Nebraska LB342 would adopt the Fantasy Sports Consumer Protection Act, regulating fantasy contests.
Nebraska LB342 would adopt the Fantasy Sports Consumer Protection Act, which regulates fantasy contests in the state. The act defines terms such as "fantasy contest," "fantasy contest operator," and "participant." It requires fantasy contest operators to obtain a license from the Department of Revenue and submit an application that includes personal and business information. The act also mandates that operators implement measures to prevent fraud, abuse, money laundering, and collusion.
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