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Where states like New York, Illinois and Nevada are having trouble to legalize DFS, Virginia is welcoming betting sites like DraftKings and FanDuel.
Virginia signed into law the Fantasy Contests Act, a bill blueprinting how DFS sites can operate legally in the state. It is the first acceptance in the USA of the industry after months of legal activity in different states.
Besides undergoing two independent examinations every year, each fantasy site must pay a $50,000 fee to conduct in Virginia, appoint policies to ensure every player is at least 18 years old, and ban employees of fantasy sites from participating in public contests.
DraftKings is very content with the news. A spokesman said: “Today, Virginia became the first state in the nation this year to put in place a thoughtful and appropriate regulatory framework to protect the rights of fantasy players. We thank Governor McAuliffe for his leadership and advocacy and are hopeful that other states across the country will follow Virginia’s lead. We will continue to work actively to replicate this success with dozens of legislatures and are excited to continue these efforts.”