(1) The director may suspend, revoke, or refuse to renew the license or registration of or impose an administrative fine against a licensee or registrant if the fantasy contest operator, including a small fantasy contest operator:
Violates any order of the director, any provision of this part 16, or the rules established under this part 16;
Fails to meet the requirements for licensure under this part 16; or
Uses fraud, misrepresentation, or deceit in applying for or attempting to apply forlicensure or registration or otherwise in operating or offering to operate a fantasy contest.
(2) If it appears to the director, based upon credible evidence as presented in a written complaint, that a person is operating or offering to operate a fantasy contest without having obtained a registration or license, the director may issue an order to cease and desist the activity. The director shall set forth in the order the statutes and rules alleged to have been violated, the facts alleged to have constituted the violation, and the requirement that all unauthorized practices immediately cease. Within ten days after service of the order to cease and desist pursuant to this subsection (2), the person may request a hearing on the question of whether acts or practices in violation of this part 16 have occurred. The hearing shall be conducted pursuant to section 24-4105.
Source: L. 2020: Entire part added with relocations, (HB 20-1286), ch. 269, p. 1310, § 2, effective July 10.
Editor's note: This section is similar to former § 12-125-110 as it existed prior to 2020.