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CO HB1286
Bill
Status
7/10/2020
Primary Sponsor
Alec Garnett
Click for details
AI Summary
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Removes fantasy contest operator regulation from the September 1, 2020 sunset repeal date, continuing regulation under a new structure within the Division of Gaming rather than the Division of Professions and Occupations.
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Relocates fantasy contest regulations from Title 12, Article 125 to Title 44, Article 30, Part 16, establishing the Director of the Division of Gaming as the primary regulator.
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Maintains existing consumer protections including age verification, employee prohibitions, confidentiality safeguards, player fund segregation, audit requirements, and limits on script usage and entry submissions.
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Distinguishes between small fantasy contest operators (maximum 7,500 Colorado players) requiring registration versus larger operators requiring licensing, with investigators only reviewing small operators upon complaint.
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Directs all fantasy contest licensing fees, fines, and penalties to the Sports Betting Fund to support self-sustaining regulation and reduces Division of Professions and Occupations appropriation by $11,252 with 0.2 FTE reduction.
Legislative Description
Sunset Regulation Of Fantasy Sports
Business & Economic Development
Last Action
Governor Signed
7/10/2020