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Can I offer contests that involve esports in Colorado? What are the requirements?

Esports Contests in Colorado

If you are planning to offer contests that involve esports in Colorado, you may need to obtain a license from the Colorado Division of Professions and Occupations. According to the Colorado Revised Statutes, a person or entity that offers a contest of chance for a prize must obtain a license from the state [5]. Esports contests may fall under this category, depending on the specific details of the contest.

To obtain a license, you will need to submit an application and pay a fee. The application will require you to provide information about the contest, including the rules, the prize structure, and the method of selecting winners. You may also need to provide information about your business, such as your legal structure and your financial history.

Once you have obtained a license, you will need to comply with the regulations set forth by the Colorado Division of Professions and Occupations. These regulations include requirements for record-keeping, reporting, and advertising [5].

It is important to note that the laws and regulations surrounding esports contests may vary by state and jurisdiction. Therefore, it is recommended that you consult with a legal professional to ensure that you are in compliance with all applicable laws and regulations.

Requirements for Esports Contests in Colorado

The specific requirements for offering esports contests in Colorado may vary depending on the nature of the contest. However, some general requirements may include:

  • Obtaining a license from the Colorado Division of Professions and Occupations [5]
  • Complying with regulations for record-keeping, reporting, and advertising [5]
  • Ensuring that the contest is not considered illegal gambling under Colorado law [5]

Again, it is recommended that you consult with a legal professional to ensure that you are in compliance with all applicable laws and regulations.

[5]: Licensed Fantasy Contest Operators in Colorado | DOR SBG

Source(s):
Jurisdiction

Colorado