MI HB6420

Establishes the Fantasy Contests Consumer Protection Act requiring fantasy contest operators to obtain a license from the Michigan Gaming Control Board, with an initial license fee of $50,000 and annual renewal fee of $20,000.

Defines fantasy contests as skill-based simulated games based on aggregated performance of multiple individual athletes from real-world professional or collegiate sports, explicitly excluding contests based on single teams, single athletes, or randomized events.

Prohibits individuals under 18 from participating, requires operators to prevent insider participation, segregate player deposits, offer contests for non-experienced players only, and maintain audited financial records.

Mandates operators provide problem gambling resources, allow players to self-restrict participation, display highly experienced players, and prohibit false advertising or targeting of minors and self-restricted individuals.

Establishes criminal penalties of up to one year imprisonment and $10,000 fine for first or second violations of operating without a license, and up to five years imprisonment and $50,000 fine for third or subsequent violations; board may impose civil fines up to $20,000 for regulatory violations.