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

To operate a fantasy sports contest in Wyoming, you need to obtain a sports wagering operator permit from the Wyoming Gaming Commission [1.1][2.2]. The following are the requirements to obtain a sports wagering operator permit:

Requirements for a Sports Wagering Operator Permit

  • Submit a uniform application furnished by the Commission [1.1][2.2].
  • Pay a permit fee of $100,000 for an initial sports wagering operator permit and $50,000 for a renewal permit [1.1][2.2].
  • Provide full name, current address, and contact information of the applicant [1.1][2.2].
  • Disclose each person who has control of the applicant [1.1][2.2].
  • Provide fingerprints and criminal history record check of the applicant and each individual disclosed under subsection (f) of this section [1.1][2.2].
  • Provide a record of previous issuances and denials of any gambling-related permit, license, or application in Wyoming or in any other jurisdiction in the United States for the applicant and each person disclosed under subsection (f) of this section [1.1][2.2].
  • Demonstrate financial responsibility sufficient to adequately meet the requirements of this chapter, as specified by rule of the commission [1.1][2.2].
  • Establish suitability for a permit by clear and convincing evidence [2.2].
  • The Commission shall deny an application under this section upon finding any of the following: (i) The applicant or permittee has been convicted of, forfeited bail on, or pleaded guilty to: (A) A crime involving theft, dishonesty, or fraud; (B) Bribery or unlawfully influencing a public official; (C) A felony crime involving physical harm to a person; or (D) Any other felony or misdemeanor that negatively impacts the applicant’s credibility or the security, integrity or fairness of online sports wagering. (ii) The applicant tampered with submitted documentation or concealed, failed to disclose, or otherwise attempted to mislead the Commission with respect to any material fact contained in the application or contained in any other information required of or submitted by an applicant to the Commission [2.2].

Additionally, individuals who directly impact the integrity of online sports wagering in Wyoming, including those who manage a sports wagering operation, must have an occupational permit [2.1].

Occupational Permit Requirements

  • An individual must have an occupational permit if his or her duties directly impact the integrity of online sports wagering in Wyoming [2.1].
  • The critical components of a sports wagering system will be defined by the technical standards and specifications adopted by the Commission [2.1].
  • All applications for a permit shall be filed with the Commission, who shall have the authority to issue the permit or hold the application for further investigation [2.1].
  • The Commission may request additional information not prescribed in the application form. The applicant shall provide all information, documents, materials, and certifications at the applicant’s sole expense and cost [2.1].
  • The Commission may grant a permit with special conditions, or for a limited period, or both [2.1].
  • Permits issued pursuant to these rules may not be transferred without prior approval by the Commission. The Commission reserves the right to terminate any permit and revoke the privileges of such permit whenever it finds sufficient evidence that a permittee has engaged in conduct that would result in a finding of failing to qualify for a permit if it were an applicant for a new permit [2.1].

In addition to the above requirements, sports wagering operators must comply with certain account review and account requirements [3.1][3.2].

Sports Wagering Account Review Requirements

  • All adjustments to sports wagering accounts for amounts of five hundred dollars ($500.00) or less must be periodically reviewed by supervisory personnel as set forth in the sports wagering operator’s or sports wagering vendor’s internal controls [3.1].
  • All other adjustments must be authorized by supervisory personnel before being entered [3.1].

Sports Wagering Account Requirements

  • A patron must have an established sports wagering account with the sports wagering operator or sports wagering vendor to participate in online sports wagering [3.2].
  • A sports wagering operator or sports wagering vendor must collect personal identifying information (PII) from the individual for each patron [3.2].
  • During the registration process, the patron shall agree to the terms and conditions and privacy policies of the sports wagering operator or sports wagering vendor [3.2].
  • Unless otherwise noted on the account application, the address provided on the application to establish the account is deemed the address of record for mailing checks, statements of account, account withdrawals, notices, or other correspondence [3.2].
  • A sports wagering operator or sports wagering vendor must maintain an electronic patron file, which must, at a minimum, include the following for each patron, as applicable: Unique patron ID and username, the information indicated in subsection (b) to register a patron and create the account, encrypted PII, including the government identification number, authentication credential, and personal financial information, the date and method of identity verification, including, where applicable, the document number of the government issued identification credential examined and its date of expiration, if applicable, account details and current balance, including any incentive credits, and previous sports wagering accounts, if any [3.2].

Therefore, to obtain a fantasy sports license in Wyoming, you need to apply for a sports wagering operator permit, pay the required fees, and meet the requirements listed above. Additionally, individuals who directly impact the integrity of online sports wagering in Wyoming must have an occupational permit. Sports wagering operators must also comply with certain account review and account requirements.

Source(s):
Jurisdiction

Wyoming