Bill > A06022

This bill amends the New York racing, pari-mutuel wagering and breeding law to expand and clarify regulations for interactive fantasy sports contests, introducing several key changes. The bill broadens the definition of interactive fantasy sports contests to include scenarios where participants predict whether athletes will accumulate more or less than a target score set by an operator, and establishes more detailed provisions for how these contests can be conducted. It increases the registration period for fantasy sports operators from three to five years, sets an initial registration fee of five million dollars, and establishes a renewal fee of one percent of interactive fantasy sports gross revenues. The bill also adds new regulatory requirements for operators, including mandates to deploy identity and geolocation verification procedures, implement mechanisms to detect fraud and unauthorized accounts, and ensures that contest outcomes are predominantly determined by accumulated statistical results of athletes' performances. Additionally, the bill limits the commission's ability to directly regulate the specific rules or digital platforms of fantasy sports contests, while still requiring operators to maintain integrity and protect participants. The legislation aims to provide a more comprehensive and flexible regulatory framework for interactive fantasy sports in New York state, with a focus on fair play, consumer protection, and industry development.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A6022