# 1 CCR 207-3: RULES OF FANTASY CONTEST OPERATOR LICENSING AND REGISTRATION

> Colorado · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_CCR_1_CCR_207_3

## Section

- **Citation:** 1 CCR 207-3
- **Heading:** RULES OF FANTASY CONTEST OPERATOR LICENSING AND REGISTRATION
- **Jurisdiction:** Colorado
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Colorado Regulations / 200 Department of Revenue / 207 Division of Gaming - Rules promulgated by Gaming Commission / 1 CCR 207-3

## Text

BASIS AND PURPOSE FOR RULE 1
The purpose of Rule 1 is to provide definitions of various terms used throughout the
Fantasy Contest Operator Rules of the Colorado Division of Gaming so that the Rules
can be uniformly applied and understood. The definitions in 44-30-103, C.R.S. and 44-
30-1501, C.R.S. shall also apply throughout this document. The statutory basis for Rule
1 is found in sections 44-30-1604(1), C.R.S., 44-30-203, C.R.S., and Part 16 of Article
30 of Title 44, C.R.S.
RULE 1
GENERAL RULES AND REGULATIONS
1.1
Scope and purpose.
These Rules are promulgated in order to carry out the powers and duties of the Director
of the Division of Gaming, Department of Revenue (“Director”) pursuant to Article 30 of
Title 44, C.R.S., for the purpose of licensure or registration of fantasy contest operators
and to ensure the integrity of fantasy contests conducted in the State of Colorado.
These Rules shall be binding on every person authorized to operate as a fantasy
contest operator or a small fantasy contest operator in Colorado. All persons licensed or
registered under Article 30 of Title 44, C.R.S., are charged with having knowledge of the
existence of these Rules and shall be deemed to be familiar with their provisions and to
understand the Rules.
These Rules are severable. If one Rule or portion of a Rule is found to be invalid, all
other Rules or portions of Rules that can be enforced without the invalid Rules shall be
enforced and shall remain valid.
These Rules are not intended, and shall not be construed, to affect or limit in any way
the jurisdiction or regulation of any individual or entity by any federal, state, or local
government or subdivision thereof, including but not limited to the Colorado Department
of Revenue and its Divisions.
1.2
Definitions.
All terms defined in sections 44-30-103, C.R.S., and 44-30-1501, C.R.S., shall have the
same meaning in these Rules. In addition, as used in Article 30 of Title 44, C.R.S., and
these Rules:
Code of Colorado Regulations
Secretary of State
State of Colorado
or local
government or subdivision thereof, including but not limited to the Colorado Department
of Revenue and its Divisions.
1.2
Definitions.
All terms defined in sections 44-30-103, C.R.S., and 44-30-1501, C.R.S., shall have the
same meaning in these Rules. In addition, as used in Article 30 of Title 44, C.R.S., and
these Rules:
Code of Colorado Regulations
Secretary of State
State of Colorado

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(1)
“Active patron account” means a patron's account that has the patron's email
address on file with the fantasy contest operator, a residential address in
Colorado, and has paid an entry fee for a fantasy contest, agreed to pay an entry
fee for a fantasy contest, or has made a monetary deposit to the patron's account
within the past 365 days.
(2)
“Applicant” means any individual or entity that has applied for an initial license or
registration or a renewal license or registration to operate in Colorado as a
fantasy contest operator or a small fantasy contest operator. The applicant shall
be the individual or entity that is responsible for the financial and contractual
obligations of the fantasy contest provider.

(3)
“Beginner player,” as used in section 44-30-1607(1)(h), C.R.S., means any
fantasy contest patron who has entered fewer than fifty-one contests offered by a
single fantasy contest provider and who does not meet the definition of highly
experienced player by virtue of having won more than three fantasy contest
prizes of $1,000 or more from that single fantasy contest provider.
(4)
“Cash equivalent” means an electronic funds transfer, credit card, debit card,
check, wire transfer, crypto currency, winnings, promotional or bonus credit, and
any other form of payment as approved by the Division.
(5)
“Director” means the Director of the Division of Gaming or the Director’s
designee.
(6)
“Division” means the Division of Gaming in the Department of Revenue.
contest provider.
(4)
“Cash equivalent” means an electronic funds transfer, credit card, debit card,
check, wire transfer, crypto currency, winnings, promotional or bonus credit, and
any other form of payment as approved by the Division.
(5)
“Director” means the Director of the Division of Gaming or the Director’s
designee.
(6)
“Division” means the Division of Gaming in the Department of Revenue.
(7)
“Entry fee” means cash or a cash equivalent that is required to be paid by a
fantasy contest patron to a fantasy contest provider in order to participate in a
fantasy contest.
(8)
“Fantasy contest provider” means both a fantasy contest operator licensee and a
small fantasy contest operator registrant, as well as their employees and agents,
unless specifically mentioned.
(9)
“Highly experienced player,” as used in section 44-30-1607(1)(h), C.R.S., means
any fantasy contest patron who has: (a) entered more than 1,000 contests
offered by a single fantasy contest provider; or (b) has won more than three
fantasy contest prizes valued at $1,000 or more from that single fantasy contest
provider. Once a fantasy contest patron is classified as highly-experienced
player, the patron will remain classified as such.
(10)
“Inactive patron account” means a patron’s account where the patron has not
paid an entry fee for a fantasy contest, agreed to pay an entry fee for a fantasy
contest, or made a monetary deposit to the patron's account within the past 365

