• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video
You are here: Home / Archives for fantasy sports

fantasy sports

Senator Dana Young files legislation to make clear fantasy sports are legal in Florida

Posted on January 31, 2017

Bill Establishes Meaningful Regulations to Protect Consumers

State Senator Dana Young (R-Tampa) today announced that she has filed Senate Bill 592, which clarifies the law to make clear that fantasy sports are legal in the State of Florida, while also establishing commonsense regulations and consumer protection measures for the industry. Ten states have recently passed laws regulating fantasy sports and these regulations have proven to be successful. SB 592 is based on the best components of fantasy sports laws from across the county, with the appropriate Florida-specific adjustments to serve the Sunshine State.
“Today, more than 3 million Floridians participate in fantasy sports. This bill ensures the games they love will continue to be legal in the State of Florida, while adding several consumer protection measures,” said Senator Young.  “The relevant laws on the books were written a long, long time ago in a different era, and they need to be updated to reflect current technology and to ensure that our friends and neighbors who enjoy fantasy sports can do so without any legal ambiguity.”
Key consumer protection measures in the legislation include:

  • Instituting restrictions on who may compete in fantasy games, including barring the operator, employees of the operator, and family members of the operator from play, as well as preventing employees of the game operator from sharing confidential information that could affect fantasy game play;
  • Verifying fantasy contest participants are 18 years of age or older;
  • Restricting any individual who is a player, game official, or other participant in a real-world competition from participating in any related fantasy contest;
  • Disclosing the number of fantasy contests a single participant may enter and prevent contest participants from entering more than the allowable number of fantasy games;
  • Segregating contest participants’ funds from operational funds and maintaining a reserve to ensure fantasy players will have access to their funds at all times;
  • Requiring all fantasy sports companies offering fantasy games in the State of Florida to annually contract with a third party to perform an independent audit, consistent with the standards established by the American Institute of Certified Public Accountants, to ensure compliance with all of the requirements of the new law; and,
  • Clarification that NCAA sports will not be included in fantasy contests.

“On behalf of the millions of Floridians for whom fantasy sports is a fun and engaging pastime, I look forward to working with my colleagues during the 2017 Legislative Session to pass this needed law clarifying the legality of fantasy sports,” concluded Senator Young.
 

Filed Under: Soup Du Jour Tagged With: fantasy sports, Florida, legislation, Senator Dana Young

Primary Sidebar

    Submit News    

Democratic Lawmakers Condemn GOP Legislation Targeting Civil Rights Protests

Prominent Democratic lawmakers on Thursday sharply condemned Republican-backed legislation filed for the … [Read More...] about Democratic Lawmakers Condemn GOP Legislation Targeting Civil Rights Protests

MEGA MILLIONS jackpot increases to $625 million ahead of tonight’s draw

MEGA MILLIONS® and POWERBALL® Combined Jackpots climb to $1.1 Billion! Players have a chance to win big this … [Read More...] about MEGA MILLIONS jackpot increases to $625 million ahead of tonight’s draw

Southeast Florida Behavioral Health Network Partners with Law Enforcement to Reduce Opioid Deaths

In response to the rising opioid epidemic, Southeast Florida Behavioral Health Network is working with the … [Read More...] about Southeast Florida Behavioral Health Network Partners with Law Enforcement to Reduce Opioid Deaths

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2021 Capital Soup · All Rights Reserved ·