Mich. Admin. Code R. 432.532a

Current through Vol. 24-15, September 1, 2024

Section R. 432.532a - Beginning players and highly experienced players

Rule 532a.

(1) A licensed management company must classify a fantasy contest player as a highly experienced player if the fantasy contest player has done at least 1 of the following:

(a) Entered more than 1,000 fantasy contests offered by the licensed management company.

(b) Won more than three prizes each valued at $1,000.00 or more from the licensed management company.

(2) Once a fantasy contest player is classified as a highly experienced player by a fantasy contest operator or licensed management company, the fantasy contest player must remain classified as a highly experienced player.

(3) A fantasy contest operator or licensed management company must identify each highly experienced player by a symbol attached to the highly experienced player's username. The symbol must be clear and conspicuous to other fantasy contest players.

(4) A fantasy contest operator or licensed management company must do all of the following:

(a) Offer some fantasy contests that are open only to beginning players.

(b) Prohibit a fantasy contest player who is not a beginning player from entering a fantasy contest open only to beginning players as determined at the time of entry.

(c) Offer some fantasy contests that are open only to fantasy contest players other than highly experienced players.

(d) Prohibit a highly experienced player from entering a fantasy contest open only to fantasy contest players other than highly experienced players as determined at the time of entry.

(5) A fantasy contest operator or licensed management company must adopt introductory procedures for beginning players that must meet the following minimum conditions:

(a) The introductory procedures must be clearly and conspicuously available to a beginning player.

(b) The introductory procedures must include, but are not limited to, the following information:

(i) Information explaining how fantasy contests are played.

(ii) Information on how to identify highly experienced players.

(c) The introductory procedures must provide information on how to participate in fantasy contests that are open only to beginning players as a learning experience.

Mich. Admin. Code R. 432.532a

2023 MR 20, Eff. 10/11/2023