The compromise struck in Colorado allowing one prominent fantasy operator to offer its pick ‘em games in the state is intended to increase the skill required to play and further distinguishes it from legal sports betting, according to regulators.
A very particular set of skills
A spokesperson for the Colorado Department of Revenue told Covers that Underdog had already been doing business in the state under a “small fantasy contest operator registration” since September 2020. “One requirement to be a fantasy contest in Colorado is that ‘all winning outcomes reflect the relative knowledge and skill of the participants and are determined predominantly by accumulated statistical results of the performance of athletes in sporting events,’” DOR Director of Communications Daniel Carr said in an email. “By requiring a minimum of four athletes instead of two the Division is increasing the skill required by the patrons and ensuring this requirement is met.
When it comes to how those stats are collected and added up, that falls to the fantasy operator, according to the regulator.
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