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Virginia first state to enact legal framework for fantasy sports

On Monday, Terry McAuliffe, the Governor of Virginia, signed the Fantasy Contests Act into law. This new law will establish a legal framework for fantasy sports operators to conduct contests within the state. The states of Virginia becomes the first to create and pass such legislation that will provide several consumer protections for players of fantasy sports. These player protections include oversight by the Virginia Department of Agriculture and Consumer Services.

DraftKings and FanDuel, top DFS companies, will now be required to register with the state of Virginia and pay a fee for licensing which will cover the cost of the oversight group. The legislation was able to pass through the Virginia General Assembly quickly, on the 24th of February, and the governor waste…

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