A fantasy contest licensee may offer a fantasy contest only under all of the following conditions:
- (1) The value of all prizes or awards offered to winning participants is established and made known in advance of the fantasy contest.
- (2) The value of the prize or award is not determined by the number of participants or the amount of fees paid by the participants.
- (3) The winning outcome reflects the relative knowledge and skill of the participant.
- (4) The winning outcome is not based on the score, point spread or performance of a single actual team or combination of teams, or solely on a single performance of an individual athlete or player in a single actual event.
- (5) The winning outcome is based on statistical results accumulated from fully completed athletic sports contests or events, except that participants may be credited for statistical results accumulated in a suspended or shortened sports event which has been partially completed on account of weather or other natural or unforeseen event.