HB742
Log in to followAN ACT relating to fantasy contests.
Create new sections of KRS Chapter 230 to authorize the corporation to regulate the conduct of fantasy contest operators; require the use of geolocation technology; require fantasy contest operators to implement procedures to prevent fraud, abuse, and money laundering; require notification to the corporation for a confirmed breach of a sport's governing body's internal rules and codes of conduct, conduct that corrupts any outcome, and confirmed illegal activities; establish licensing requirements for a fantasy contest…
Introduced: February 19, 2025
Last action: February 27, 2025
Plain-language summary
This bill would create a legal framework in Kentucky for fantasy contest operators, such as daily fantasy sports platforms, to be licensed and regulated by the state. It sets rules covering age limits, fraud prevention, geolocation requirements, background checks, independent audits, and problem gambling resources. A new tax on fantasy contest revenue would fund a dedicated state administration account. Who it may affect: Kentuckians who participate in paid fantasy sports contests, fantasy contest operators doing business in the state, and people on the state's self-exclusion list for gambling.
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