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days, but the patron has logged into the account within the last three (3) years
calculated from the patron’s last log-in date.
(11)
“Internal controls” means the minimum level of operational controls developed by
a fantasy contest provider to ensure the integrity of fantasy contests.
eposit to the patron's account within the past 365

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days, but the patron has logged into the account within the last three (3) years
calculated from the patron’s last log-in date.
(11)
“Internal controls” means the minimum level of operational controls developed by
a fantasy contest provider to ensure the integrity of fantasy contests.
(12)
“Prize,” as used in Article 30 of Title 44, C.R.S., means anything of monetary
value, including but not limited to, money, cash equivalents, merchandise, or
admission to another contest in which a prize may be awarded.
(13
“Script,” as used in section 44-30-1607(1)(i), C.R.S., means commands that a
fantasy contest-related computer program can execute that are created by
fantasy contest patrons (or by third parties for the use of fantasy contest patrons
to automate processes in a fantasy contest.
(14)
(a)
“Sporting event” means:
(i)
Any individual or team sport or athletic event in which the outcome
is not determined solely by chance, whether amateur or
professional, including an Olympic or international sport or athletic
event and any collegiate sports event;
(ii)
Any portion of a sport or athletic event listed in subsection (13)(a) of
this section;
(iii)
The individual performance of athletes in a sports event or
combination of sports events;
(iv)
Any sanctioned motorsport as authorized by the Division;
(v)
Professional electronic sports or video games sanctioned by a
sports governing body as an electronic competition; and
(vi)
Any other sports event or combination of sports events as
authorized by the Division.
tion (13)(a) of
this section;
(iii)
The individual performance of athletes in a sports event or
combination of sports events;
(iv)
Any sanctioned motorsport as authorized by the Division;
(v)
Professional electronic sports or video games sanctioned by a
sports governing body as an electronic competition; and
(vi)
Any other sports event or combination of sports events as
authorized by the Division.
(b)
“Prohibited Sporting Event” includes high school or youth sports.
(15)
“Utilization of statistics” means the method or formula in which fantasy points are
accumulated based on the statistical results of the performance of athletes in
sporting events.
1.3
Authorized fantasy contests.
Fantasy contests offered pursuant to Part 16, Article 30 of Title 44, C.R.S., shall comply
with all of the following requirements:

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(1)
Fantasy contests must require an entry fee, offer a prize(s) to the patron(s), and
have the winning outcome based on the utilization of statistics from multiple
athletes.
(2)
Fantasy contests are contests where patrons compete against other patrons.
Fantasy contests where patrons compete against fantasy contest providers are
prohibited.
(3)
Fantasy contests must include the following:
(a)
The selection of a minimum of three athletes or positions, or the utilization
of statistics from a minimum of three athletes or positions.
(b)
The outcome of the contests must be based on adding together the
accumulated statistical results from at least three athletes or positions.
(4)
Fantasy contests may be of any duration but must specify a beginning and end.
(5)
The winning outcome of a fantasy contest cannot be based on the score, point
spread, or any performance of any single actual sports team or combination of
the teams.
ons.
(b)
The outcome of the contests must be based on adding together the
accumulated statistical results from at least three athletes or positions.
(4)
Fantasy contests may be of any duration but must specify a beginning and end.
(5)
The winning outcome of a fantasy contest cannot be based on the score, point
spread, or any performance of any single actual sports team or combination of
the teams.
(6)
Fantasy contests that are free to all participants and do not require an entry fee
are not regulated as fantasy contests.
BASIS AND PURPOSE FOR RULE 2
The purpose of Rule 2 is to enable applications and licensure as related to fantasy
contest providers, including to establish and provide the specific information required on
license applications, renewals, and license fees for each type of license. The statutory
basis for Rule 2 is found in sections 24-4-105(11), C.R.S., 44-30-203(2)(a.5), C.R.S.,
44-30-1605, C.R.S., 44-30-1606, 44-30-1607, C.R.S., and Part 16 of Article 30 of Title
44.
RULE 2
APPLICATIONS AND LICENSURE
2.1
Categories.
(1)
The Division has two categories of fantasy contest operators based on the
number of active patrons.
(a)
Small fantasy contest operators.
(i)
Small fantasy contest operators have 7,500 or fewer active patron
accounts over the preceding 365 days.
(ii)
Small fantasy contest operators are required to apply for
registration with the Division.

