KRS § 230.832 Duties of fantasy contest service providers -- Requirements. (Effective July 15, 2026)

230.832 Duties of fantasy contest service providers -- Requirements. (Effective July 15, 2026) Fantasy contest service providers shall: (1) Implement procedures to prevent fraud, abuse, and money laundering; (2) Establish technical and operational measures to prevent underage participation in a fantasy contest; (3) Deploy identity verification procedures, which may require the use of a reputable independent third party that can: (a) Verify a person's personally identifiable information; and (b) Detect potential prohibited participants; (4) Employ mechanisms on the fantasy contest service provider's platform that are designed to detect and prevent: (a) Unauthorized accounts; (b) Fraud; (c) Money laundering; and (d) Collusion; and (5) Make all commercially and technologically reasonable efforts to promptly notify the corporation of: (a) A confirmed breach of the relevant sport's governing body's internal rules and codes of conduct, if provided to the fantasy contest service provider, pertaining to participation in real-money fantasy contests; (b) Any conduct that corrupts any outcome related to a sporting event or sporting events for purposes of financial gain, including match fixing; and (c) Confirmed illegal activities, including use of funds derived from illegal activity, entries to conceal or launder funds derived from illegal activity, multi-accounting, and using false identification. Effective: July 15, 2026 History: Created 2026 Ky. Acts ch. 184, sec. 5, effective July 15, 2026.