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Can I obtain a fantasy sports license in Colorado? What are the requirements?

Fantasy Sports License in Colorado

Colorado law allows for fantasy sports contests to be conducted legally in the state. However, there is no specific license required to operate a fantasy sports contest in Colorado. Instead, fantasy sports operators must comply with certain regulations and requirements set forth by the Colorado Division of Gaming.

According to [1.1], the Colorado Division of Gaming issues three classifications of sports betting licenses: Master license, Sports betting operator, and Internet sports betting operator. However, these licenses are specific to sports betting and not fantasy sports contests.

Therefore, to operate a fantasy sports contest in Colorado, operators must comply with the following regulations and requirements:

  • Operators must register with the Colorado Secretary of State’s office and pay a registration fee.
  • Operators must ensure that all participants are at least 18 years old.
  • Operators must implement procedures to prevent employees and their family members from participating in contests.
  • Operators must implement procedures to prevent the sharing of confidential information.
  • Operators must implement procedures to prevent the use of automated scripts or other tools to gain an unfair advantage.
  • Operators must implement procedures to ensure that contests are fair and that all participants have an equal chance of winning.

Additionally, operators must comply with any other regulations or requirements set forth by the Colorado Division of Gaming or other relevant regulatory agencies.

[3.1] indicates that the Office of Fantasy Contest Operator Licensing and Registration was repealed on October 30, 2020. Therefore, there is no longer a specific office for licensing and registration of fantasy sports operators in Colorado.

In summary, there is no specific license required to operate a fantasy sports contest in Colorado. However, operators must comply with certain regulations and requirements to ensure that their contests are conducted legally and fairly.

Source(s):
Jurisdiction

Colorado