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

To obtain a fantasy sports license in Vermont, you must comply with the requirements outlined in Title 9 Vermont Statutes, Chapter 63, Subchapter 11. Fantasy Sports Contests. [1.1][1.2][1.3][1.4][1.5]

The requirements include:

  • Registering with the Secretary of State and filing an annual registration form by October 15 of each year in which a fantasy sports contest is offered to consumers in Vermont. [1.1]
  • Adopting commercially reasonable policies and procedures to protect consumers and prevent fraud, including verifying the age of each player, limiting the number of entries a player may submit, and segregating player funds from operational funds. [1.2]
  • Contracting with a third party to perform an annual independent audit to ensure compliance with the requirements. [1.2]
  • Not extending credit to players or offering contests based on the performance of participants in college, high school, or youth athletic events. [1.2]
  • Complying with fair and truthful advertising standards, including not depicting minors or schools in advertisements and providing information about assistance available to problem gamblers. [1.5]

There are no specific requirements listed for obtaining a fantasy sports license in Vermont. However, you must comply with the above requirements to operate a fantasy sports contest in the state.

Source(s):
Jurisdiction

Vermont