October 10, 2019 - Introduced by Senators Feyen and L. Taylor, cosponsored by
Representatives Vorpagel, Brostoff and Sinicki. Referred to Committee on
Agriculture, Revenue and Financial Institutions.

SB491,1,3 1An Act to amend 945.01 (1) (b); and to create chapter 570 of the statutes;
2relating to: registration of fantasy contest operators, requiring the exercise of
3rule-making authority, and providing a penalty.

This bill requires fantasy contest operators to register with the Department of
Financial Institutions to operate in this state and imposes certain requirements on
fantasy contest operators as specified in the bill. “Fantasy contest" is defined in the
bill as being a fantasy or simulation game or contest in which one or more players
compete against each other and a winning outcome reflects the relative knowledge
and skill of fantasy contest players and is determined predominantly by
accumulated statistical results of the performance of individuals, including athletes
in the case of sporting events. To obtain an initial registration, a fantasy contest
operator must become authorized to transact business in this state, apply to DFI and
submit evidence that the fantasy contest operator complies or will comply with
requirements specified in the bill, and pay the initial registration fee. The fantasy
contest operator must renew this registration annually.