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Can you summarize OHRC Chapter 3774?
Health-Safety-Morals > Regulation Of Fantasy Contests
Short Summary
This legal document governs the recordkeeping requirements for fantasy contest operators in Ohio. It applies to fantasy contest operators, fantasy contest players, holding companies, key employees, and management companies. The document requires fantasy contest operators to retain and maintain accurate, complete, legible, and permanent records for at least five years. These records include information about the operator’s business and organizational structure, correspondence with regulatory agencies, financial statements, accounting records, audit records, records related to the conduct of fantasy contests in Ohio, materials used for advertising or promoting contests, and any other records required by the Ohio Revised Code. The records must be organized in a manner that allows the regulatory commission to locate, inspect, review, and analyze them easily. Fantasy contest operators must provide the commission with the required records upon request. The document does not specify any penalties for non-compliance or violations. Overall, this document ensures that fantasy contest operators maintain proper records to ensure transparency and regulatory compliance.
Whom does it apply to?
Fantasy contest operators, fantasy contest players, holding companies, key employees, and management companies
What does it govern?
Recordkeeping requirements for fantasy contest operators in Ohio
What are exemptions?
A person offering a pool not conducted for profit is exempt from being considered a fantasy contest operator
What are the Penalties?
Specific penalties for non-compliance or violation of the provisions are not mentioned in the document
Jurisdiction
Ohio