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36.09.01.00.htm
| 36.09.01.00. Title 36 MARYLAND STATE LOTTERY AND GAMING CONTROL AGENCY Subtitle 09 ONLINE FANTASY COMPETITION Chapter 01 Fantasy Competition Authority: State Government Article, §9-1D-01, Annotated Code of Maryland; Ch. 853, Acts of 2018 |
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36.09.01.01.htm
| 36.09.01.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) “Beginner player” means any fantasy competition player who:. a) Has entered fewer than 51 fantasy competitions offered by a single fantasy competition operator; andb) Does not meet the definition of highly experienced player.. 2) “Entry fee” means cash or cash equivalents that may be required to be paid by a fantasy competition player to a fantasy competition operator in ord |
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36.09.01.02.htm
| 36.09.01.02. 02 Prohibition on Fantasy Competition Play.. Participation in a fantasy competition for which there is an entry fee is prohibited for:. A. A minor;. B. A Commission member;. C. An officer or an employee of the Agency;. D. An individual who lives in the same principal residence as a Commission member or an officer or employee of the Agency and is the member’s, officer’s, or employee’s:1) Spouse or domestic partner;. 2) Child;. 3) Sibling; or. 4) Parent or parent-in-law; or. |
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36.09.01.03.htm
| 36.09.01.03. 03 Prohibition on Fantasy Competition Kiosks.. Fantasy competition operators may not permit players to enter a competition using a kiosk or machine physically located within a retail business location. |
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36.09.01.04.htm
| 36.09.01.04. 04 Restrictions on Fantasy Competition Play by Individuals Associated with Operators.. A. Except as provided in §B of this regulation an employee, principal, officer, director, or contractor of a fantasy competition operator, or a member of that individual’s immediate family, is prohibited from participating in a fantasy competition offered by any fantasy competition operator; andB. Exception. An individual associated with a fantasy competition operator may participate in a fant |
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36.09.01.05.htm
| 36.09.01.05. 05 Prohibition on Fantasy Competition Play by Athletes and Others.. A. An athlete, sports agent, team employee, referee, or league official, or a member of that individual’s immediate family, is prohibited from entering fantasy competitions based on underlying sporting events in which the individual is a participant.B. An athlete, sports agent, team employee, referee, or league official, or a member of that individual’s immediate family, may not enter fantasy comp |
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36.09.01.06.htm
| 36.09.01.06. 06 Self Exclusion.. A. An individual may request exclusion from entering a fantasy competition by submitting to the fantasy competition operator a self-exclusion request using a self-exclusion tool provided by the operator on its website.B. If an individual requests exclusion, the fantasy competition operator shall take reasonable measures to prevent that individual from entering a fantasy competition. |
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36.09.01.07.htm
| 36.09.01.07. 07 Limits on Deposits.. A. This regulation does not apply to season-long fantasy competitions.. B. Except as provided in §C of this regulation, a fantasy competition player may not deposit more than $5,000 in a single calendar month with a fantasy competition operator.C. Exception. A fantasy competition player may request a fantasy competition operator to temporarily or permanently increase a deposit limit above $5,000 per calendar month only if:1) The fantasy competitio |
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36.09.01.08.htm
| 36.09.01.08. 08 Prohibition on Extensions of Credit.. A fantasy competition operator may not extend credit to a fantasy competition player.. |
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36.09.01.09.htm
| 36.09.01.09. 09 Prohibition on Fantasy Competitions Based on Amateur Sports.. A fantasy competition operator may not offer a fantasy competition based on a sporting event featuring amateur athletes who are primarily under 18 years old. |
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36.09.01.10.htm
| 36.09.01.10. 10 Ensuring Fair Outcomes in Fantasy Competitions.. A. Fantasy Competition Scripts.. 1) A fantasy competition operator may not permit the use of unauthorized scripts on a fantasy competition platform and shall use commercially reasonable efforts to monitor for and prevent use of such scripts.2) For the purpose of §A(1) of this regulation, scripts shall be treated as offering a competitive advantage if potential uses include:a) Facilitating changes in many line ups at one time;. |
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36.09.01.11.htm
| 36.09.01.11. 11 Financial Account Protections.. A. A fantasy competition operator shall hold a fantasy competition player’s funds:. 1) In a segregated account that separates player funds from the operational funds of the operator; or2) In a special-purpose, segregated account that is maintained and controlled by a properly constituted corporate entity that:a) Is not the fantasy competition operator;. b) Has a governing board that includes one or more corporate directors who |
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36.09.01.12.htm
| 36.09.01.12. 12 Notification.. A. Before offering services in connection with a fantasy competition to players physically located in Maryland, a fantasy competition operator shall notify the Commission that the fantasy competition operator is qualified to do business in the State.B. The notification to the Commission shall include:. 1) The name and principal address of the fantasy competition operator;. 2) If a corporation, the state of incorporation and the full name and addre |
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36.09.01.13.htm
| 36.09.01.13. 13 Financial Auditing.. A. A fantasy competition operator that conducts competitions that require an entry fee and that generates gross annual revenues of $250,000 or more shall have a financial audit performed annually by a certified public accountant.B. The certified public accounting firm that conducts the financial audit shall:. 1) Comply with generally accepted accounting principles; and. 2) Submit the financial audit report to the Commission within 180 days of t |
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36.09.01.14.htm
| 36.09.01.14. 14 Tax Laws and Disclosures.. A. A fantasy competition operator shall comply with all applicable tax laws and regulations.. B. A fantasy competition operator shall disclose tax reporting and withholding requirements to fantasy competition players before the fantasy competition begins and again at the time of award of any prize in excess of $600. |
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36.09.01.15.htm
| 36.09.01.15. 15 Advertising.. Fantasy competition operator advertisements may not depict:. A. Minors, except professional athletes who may be minors;. B. Students;. C. Schools or colleges; or. D. School or college settings.. |
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36.09.01.9999.htm
| 36.09.01.9999. Administrative History Effective date: January 14, 2019 (46:1 Md. R. 13). Regulation .06 amended effective October 7, 2019 (46:20 Md. R. 848). Regulation .07 amended effective October 7, 2019 (46:20 Md. R. 848). Regulation .09 amended effective October 7, 2019 (46:20 Md. R. 848). Regulation .11A amended effective October 7, 2019 (46:20 Md. R. 848). Regulation .13 amended effective October 7, 2019 (46:20 Md. R. 848). |