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(b)
Fantasy contest operators.
(i)
Fantasy contest operators have more than 7,500 active patron
accounts over the preceding 365 days.
(ii)
Fantasy contest operators are required to apply for licensure with
the Division.
(2)
Small fantasy contest operator registrations and fantasy contest operator
licenses will expire on July 31 and not exceed a two-year period.
(3)
The fee for registration and licensure shall be the following:
(a)
Small fantasy contest operator registration:
(i)
Initial application fee $350.
(ii)
Renewal fee $350.
(b)
Fantasy contest operator license:
red to apply for licensure with
the Division.
(2)
Small fantasy contest operator registrations and fantasy contest operator
licenses will expire on July 31 and not exceed a two-year period.
(3)
The fee for registration and licensure shall be the following:
(a)
Small fantasy contest operator registration:
(i)
Initial application fee $350.
(ii)
Renewal fee $350.
(b)
Fantasy contest operator license:
(i)
Initial application fee $15,000.
(ii)
Renewal fee $15,000.
2.2
Application for registration.
(1)
Registrant Name
(a)
Registrants shall not operate as a small fantasy contest operator using a
name that has not been provided to the Director.
(b)
If a registrant operates as a small fantasy contest operator under a trade
name, such trade name must be filed with the Colorado Secretary of State
pursuant to section 7-71-101, C.R.S.
(c)
All names under which a registrant operates as a small fantasy contest
operator (including business, assumed, or trade names) shall be provided
to the Director.
(2)
A small fantasy contest operator must apply for registration with the Division. An
applicant for registration must:
(a)
Submit a completed application for registration on a form and in a manner
approved by the Division.
(b)
Submit with the application all fees established by the Director.

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(c)
Submit documentation validating the number of fantasy contest players in
Colorado with active patron accounts. The number of said patrons shall
not exceed 7,500, pursuant to section 44-30-1603(7), C.R.S. The
documentation shall comprise customer base data from the 365 days
preceding the date of application submission.
(d)
Submit detailed information about the nature and type of fantasy contests
to be offered by the applicant and the utilization of statistics with examples
of all information and materials to be provided to contestants.
all
not exceed 7,500, pursuant to section 44-30-1603(7), C.R.S. The
documentation shall comprise customer base data from the 365 days
preceding the date of application submission.
(d)
Submit detailed information about the nature and type of fantasy contests
to be offered by the applicant and the utilization of statistics with examples
of all information and materials to be provided to contestants.
(e)
Submit additional information as may be requested by the Division to
evaluate the applicant’s qualification for registration. An application
submitted without the required fees and documentation will be considered
incomplete.
(3)
If a registered small fantasy contest operator at any time exceeds 7,500 active
patron accounts, the fantasy contest operator must apply for licensure. The
applicant must notify the Division within twenty (20) days of exceeding 7,500
active patron accounts, and shall have forty five (45) days from notifying the
Division to submit an application for licensure. If, after licensure, the fantasy
contest operator drops below 7,500 active patron accounts, the applicant may
submit an application for registration at the time of renewal instead of renewing
licensure.
2.3
Application for licensure.
(1)
Licensee Name
(a)
Licensees shall not operate as a fantasy contest operator using a name
that has not been provided to the Director.
(b)
If a licensee operates as a fantasy contest operator under a trade name,
such trade name must be filed with the Colorado Secretary of State
pursuant to section 7-71-101, C.R.S.
(c)
All names under which a licensee operates as a fantasy contest operator
(including business, assumed, or trade names) shall be provided to the
Director.
(2)
A fantasy contest operator that has more than 7,500 active patron accounts in
Colorado, must apply for licensure with the Division. An applicant for licensure
must:
(a)
Submit a completed application for licensure on a form and in a manner
approved by the Director;
a licensee operates as a fantasy contest operator
(including business, assumed, or trade names) shall be provided to the
Director.
(2)
A fantasy contest operator that has more than 7,500 active patron accounts in
Colorado, must apply for licensure with the Division. An applicant for licensure
must:
(a)
Submit a completed application for licensure on a form and in a manner
approved by the Director;
(b)
Submit with the application all fees established by the Director;

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(c)
Attest to the validity of the information listed on the application;
(d)
Submit a written oath or affirmation on the form and in the manner
prescribed by the Director;
(e)
Submit the information required by section 44-30-1606(2)(c), C.R.S.,
(f)
Submit detailed information about the nature and type of fantasy contests
to be conducted by the applicant and the utilization of statistics with
examples of all information and materials to be provided to contestants.
(g)
Submit additional information as may be requested by the Director to
evaluate the applicant’s qualification for licensure. An application
submitted without the required fees and documentation will be considered
incomplete.
(3)
If a fantasy contest operator drops below 7,500 active patron accounts in
Colorado, the applicant may submit an application for registration as a small
fantasy contest operator instead of renewing licensure.
2.4
Renewal and reinstatement of registration or licensure.
(1)
Fantasy contest providers must submit renewal applications for registration or
licensure renewal to the Division at least forty-five (45) days prior to the
respective registration or license expiration date.
(2)
An applicant for registration and license renewal must:
(a)
Submit a completed, signed application for registration or licensure
renewal on a form and in a manner approved by the Division;
Fantasy contest providers must submit renewal applications for registration or
licensure renewal to the Division at least forty-five (45) days prior to the
respective registration or license expiration date.
(2)
An applicant for registration and license renewal must:
(a)
Submit a completed, signed application for registration or licensure
renewal on a form and in a manner approved by the Division;
(b)
Submit the results of the annual independent audit and/or internal controls
review, conducted pursuant to section 44-30-1607(2), C.R.S.;
(i)
The audit may be an annual financial audit of the operator's
previous fiscal year-end financial statements by an independent
certified public accountant; or
(ii)
The audit may be an annual compliance attestation completed by
an independent certified public accountant or other professional
service provider authorized by the Director to verify compliance with
the part 16, article 30, title 44, C.R.S., and the Rules and
Regulations promulgated thereunder.
(c)
Submit the aggregate amount of money paid by Colorado patrons in entry
fees to fantasy contests over the previous calendar year; and,
(d)
Submit all fees established by the Director.

