Fantasy Sports Consumer Protection Act regulates fantasy contests in Illinois, exempts them from gambling laws, and imposes licensing requirements.
The Fantasy Sports Consumer Protection Act establishes regulations for fantasy contests in Illinois, exempting them from gambling laws. It mandates licensing for operators, outlines contest rules, and sets tax rates. The Illinois Gaming Board oversees licensing, investigates prohibited conduct, and enforces anti-money laundering standards. Operators must implement measures to prevent underage participation and fraud. The Act also includes provisions for compulsive gaming assistance and supplier diversity goals.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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