Gov. Hickenlooper SIgns Legislation As Colorado Joins Indiana, Virginia, Mississippi And Tennessee
Legal Sports Report

Colorado Becomes Fifth State To Enact Fantasy Sports Law In 2016

CO governor signs DFS bill
Colorado became the fifth state to regulate the daily fantasy sports industry, as Gov. John Hickenlooper signed a bill on Friday.

Hickenlooper signs

Hickenlooper publicly enacted the fantasy sports regulation law — H 1404:

That comes a month and a day after the legislature passed a bill, back on May 9.

FanDuel offered this statement commending the law’s passage.

What’s in Colorado’s DFS bill

Basic provisions of the bill include:

  • The Division of Professions and Occupations in the Department of Regulatory Agencies oversees the daily fantasy sports industry.
  • The DPO is responsible for setting licensing and renewal fees; those figures are not set in the law.
  • Operators with less than 7,500 users must only register with the state, they need not apply for a license.
  • Operators that are not classified as “small” must contract with a third party to perform an annual audit.
  • Consumer protections are a part of the bill, including a prohibition on play by operator employees; making operators take steps to make sure data that could affect contests is secure; forcing operators to segregate player funds from operating funds; and allowing players to restrict themselves from playing.
  • Contests involving amateur sporting events — including college sports — are prohibited.
  • A minimum age of 18 is set for DFS users.

The law would appear to allow all current DFS and season-long operators to serve the state, barring an unusually high fee being set for licensure.

Colorado is No. 5

Colorado joined four other states that have turned DFS bills into law:

Missouri’s governor signed a bill into law later in the day.

Other states with DFS action

While the legislatures in a lot of states have adjourned for the summer or through the November elections, several Eastern states are still taking a hard look at DFS regulation:

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Dustin Gouker
- Dustin Gouker has been a sports journalist for more than 15 years, working as a reporter, editor and designer -- including stops at The Washington Post and the D.C. Examiner.