Section R. 432.541c - Fantasy contest player account classificationRule 541c. Unless otherwise determined by the board, both of the following apply to the classification of fantasy contest player accounts:
(a) An account that can be used only to conduct games or activities other than fantasy contests, as that term is defined in section 2 of the act, MCL 432.502, is not considered a fantasy contest player account and is not subject to requirements of the act and these rules related to fantasy contest player accounts, except as otherwise determined by the board. This may include, but is not limited to, an account that can be used only to conduct games or activities that are similar to fantasy contests but that lack an entry fee.(b) A fantasy contest operator or licensed management company may elect to delay classification of an account as a fantasy contest player account until such time as the individual account holder requests to make his or her first deposit or attempts to enter or participate in his or her first fantasy contest, whichever occurs first, subject to all of the following conditions:(i) The point at which the account is classified as a fantasy contest player account is considered the point at which the fantasy contest player account is established or created for purposes of the act and these rules.(ii) The fantasy contest operator or licensed management company must adopt commercially reasonable procedures and internal controls to ensure that all applicable requirements of the act and these rules are met before allowing the individual to make his or her first deposit or enter or participate in his or her first fantasy contest, whichever occurs first. This includes, but is not limited to, commercially reasonable procedures and internal controls designed to ensure all of the following: (A) A person that is prohibited from establishing a fantasy contest player account under the act and these rules is prevented from establishing a fantasy contest player account, from making a deposit, and from entering or participating in a fantasy contest. This includes, but is not limited to, a person prohibited from establishing a fantasy contest player account under R 432.532a to R 432.532g.(B) A person is prevented from entering or participating in any fantasy contest the person is prohibited from entering or participating in under the act and these rules, including, but not limited to, R 432.532a to R 432.532g.(C) An individual is limited to a single, non-transferrable, and unique fantasy contest player account in accordance with R 432.541.(D) An individual's age and identity are verified in accordance with R 432.541a before the individual is allowed to create a fantasy contest player account.(E) An individual agrees to the terms and conditions established under R 432.542 before establishing a fantasy contest player account.(F) Compliance with all requirements of R 432.544.(G) A fantasy contest player is prevented from transferring funds from his or her fantasy contest player account to an account that is not classified as a fantasy contest player account under this subrule, whether the account is held by the fantasy contest player or another individual.(iii) An account must be classified as a fantasy contest player account and must meet applicable requirements of the act and these rules before it can be used to enter or participate in any tournament, bonus, or promotion involving fantasy contests.(iv) Once an account is classified as a fantasy contest player account, it must remain classified as a fantasy contest player account.(v) The fantasy contest operator or licensed management company must meet any other conditions considered appropriate by the board.Mich. Admin. Code R. 432.541c
2023 MR 20, Eff. 10/11/2023