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Missouri Gaming Commission met this week to begin implementing a law regulating paid-entry fantasy sports in the state, with regulation starting this September.
Missouri is one of six states to enact a law dealing with fantasy sports this year.
What the MGC did
The gaming commission met to start making rules regarding fantasy operators that want to serve Missouri’s now-regulated market.
The law will largely apply to daily fantasy sports operators like DraftKings and FanDuel. DFS operator FantasyDraft indicated to
Legal Sports Report that it intends to apply for a license, as well.
The law technically doesn’t go into effect until August 28th; the emergency rule from the MGC goes into force on September 8.
You can see the emergency rule adopted by the MGC here. Among its main provisions:
Sites that operated in Missouri prior to April 1 of this year may continue operating until “they receive or are denied a license.”
The MGC estimates that will effect seven operators, who must apply for a license before Oct. 1.
The rule notes many of the consumer protections implemented by the law, which licensed sites must abide by once licensed.
That includes contracting with a “Certified Public Accountant to conduct an annual financial and internet website audit to ensure compliance with the law.”
Procedures for holding hearings regarding fantasy contest applicants and licensed operators were established.
The emergency rule expires in March of next year, at which time permanent rules will be enacted.
Missouri Gaming Commission met this week to begin implementing a law regulating paid-entry fantasy sports in the state, with regulation starting this September.
Missouri is one of six states to enact a law dealing with fantasy sports this year.
What the MGC did
The gaming commission met to start making rules regarding fantasy operators that want to serve Missouri’s now-regulated market.
The law will largely apply to daily fantasy sports operators like DraftKings and FanDuel. DFS operator FantasyDraft indicated to
Legal Sports Report that it intends to apply for a license, as well.
The law technically doesn’t go into effect until August 28th; the emergency rule from the MGC goes into force on September 8.
You can see the emergency rule adopted by the MGC here. Among its main provisions:
Sites that operated in Missouri prior to April 1 of this year may continue operating until “they receive or are denied a license.”
The MGC estimates that will effect seven operators, who must apply for a license before Oct. 1.
The rule notes many of the consumer protections implemented by the law, which licensed sites must abide by once licensed.
That includes contracting with a “Certified Public Accountant to conduct an annual financial and internet website audit to ensure compliance with the law.”
Procedures for holding hearings regarding fantasy contest applicants and licensed operators were established.
The emergency rule expires in March of next year, at which time permanent rules will be enacted.
