Iowa § 99E.4 - 99E.4 Requirements of applicant — fee.

§ 99E.4. 99E.4 Requirements of applicant — fee.

1. An applicant for a license to conduct internet fantasy sports contests shall complete and sign an application on the form prescribed and published by the commission. The application shall include such information of the applicant that the commission deems necessary for purposes of issuing a license pursuant to this chapter. 2. An applicant shall submit fingerprints and information that the commission deems necessary to the commission in the manner prescribed on the application forms. The fingerprints may be submitted to the federal bureau of investigation by the department of public safety through the state criminal history repository for the purpose of a national criminal history check. The results of a criminal history record check conducted pursuant to this subsection shall be considered a confidential record under chapter 22. 3. Before a license is granted, the division of criminal investigation of the department of public safety shall conduct a thorough background investigation of the applicant for a license to conduct internet fantasy sports contests. The applicant shall provide information on a form as required by the division of criminal investigation. 4. The commission shall charge the applicant a reasonable fee set by the division of criminal investigation of the department of public safety, to defray those costs associated with the fingerprint and national criminal history check requirements of subsection 2 and background investigations conducted by agents of the division of criminal investigation as provided in subsection 3. These fees and costs are in addition to any other license fees and costs charged by the commission. The fees and costs received by the commission shall be deposited in the gaming enforcement revolving fund established in section 80.43. 5. The commission shall not grant a license to an applicant if there is substantial evidence that any of the following apply: a. A license issued to the applicant to conduct internet fantasy sports contests in another jurisdiction has been revoked, or a request for a license to conduct internet fantasy sports contests in another jurisdiction has been denied, by an entity licensing persons to conduct such contests in that jurisdiction. b. The applicant has not demonstrated financial responsibility sufficient to adequately meet the requirements of the enterprise proposed. c. The applicant does not adequately disclose the true owners of the enterprise proposed. d. The applicant has knowingly made a false statement of a material fact to the commission. e. The applicant has failed to meet a monetary obligation in connection with conducting an internet fantasy sports contest. f. The applicant is not of good repute and moral character or the applicant has pled guilty to, or has been convicted of, a felony. g. Any member of the board of directors of the applicant is not twenty-one years of age or older. 6. A person who knowingly makes a false statement on the application is guilty of an aggravated misdemeanor. 7. For the purposes of this section, “applicant” includes each member of the board of directors of an internet fantasy sports contest service provider. 2019 Acts, ch 132, §29, 45, 46 Referred to in §80.43, 99E.5 Wed Dec 10 22:37:53 2025 Iowa Code 2026, Section 99E.4 (8, 0)