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(3)
If an applicant fails to submit their completed renewal application when due, the
applicant shall not be considered to have made a timely and sufficient application
for renewal, as such term is used in section 24-4-104(7), C.R.S., and the license
or registration shall expire.
(a)
The applicant shall cease operations until their registration or license has
been reinstated.
(b)
The applicant may be subject to administrative action.
(4)
In order to reinstate an expired registration or license, an applicant must:
(a)
Submit a completed application for reinstatement on a form and in a
manner approved by the Director;
(b)
Submit an independent audit to ensure compliance with part 16 as
required by 44-30-1607(2), C.R.S.;
(c)
Submit all fees established by the Director; and
b)
The applicant may be subject to administrative action.
(4)
In order to reinstate an expired registration or license, an applicant must:
(a)
Submit a completed application for reinstatement on a form and in a
manner approved by the Director;
(b)
Submit an independent audit to ensure compliance with part 16 as
required by 44-30-1607(2), C.R.S.;
(c)
Submit all fees established by the Director; and
(d)
Adhere to any administrative action imposed by the Director.
(5)
If a fantasy contest provider chooses not to renew their license or registration,
the fantasy contest provider will not be allowed to reapply for a license or
registration for a period of one year unless in addition to a new application, the
requirements set forth in (2)(b) and (2)(c) of this regulation 2.4 are met.
2.5
Untrue statements.
(1)
An applicant for fantasy contest operator license or small fantasy contest
registration shall not make any false statements or fail to disclose any facts
requested in connection with an application or any communication with the
Division.
(2)
The Director may refuse to grant a license or registration to an applicant who
makes deliberate misstatements, deliberate omissions, misrepresentations, or
untruths in any application or in connection with the applicant’s background
investigation.
2.6
Approval with conditions or for a limited period.
The Director may grant a registration or license with special conditions or for a limited
period, or both.
2.7
Requirements for non-renewal years.
Per Rule 2.1(2), fantasy contest operator licenses and registrations are valid for up to
two years. In the off year in which a renewal application is not required, fantasy contest

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providers must submit the results of their annual independent audits and/or internal
control reviews, conducted pursuant to section 44-30-1607(2), C.R.S., by July 31.
.1(2), fantasy contest operator licenses and registrations are valid for up to
two years. In the off year in which a renewal application is not required, fantasy contest

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providers must submit the results of their annual independent audits and/or internal
control reviews, conducted pursuant to section 44-30-1607(2), C.R.S., by July 31.
(1)
The audit may be an annual financial audit of the provider’s fiscal year-end
financial statements by an independent certified public accountant; or
(2)
The audit may be an annual compliance attestation along with the results
completed by an independent certified public accountant to verify compliance
with the part 16, article 30, title 44, C.R.S., and the Rules and Regulations
promulgated thereunder.
2.8
Petitions for declaratory order.
(1)
Any person may petition the Director for a declaratory order to terminate
controversies or to remove uncertainties as to the applicability to the petitioner of
any provision of Article 30 of Title 44, C.R.S., or of any rule or order of the
Director.
(2)
The Director will determine, in his or her discretion and without notice to
petitioner, whether to rule upon any such a petition. The Director shall promptly
notify the petitioner of his or her action and state the reasons for such action.
(3)
In determining whether to rule upon a petition filed pursuant to this Rule, the
Director will consider the following matters, among others:
(a)
Whether a ruling on the petition will terminate a controversy or remove
uncertainties.
(b)
Whether the petition involves any subject, question or issue which is the
subject of a formal or informal matter or investigation currently pending
before the Director or a court involving one or more of the petitioners.
(c)
Whether the petition involves any subject, question or issue which is the
subject of a formal or informal matter or investigation currently pending
before the Director or a court but not involving any petitioner.
ject, question or issue which is the
subject of a formal or informal matter or investigation currently pending
before the Director or a court involving one or more of the petitioners.
(c)
Whether the petition involves any subject, question or issue which is the
subject of a formal or informal matter or investigation currently pending
before the Director or a court but not involving any petitioner.
(d)
Whether the petition seeks a ruling on a moot or hypothetical question or
will result in an advisory ruling or opinion.
(e)
Whether the petitioner has some other adequate legal remedy, other than
an action for declaratory relief pursuant to Rule 57, Colorado Rules of Civil
Procedure, which will terminate the controversy or remove any uncertainty
as to the applicability to the petitioner of the statute, rule, or order in
question.
(4)
Any petition filed pursuant to this Rule shall set forth the following:

