@NCCapitol

@NCCapitol

State seeks to regulate fantasy sports operators

Posted March 10

— The boom in fantasy sports shows no signs of abating, so North Carolina lawmakers want to put some regulations on the books to ensure consumers are protected.

House Bill 279, which was filed Wednesday, would require companies that operate fantasy sports sites that require money up front and pay out cash prizes to register with the Secretary of State's Office.

The sites would have to submit business audits to show regulators that their contests aren't rigged, disclose the maximum number of entries any single player can submit to any contest and comply with requests to bar individuals from playing in contests in the future. Operators would have to pay a registration fee based on their gross profits every five years.

Rep. Duane Hall, D-Wake, said that, while fantasy leagues are incredibly popular, they're not all on the level.

"It's an attempt to set up a commission that sets up some rules and regulations," Hall said of his bill. "There are some bad actors, and this will give us a chance to regulate that and get them out of the system."

At least eight states have already passed similar laws to provide some oversight of the industry.

North Carolina's measure wouldn't stop anyone from offering fantasy sports, and it wouldn't apply to players or commissioners, just to the companies that run the games.

Operators that don't follow the rules would face fines and the possible suspension or revocation of their registration.

3 Comments

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  • Mike Trekker Mar 13, 10:16 a.m.
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    Follow the money, they do not care one iota about protecting the citizenry, this is about taxing a new revenue stream.

  • John Archer Mar 11, 11:29 a.m.
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    I thought we were trying to do away with so many regulations, not impose more of them. This one seems pretty useless to me.

  • Vince DiSena Mar 10, 10:09 p.m.
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    Any possible chance of taking money from someone or some business, the government is there!