Examples of Fantasy sports operator in a sentence
A Fantasy sports operator shall not allow a player to transfer funds from one player account to any other player account through its fantasy sports contest platform.
In order to be eligible for a deposit limit increase, a player must demonstrate, to the Fantasy sports operator’s reasonable satisfaction, that he or she qualifies for an increase under policies and procedures established by the Fantasy sports operator, based on the player’s annual income or net worth.
A Fantasy sports operator may maintain a reserve in the form of cash, cash equivalents, payment processor reserves and receivables, an irrevocable letter of credit, a bond, or a combination thereof to protect player funds.
The Fantasy sports operator must enter into and execute an escrow fund agreement, the form for which is available from the Sports Wagering Council.
No later than the first day of the seventh month following the close of the Fantasy sports operator’s fiscal year in which the Fantasy sports operator was licensed, the Fantasy sports operator shall submit a full and complete copy of the audit prepared pursuant to T.C.A.
The Fantasy sports operator should implement procedures to disable account access if the Fantasy sports operator receives information that an account is being accessed from a location that indicates that there is a likelihood of unauthorized or improper access.
A Fantasy sports operator who solely operates season-long fantasy sports contests may establish a qualified escrow fund account for the benefit and protection of players’ funds.
Fantasy sports operator employees, Fantasy sports operator contractors, and any spouse, children, or parents of any sports operator employee or contractor.
The corporate entity must be prohibited from dissolving, merging or consolidating with another company (other than a special purpose corporate entity established by another Fantasy sports operator that meets the requirements of this section) while there are unsatisfied obligations to fantasy sports players.
A Fantasy sports operator may establish a special purpose segregated account that is maintained and controlled by a properly constituted corporate entity that is not the Fantasy sports operator and whose governing board includes one or more corporate directors who are independent of the Fantasy sports operator and of any corporation related to or controlled by the Fantasy sports operator.