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Can I offer contests that involve international sports in Vermont? What are the requirements?
Based on the information provided in the context documents, you can offer contests involving international sports in Vermont. However, you must comply with the registration, consumer protection, and tax requirements outlined in the Vermont Statutes Annotated.
Registration Requirements
To offer a fantasy sports contest in Vermont, you must register with the Secretary of State on or before October 15 of each year and pay an annual registration fee of $5,000.00 [1.1].
Consumer Protection Requirements
You must adopt commercially reasonable policies and procedures to prevent participation in a fantasy sports contest with a cash prize of $5.00 or more by the fantasy sports operator, an employee of the fantasy sports operator or a relative of the employee who lives in the same household, or a professional athlete or official who participates in one or more real-world sporting events in the same sport as the fantasy sports contest [1.5](a)(1)]. You must also limit and disclose to prospective players the number of entries a fantasy sports player may submit for each fantasy sports contest, limit a fantasy sports player to not more than one username or account, and prohibit the use of computer scripts that provide a player with a competitive advantage over another player [1.5](a)(4)-(6)].
Additionally, you must comply with all other requirements outlined in the Vermont Statutes Annotated, Title 9, Chapter 63, Subchapter 11, including those related to the handling of confidential fantasy sports contest information [1.3][1.5].
Tax Requirements
Any person holding or conducting a professional boxing match shall notify the Director not less than five days in advance of the holding of the match, and after the match is concluded shall immediately pay to the Director a sum, designated as a gate tax, which shall be an amount equal to five percent of the gross receipts, exclusive of any federal tax thereon [2.1][3.1][4.1].
In summary, you can offer contests involving international sports in Vermont, but you must comply with the registration, consumer protection, and tax requirements outlined in the Vermont Statutes Annotated.
Source(s):
- [1.1] Registration
- [2.1] Tax on professional boxing contests
- [3.1] Tax on professional boxing contests
- [1.3] Definitions
- [4.1] TAX ON CONTESTS
- [1.5] Consumer protection
Jurisdiction
Vermont