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(a)
The name and address of the petitioner and whether the petitioner is
registered or licensed pursuant to sections 44-30-1605 or 44-30-1606,
C.R.S.
(b)
The statute, rule, or order to which the petition relates.
(c)
A concise statement of all of the facts necessary to show the nature of the
controversy or uncertainty and the manner in which the statute, rule or
order in question applies or potentially applies to the petitioner.
(5)
If the Director determines that he or she will rule on the petition, the following
procedure shall apply:
(a)
The Director may rule upon the petition based solely upon the facts
presented in the petition. In such a case:
necessary to show the nature of the
controversy or uncertainty and the manner in which the statute, rule or
order in question applies or potentially applies to the petitioner.
(5)
If the Director determines that he or she will rule on the petition, the following
procedure shall apply:
(a)
The Director may rule upon the petition based solely upon the facts
presented in the petition. In such a case:
(i)
Any ruling of the Director will apply only to the extent of the facts
presented in the petition and any amendment to the petition.
(ii)
The Director may order the petitioner to file a written brief,
memorandum, or statement of position.
(iii)
The Director may set the petition, upon due notice to petitioner, for
a non-evidentiary hearing.
(iv)
The Director may dispose of the petition on the sole basis of the
matters set forth in the petition.
(v)
The Director may request the petitioner to submit additional facts in
writing. In such event, such additional facts will be considered as an
amendment to the petition.
(vi)
The Director may take administrative notice of facts pursuant to the
State Administrative Procedure Act and may utilize available
experience, technical competence and specialized knowledge in
the disposition of the petition.
(vii)
If the Director rules upon the petition without a hearing, the Director
shall promptly notify the petitioner of the decision.

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administrative notice of facts pursuant to the
State Administrative Procedure Act and may utilize available
experience, technical competence and specialized knowledge in
the disposition of the petition.
(vii)
If the Director rules upon the petition without a hearing, the Director
shall promptly notify the petitioner of the decision.

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(b)
The Director may, in his or her sole discretion, set the petition for hearing,
upon due notice to petitioner, for the purpose of obtaining additional facts
or information or to determine the truth of any facts set forth in the petition
or to hear oral argument on the petition. The notice to the petitioner setting
such hearing shall set forth, to the extent known, the factual or other
matters into which the Director intends to inquire. For the purpose of such
a hearing, to the extent necessary, the petitioner shall have the burden of
proving all of the facts stated in the petition, all of the facts necessary to
show the nature of the controversy or uncertainty and the manner in which
the statute, rule or order in question applies or potentially applies to the
petitioner and any other facts the petitioner desires the Director to
consider.
(6)
The parties to any proceeding pursuant to this Rule shall be the Director and the
petitioner. Any other person may seek leave of the Director to intervene in such a
proceeding and leave to intervene will be granted at the sole discretion of the
Director. A petition to intervene shall set forth the same matters as required by
Rule 2.8(3)(D). Any reference to a “petitioner” in this Rule also refers to any
person who has been granted leave to intervene by the Director.
tor and the
petitioner. Any other person may seek leave of the Director to intervene in such a
proceeding and leave to intervene will be granted at the sole discretion of the
Director. A petition to intervene shall set forth the same matters as required by
Rule 2.8(3)(D). Any reference to a “petitioner” in this Rule also refers to any
person who has been granted leave to intervene by the Director.
(7)
Any declaratory order or other order disposing of a petition pursuant to this Rule
shall constitute final agency action subject to judicial review pursuant to section
24-4-106, C.R.S.
BASIS AND PURPOSE FOR RULE 3
The purpose of Rule 3 is to specify the rights, responsibilities, and duties of fantasy
contest providers in regard to the lawful methods of operation, discovery of violations,
changes in ownership and control, retention of records and access to the Division,
advertising, and ceasing operations. The statutory basis for Rule 3 is found in sections
44-30-203, C.R.S., 44-30-204, C.R.S., 44-30-1604, C.R.S., 44-30-1605, C.R.S., 44-30-
1607, C.R.S., 44-30-1608, C.R.S., 44-30-1610, C.R.S., and Part 16 of Article 30 of Title
44.
RULE 3
DUTIES OF FANTASY CONTEST PROVIDERS
3.1
Responsibilities of fantasy contest providers.
Responsibility for the employment and maintenance of lawful methods of operation
rests with the fantasy contest provider, and willful or persistent use or toleration of
methods of operation considered unlawful by the Division is prohibited. Each fantasy
contest provider shall fully and timely perform each and every term, condition and duty
required under Part 16, Article 30, of Title 44, C.R.S., and the Rules and Regulations
promulgated thereunder governing fantasy contests.
3.2
Discovery of violations.

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methods of operation considered unlawful by the Division is prohibited. Each fantasy
contest provider shall fully and timely perform each and every term, condition and duty
required under Part 16, Article 30, of Title 44, C.R.S., and the Rules and Regulations
promulgated thereunder governing fantasy contests.
3.2
Discovery of violations.

