- (a) These rules shall only apply to fantasy sports contests when an entry fee is paid by a player for participation in a fantasy sports contest.
(b) These rules shall not apply to contests where one or more of the following is true:
- (1) No prize is awarded other than game-based virtual currency that cannot be redeemed for cash, merchandise or something else that has value outside the context of gameplay;
- (2) The contest is free to all participants;
- (3) The entity offering the contest receives no compensation in connection with the contest regardless of the outcome of the contest; or
- (4) The prize or prizes offered are of no greater value than the lowest individual fee charged to a single participant for entering or participating in the contest.
- (c) Nothing in this regulation may be interpreted as authorizing a wager, bet, or gambling activity that is otherwise prohibited by law.
Source. #12479, eff 2-15-18