Mich. Comp. Laws § 432.501
Short title.
This act shall be known and may be cited as the "fantasy contests consumer protection act".
Michigan Compiled Laws — FANTASY CONTESTS CONSUMER PROTECTION ACT (Act 157 of 2019)
Michigan · statute · 157 of 2019, Mich. Comp. Laws · 16 active provisions
Mich. Comp. Laws § 432.502
Definitions.
As used in this act: (a) "Athletic event" means a real world professional, collegiate, or nationally recognized sports game, contest, or competition that involves the physical exertion and skill of the participating individual athletes, as to which each participant is physically present at the location in which the spo…
Mich. Comp. Laws § 432.503
Fantasy contest operator license; exception; application; fee.
(1) Except as otherwise provided in this section, a person shall not offer fantasy contests in this state unless the person is a licensed fantasy contest operator. (2) An individual may offer, solely from his or her private residence, 1 or more fantasy contests, if none of the contests are made available to the general…
Mich. Comp. Laws § 432.504
Fantasy contest procedures and internal controls; board approval; confidentiality.
(1) As a condition of licensure, a fantasy contest operator must submit to, and receive approval from, the board commercially reasonable procedures and internal controls intended to accomplish all of the following: (a) Prevent the fantasy contest operator, its owners, directors, officers, and employees, and any relativ…
Mich. Comp. Laws § 432.505
Independent audit.
By July 1 of each year, a licensed fantasy contest operator shall contract with a certified public accountant to perform an independent audit in accordance with generally accepted accounting principles of the financial condition of the licensed fantasy contest operator's total operations for the previous fiscal year an…
Mich. Comp. Laws § 432.506
Minor participation; prohibit.
A fantasy contest operator shall prohibit an individual who is less than 18 years of age from participating in a fantasy contest.
Mich. Comp. Laws § 432.507
Use of script; false, deceptive, or misleading advertising; prohibit.
A licensed fantasy contest operator shall not do any of the following: (a) Allow the use of a script unless the script is made readily available to all fantasy contest players. (b) Employ false, deceptive, or misleading advertising, or advertising that is not based on fact. (c) Target, in advertising or promotions, eit…
Mich. Comp. Laws § 432.508
Offering of fantasy contest; location limitations; exception.
(1) A fantasy contest must not be offered on, at, or from any of the following: (a) A kiosk or machine physically located in a retail business location, bar, restaurant, or other commercial establishment. (b) A place of public accommodation. (c) A facility owned, operated, or occupied by a private club, association, or…
Mich. Comp. Laws § 432.509
Resources for compulsive gaming behavior; website availability; player access to playing history and fees expended.
(1) A licensed fantasy contest operator shall make available on the licensed fantasy contest operator's website information about resources relating to compulsive gaming behavior including a telephone number or link to information on compulsive gaming behavior and where to seek assistance for compulsive gaming behavior…
Mich. Comp. Laws § 432.510
Rules.
The board shall promulgate rules to implement this act under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, including, but not limited to, rules that address all of the following: (a) Requiring a fantasy contest operator to implement commercially reasonable procedures to prohibit access t…
Mich. Comp. Laws § 432.511
Maintenance, retention, and organization of records; confidentiality.
(1) A licensed fantasy contest operator shall retain and maintain in a place secure from theft, loss, or destruction all of the records required to be maintained under this act and the rules promulgated under this act for at least 3 years after the date of the record's creation. (2) A licensed fantasy contest operator…
Mich. Comp. Laws § 432.512
Suspension, revocation, or restriction of license; violation; fines.
(1) The board may suspend, revoke, or restrict the license of a fantasy contest operator that violates this act, a rule promulgated under this act, or an order of the board. (2) The board may impose a civil fine of not more than $20,000.00 for a violation of this act, a rule promulgated under this act, or an order of t…
Mich. Comp. Laws § 432.513
Prohibited conduct; violation; crime; penalties.
(1) A person shall not do any of the following: (a) Except as otherwise provided in section 3, offer a fantasy contest in this state unless the person is licensed by the board. (b) Knowingly make a false statement on an application for a license to be issued under this act. (c) Knowingly provide false testimony to the…
Mich. Comp. Laws § 432.514
Report of monthly fantasy contest adjusted revenues; tax; exception; fantasy contest fund; failure to remit; penalties; state school aid fund.
(1) A fantasy contest operator shall report to the board and pay from its monthly fantasy contest adjusted revenues, on a form and in the manner prescribed by the board, a tax of 8.4% of its monthly fantasy contest adjusted revenues. This subsection does not apply to a person running a contest solely from his or her pr…
Mich. Comp. Laws § 432.515
Application of Michigan penal code.
A fantasy contest conducted under this act does not violate the Michigan penal code, 1931 PA 328, MCL 750.1 to 750.568. This act does not create an exemption to a violation of chapter XLIV of the Michigan penal code, 1931 PA 328, MCL 750.301 to 750.315a.
Mich. Comp. Laws § 432.516
Fantasy contest fund.
(1) The fantasy contest fund is created in the department of treasury. (2) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall cre…