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Fantasy contest providers must notify the Division within seventy-two (72) hours of the
time the provider discovered or should have discovered any violation or suspected
violation of Part 16, Article 30, of Title 44, C.R.S., the Rules and Regulations
promulgated thereunder, security breaches, unintended disclosure of patron's personal
information, suspicious activity, or any other criminal violation.
3.3
Duty to update information.
All fantasy contest providers shall notify the Division, in writing, with any change to
information required in an application or renewal application within forty-five (45) days of
the change. Such changes shall include, but not be limited to, changes in officers or
directors, effective ownership of greater than 10%, and trade names.
3.4
Retention of Records.
Fantasy contest providers shall retain all books, records, and data relating to the
operation and management of fantasy contests, as well as information sufficient to trace
the deposits and withdrawals to a patron's account for at least three (3) years from the
date of creation. A fantasy contest provider may petition the Director for approval to
dispose of records prior to the three (3) year retention requirement.
3.5
Inspections.
A fantasy contest provider must immediately make available for inspection by the
Division, or its agents or investigators, local sheriffs, or their agents or investigators, and
police departments upon demand, all records produced, used or kept in connection with
fantasy contests, and all portions of the premises where fantasy contest system is
housed
3) year retention requirement.
3.5
Inspections.
A fantasy contest provider must immediately make available for inspection by the
Division, or its agents or investigators, local sheriffs, or their agents or investigators, and
police departments upon demand, all records produced, used or kept in connection with
fantasy contests, and all portions of the premises where fantasy contest system is
housed. Upon demand, employees and agents of the Division, must be given immediate
access to any portion of their premises for the purpose of inspecting or examining
records or documents, fantasy contest systems, or the conduct of fantasy contest
activity.
3.6
Access to premises and production of records.
No fantasy contest provider may neglect or refuse to produce records or evidence or to
give information upon demand by the Division. No fantasy contest provider shall
interfere or attempt to interfere with lawful efforts by the Division to obtain or produce
such information.
3.7
Advertising.
A fantasy contest provider shall not allow, conduct, or participate in any false or
misleading advertising concerning its operations.
(1)
In addition, all offers and bonuses must:
(a)
Include terms and conditions that are full, accurate, clear, concise,
transparent, and do not contain misleading information;

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(b)
Have advertising materials that include any material terms and conditions
for that offer or bonus and have those material terms in close proximity to
the headline claim of the offer or bonus and in reasonably prominent size;
(c)
Not be described as free unless the patron does not have to risk, lose or
deposit their own money;
(d)
If the patron has to risk or lose their own money or has conditions
attached to their own money, then the offer or bonus must disclose those
terms;
(e)
Not be described as risk free if the patron needs to incur any loss or risk
their own money to use or withdraw winnings from the risk free contests;
and
described as free unless the patron does not have to risk, lose or
deposit their own money;
(d)
If the patron has to risk or lose their own money or has conditions
attached to their own money, then the offer or bonus must disclose those
terms;
(e)
Not be described as risk free if the patron needs to incur any loss or risk
their own money to use or withdraw winnings from the risk free contests;
and
(f)
Not restrict the patron from withdrawing their own funds or withdrawing
winnings from contests placed using their own funds.
Providers shall implement commercially reasonable methods to ensure players that self-
exclude shall not, while on the exclusion list, be able to redeem points, bonuses, comps
or freeplay.
3.8
Closing of a fantasy contest operation; dissolution.
(1)
A fantasy contest provider must notify the Division at least sixty (60) days prior to
ceasing operations, or the change of ownership, or as soon as the operator
knows that closing is imminent, whichever period is shorter.
(2)
Within 30 days of notice to the Division, the fantasy contest provider must submit
to the Division a closing plan regarding the disposition of patron accounts, funds
in those accounts, and on- going fantasy contests.
(3)
Upon the dissolution of a fantasy contest provider that is a corporation, company,
partnership or association, the fantasy contest provider shall surrender their
license or registration within 10 days of the dissolution effective date.
BASIS AND PURPOSE FOR RULE 4
The purpose of Rule 4 is to establish the requirements for patron accounts and to direct
fantasy contest providers to establish internal control procedures. The statutory basis
for Rule 4 is found in sections 44-30-203, C.R.S., 44-30-204, C.R.S., 44-30-1604,
C.R.S., 44-30-1606, C.R.S., 44-30-1607, C.R.S., and 44-30-1610, C.R.S., and Part 16
of Article 30 of Title 44.
RULE 4
REQUIREMENTS OF FANTASY CONTEST PROVIDERS
4.1
Patron accounts.

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(1)
Account required.
h internal control procedures. The statutory basis
for Rule 4 is found in sections 44-30-203, C.R.S., 44-30-204, C.R.S., 44-30-1604,
C.R.S., 44-30-1606, C.R.S., 44-30-1607, C.R.S., and 44-30-1610, C.R.S., and Part 16
of Article 30 of Title 44.
RULE 4
REQUIREMENTS OF FANTASY CONTEST PROVIDERS
4.1
Patron accounts.

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(1)
Account required.
(a)
A fantasy contest provider shall use technologically reasonable measures
to limit each patron to one (1) active account.
(b)
A fantasy contest provider shall implement rules and publish procedures
to terminate all accounts of any patron that knowingly and intentionally
establishes or seeks to establish multiple active accounts, in contravention
of this Rule, whether directly or by use of another person as a proxy.
(2)
Account requirements.
Before a patron is allowed to enter a fantasy contest, a fantasy contest provider
shall:
(a)
Create an electronic patron file, which shall include at a minimum:
(i)
The patron’s legal name;
(ii)
The patron’s date of birth;
(iii)
The patron’s fantasy account number or username;
(iv)
The patron’s residential address; a post office box is not
acceptable;
(v)
The patron’s electronic mail address;
(vi)
The patron’s telephone number;
(vii)
Any other information collected from the patron used to verify his or
her identity;
(viii)
The method used to verify the patron’s identity; and
(ix)
The date of verification.
(b)
Encrypt all of the following information contained in an electronic patron
file:
(i)
Any portion of the patron’s Social Security number or equivalent
identification number for a noncitizen patron, such as a passport or
taxpayer identification number;
(ii)
The patron’s passwords and PINs; and
(iii)
The patron’s personal financial information.

