New York A06022 amends the definition of interactive fantasy sports contests and gross revenue, and sets regulations for operators.
New York A06022 amends the racing, pari-mutuel wagering, and breeding law to redefine interactive fantasy sports contests. These contests now include scenarios where participants predict whether athletes will accumulate more or less than a target score set by an operator. The bill also defines "interactive fantasy sports gross revenue" and establishes regulations for operators. These include identity and geolocation verification procedures, mechanisms to detect unauthorized accounts and fraud, and annual reporting requirements to the New York state gaming commission.
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- Legal Framework
- Critical Issues
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