State #12 Legalizes Daily Fantasy Sports. 6 Bits informed:intel from the Bill
Vermont becomes the 12th state to legalize daily fantasy sports.
S 136 in Vermont sets up a regulatory framework that:
- Delegates to the State Attorney General and Excutive Branch power to establish a registration fee and tax for daily fantasy sports
- Defines fantasy sports to concern knowledge and skill of the player
- Requires daily fantasy sports companies to establish commercially reasonable policies to prevent employees and professional athletes from participating
- Requires players to be over 18
- Data security measures for fantasy sports data
- Require 3rd party indpendent audits
The other states with daily fantasy sports regulations:
- New York
- Massachusetts
- Tennessee
- Mississippi
- Colorado
- Missouri
- Indiana
- Virginia
- Kansas
- Maryland
- Arkansas
- + Nevada which requires a gaming license
Vermont S 136 (2017)
Legal Sports Report | An Even Dozen: Daily Fantasy Sports Now Legal In 12 States After Vermont Enacts Law
National Law Review | Vermont Becomes Second State to Legalize Daily Fantasy Sports in 2017