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(c)
Record the patron’s acceptance of the fantasy contest provider's terms
and conditions.
the patron’s Social Security number or equivalent
identification number for a noncitizen patron, such as a passport or
taxpayer identification number;
(ii)
The patron’s passwords and PINs; and
(iii)
The patron’s personal financial information.

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(c)
Record the patron’s acceptance of the fantasy contest provider's terms
and conditions.
(d)
A fantasy contest provider must collect the patron’s telephone number, as
required under Rule 4.1(2)(a)(vi), from all patrons opening new accounts
as of January 30, 2024. A fantasy contest provider must collect the
patron’s telephone number, as required under Rule 4.1(2)(a)(vi), from all
patrons with active accounts by July 1, 2024. Fantasy contest providers
are not required to collect patrons’ telephone numbers, as required under
Rule 4.1(2)(a)(vi), from all patrons with inactive or dormant accounts.
(3)
Age and identity verification.
A full identity check and verification must be completed before a patron is
allowed to enter a fantasy contest:
(a)
Only patrons eighteen (18) years of age and older may deposit funds or
participate in a fantasy contest.
(b)
Patron verification must use commercially reasonable standards to
confirm that the patron is not a prohibited participant.
(c)
Third-party service providers may be used for age and identity verification
of patrons.
(4)
Transfer of funds prohibited.
A fantasy contest provider shall not permit a patron to transfer funds from their
patron account to another patron's account.
(5)
Account closure.
A fantasy contest provider shall provide a conspicuous and readily accessible
method for a patron to close their account. Any balance remaining in a patron’s
account closed by a patron shall be refunded pursuant to the provider’s internal
controls.
(6)
Patron account withdrawal.
(a)
A patron must be allowed to withdraw funds maintained in his or her
account, whether such account is open or closed.
A fantasy contest provider shall provide a conspicuous and readily accessible
method for a patron to close their account. Any balance remaining in a patron’s
account closed by a patron shall be refunded pursuant to the provider’s internal
controls.
(6)
Patron account withdrawal.
(a)
A patron must be allowed to withdraw funds maintained in his or her
account, whether such account is open or closed.
(b)
A fantasy contest provider must honor such patron request to withdraw
funds within five (5) business days of the request, unless the conditions
set forth in subsection (d) are met.
(c)
A fantasy contest provider should use commercially reasonable standards
to verify that the funds withdrawn pursuant to a patron request are

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transferred to an account in the name of the patron or mailed by check to
the patron's address.
(d)
A fantasy contest provider may decline to honor a patron request to
withdraw funds if the provider believes in good faith that the patron
engaged in either fraudulent conduct or other conduct that would put the
operator in violation of the law. In such cases, the fantasy contest provider
shall:
(i)
Provide notice to the patron of the nature of the investigation of the
account; and
(ii)
Conduct its investigation in a reasonable and expedient fashion,
providing the patron additional written notice of the status of the
investigation every tenth business day starting from the day the
original notice was provided to the patron.
on of the law. In such cases, the fantasy contest provider
shall:
(i)
Provide notice to the patron of the nature of the investigation of the
account; and
(ii)
Conduct its investigation in a reasonable and expedient fashion,
providing the patron additional written notice of the status of the
investigation every tenth business day starting from the day the
original notice was provided to the patron.
(e)
For purposes of this provision, a request for withdrawal will be considered
honored if it is processed by the fantasy contest provider notwithstanding
a delay by a payment processor, credit card issuer, or the custodian of a
financial account.
(7)
Dormant patron accounts.
A fantasy contest provider shall consider a patron account to be dormant if the
patron has not logged into the account for at least three (3) years calculated from
the patron’s last log-in date. A dormant account shall be closed by the fantasy
contest provider.
(8)
Unclaimed funds in a dormant patron account.
(i)
Subject to the provisions of section 38-13-201, C.R.S., funds of
patrons that remain in a dormant patron account shall be presumed
abandoned.
(ii)
The fantasy contest provider shall report and deliver all funds of
patrons that are presumed abandoned to the office of the Colorado
Department of the Treasury as provided in section 38-13-201,
C.R.S.
(iii)
At least sixty (60) days prior to reporting any funds of the patron to
the Colorado Department of the Treasury, the fantasy contest
provider shall provide notice to the patron’s last known physical or
email address and conduct due diligence to locate the patron.
4.2
Internal controls.

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(1)
Fantasy contest providers shall establish and adhere to internal controls that, at
minimum, address compliance with the following:
(a)
Monitoring, investigating, resolving, documenting, and reporting security
incidents associated with information technology systems;
nduct due diligence to locate the patron.
4.2
Internal controls.

