with accounting standards, establishment of consumer protection procedures, segregation of consumer funds, identification of highly experienced players, absence of materially false statements, and meeting other qualifications for licensure. The document also specifies the grounds for denial of an application, such as incomplete forms or documentation, inaccurate information, lack of authorization or good standing, criminal convictions, failure to comply with accounting standards or establish consumer protection procedures, failure to segregate consumer funds, failure to identify highly experienced players, presence of materially false statements, or failure to meet other qualifications for licensure. Each registration issued is valid for one year. Organizations must notify the commission if they no longer meet the licensure qualifications. This document implements specific state statutes related to fantasy sports contests. Any fantasy sports contest operator seeking to renew its registration shall submit updated and current copies of all of the documents required by Lot 4003.01 above to the commission no later than 45 days prior to the expiration of its current license. If at any time the information provided in accordance with the above changes, or is otherwise found to be inaccurate, the applicant shall submit updated or corrected information to the commission within 15 days of the event that resulted in the change, or discovery of the inaccuracy. These rules do not authorize any wager, bet, or gambling activity that is otherwise prohibited by law.
Whom does it apply to?
Fantasy sports contest operators offering fantasy sports contests with an entry fee in the state of New Hampshire
What does it govern?
Registration approvals and denials for fantasy sports contest operators in the state of New Hampshire
What are exemptions?
Contests where no prize is awarded other than game-based virtual currency, contests that are free to all participants, contests where the entity offering the contest receives no compensation, or contests where the prize or prizes offered are of no greater value than the lowest individual fee charged to a single participant
What are the Penalties?
No specific penalties are mentioned in the document
Jurisdiction
New Hampshire