Indiana Code 4-33-24-24. Financial reserves
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Terms Used In Indiana Code 4-33-24-24
- game operator: means a person who:
Indiana Code 4-33-24-5
- paid fantasy sports game: means any fantasy or simulation sports game or contest that meets the following conditions:
Indiana Code 4-33-24-9
Sec. 24. For the protection of the funds of game participants held in paid fantasy sports game accounts, a game operator shall maintain a reserve in the form of cash, cash equivalents, an irrevocable letter of credit, a bond, or a combination of these sources that is equal to the amount of money deposited in paid fantasy sports game accounts of game participants.
As added by P.L.212-2016, SEC.2.