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

Obtaining a Fantasy Sports License in Nevada

According to the Nevada Gaming Control Act and regulations, operating a daily fantasy sports (DFS) activity in Nevada without the appropriate license is illegal [1][2]. Therefore, to obtain a fantasy sports license in Nevada, you must comply with the state’s licensing requirements.

The Nevada Gaming Control Board (NGCB) is responsible for regulating and licensing fantasy sports operators in the state. To obtain a license, you must submit an application to the NGCB and meet the following requirements:

  • The applicant must be a business entity registered in Nevada.
  • The applicant must have a minimum of $10,000 in working capital.
  • The applicant must have a system in place to verify the age and location of players.
  • The applicant must have a system in place to prevent employees and their relatives from participating in the fantasy sports contests.
  • The applicant must comply with all applicable laws and regulations [2].

Additionally, the NGCB may require the applicant to provide additional information or documentation as part of the licensing process [2].

It is important to note that the licensing requirements and process may vary depending on the state. Therefore, if you are interested in obtaining a fantasy sports license in a state other than Nevada, you should consult with the relevant regulatory agency to determine the specific requirements and process.

In summary, to obtain a fantasy sports license in Nevada, you must comply with the state’s licensing requirements, which include being a registered business entity in Nevada, having a minimum of $10,000 in working capital, and having systems in place to verify the age and location of players and prevent employees and their relatives from participating in the contests [2].

Source(s):
Jurisdiction

Nevada