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Can I obtain a fantasy sports license in Rhode Island? What are the requirements?
To operate a fantasy sports contest in Rhode Island, you need to obtain a license from the Rhode Island Department of Business Regulation, Division of Gaming and Athletics Licensing [2.1].
Requirements for Fantasy Sports License
To obtain a fantasy sports license in Rhode Island, you must meet the following requirements [2.1]:
- Pay a non-refundable application fee of $5,000
- Submit a completed application form
- Provide a list of all persons or entities with a financial interest in the fantasy sports contest
- Provide a description of the methods used to verify that players are at least 18 years old
- Provide a description of the methods used to prevent employees and their family members from participating in the fantasy sports contest
- Provide a description of the methods used to prevent players from participating in the fantasy sports contest from outside Rhode Island
- Provide a description of the methods used to prevent players from participating in the fantasy sports contest who have self-excluded from gambling activities
- Provide a description of the methods used to prevent players from participating in the fantasy sports contest who have been identified as problem gamblers
- Provide a description of the methods used to ensure the integrity of the fantasy sports contest
- Provide a description of the methods used to ensure the security of player funds
- Provide a description of the methods used to ensure the accuracy of scoring and results
- Provide a description of the methods used to ensure the transparency of the fantasy sports contest
- Provide a description of the methods used to ensure compliance with all applicable laws and regulations
Source(s):
- [2.1] License required.
Jurisdiction
Rhode Island