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(1)
Fantasy contest providers shall establish and adhere to internal controls that, at
minimum, address compliance with the following:
(a)
Monitoring, investigating, resolving, documenting, and reporting security
incidents associated with information technology systems;
(b)
Testing to ensure that the fantasy contest provider's platform meets or
exceeds current industry standards;
(c)
Protecting the privacy and online security of patrons and their accounts,
including procedures preventing unauthorized withdrawals from patron
accounts;
(d)
Geolocation services to verify a patron's physical location;
(e)
Suspending or banning the account of patrons who violate a fantasy
contest provider's internal procedures, the rules or terms of a fantasy
contest, or fantasy contest law;
(f)
Providing fantasy contest patrons with access to information on
responsible gaming;
(g)
Mitigating the risk of fraud, cheating, and/or money laundering;
(h)
Verifying the true identity of patrons;
(i)
Handling patron complaints;
(j)
Creating, updating, adjusting, and closing patron accounts;
(k)
Closing out dormant patron accounts; and
(l)
Procedures to address the consumer protections listed in section 44-30-
1607(1), C.R.S., including:
(i)
Preventing prohibited participants from competing in fantasy
contests offered by the provider;
(ii)
Preventing the sharing of confidential information that could affect a
fantasy contest until the information is made public;
(iii)
Verifying patrons are eighteen (18) years of age or older;
(iv)
Allowing patrons to a voluntarily restrict themselves from entering
fantasy contests program and preventing those individuals from
entering fantasy contests;

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aring of confidential information that could affect a
fantasy contest until the information is made public;
(iii)
Verifying patrons are eighteen (18) years of age or older;
(iv)
Allowing patrons to a voluntarily restrict themselves from entering
fantasy contests program and preventing those individuals from
entering fantasy contests;

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(v)
Clearly disclosing the maximum number of entries that a fantasy
contest patron may submit to each fantasy contest and prevent
patrons from exceeding that number;
(vi)
Segregating fantasy contest patron funds from operation funds and
maintaining a reserve for the benefit and protection of the funds;
(vii)
Distinguishing highly experienced players from beginner players
and ensuring that highly experienced players are clearly identified
to all patrons;
(viii)
Identifying authorized scripts that are made readily available to all
fantasy contest players and detecting and preventing unauthorized
scripts;
(ix)
Clearly disclosing all rules governing the fantasy contests;
(x)
Clearly disclosing the material terms of each promotional offer at
the time the offer is advertised; and
(xi)
Limiting each fantasy contest patron to one account.
(2)
Fantasy contest providers shall submit a copy of their internal controls to the
Division upon request.
BASIS AND PURPOSE FOR RULE 5
The purpose of Rule 5 is to specify the requirements of fantasy contest providers
regarding responsible gaming and patron self-exclusion. The statutory basis for Rule 5
is found in sections 44-30-203, C.R.S., 44-30-204, C.R.S., 44-30-1604, C.R.S., 44-30-
1607, C.R.S., and Part 16 of Article 30 of Title 44.
RULE 5
RESPONSIBLE GAMING AND SELF EXCLUSION
5.1
Display of responsible gaming logo.
Each fantasy contest provider's website or mobile application shall display a responsible
gaming logo in a manner approved by the Director to direct a patron to the operator's
responsible gaming webpage
-203, C.R.S., 44-30-204, C.R.S., 44-30-1604, C.R.S., 44-30-
1607, C.R.S., and Part 16 of Article 30 of Title 44.
RULE 5
RESPONSIBLE GAMING AND SELF EXCLUSION
5.1
Display of responsible gaming logo.
Each fantasy contest provider's website or mobile application shall display a responsible
gaming logo in a manner approved by the Director to direct a patron to the operator's
responsible gaming webpage. The responsible gaming webpage shall be accessible to
a patron throughout a patron session and shall contain, at a minimum, the following:
(1)
A prominent message that states, “Gambling problem? Call or TEXT 1-800-
GAMBLER”;
(2)
A direct link to a website and other reputable internet resources dedicated to
helping people with potential gambling problems, as approved by the Director;
and,

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(3)
A clear statement of the fantasy contest provider's policy and commitment to
responsible gaming along with a link to the provider's self-exclusion program.
5.2
Self-exclusion program.
(1)
Each fantasy contest provider shall establish and maintain a self-exclusion
program for patrons. The program shall be clearly accessible to patrons and
include, at minimum, the ability for patrons to self-exclude from all fantasy
contests.
(2)
Fantasy contest providers shall make all reasonable efforts to ensure patrons
that have self-excluded do not receive direct marketing or advertising material
from the provider and/or the provider’s marketing affiliates.
BASIS AND PURPOSE FOR RULE 6
The purpose of Rule 6 is to establish procedures for patron disputes and citizen
complaints. The statutory basis for Rule 6 is found in sections 44-30-203, C.R.S., 44-30-
204, C.R.S., 44-30-1604, C.R.S., 44-30-1605, C.R.S., 44-30-1610, C.R.S., and Part 16
of Article 30 of Title 44.
RULE 6
PATRON COMPLAINTS
6.1
Patron Disputes.
nd/or the provider’s marketing affiliates.
BASIS AND PURPOSE FOR RULE 6
The purpose of Rule 6 is to establish procedures for patron disputes and citizen
complaints. The statutory basis for Rule 6 is found in sections 44-30-203, C.R.S., 44-30-
204, C.R.S., 44-30-1604, C.R.S., 44-30-1605, C.R.S., 44-30-1610, C.R.S., and Part 16
of Article 30 of Title 44.
RULE 6
PATRON COMPLAINTS
6.1
Patron Disputes.
(1)
Fantasy contest providers shall develop and prominently publish procedures by
which a patron may file a complaint with the provider about any aspect of the
provider's operations.
(2)
It is the responsibility of the fantasy contest provider to attempt to resolve all valid
disputes directly with the patron.
(3)
Whenever a fantasy contest provider refuses payment of alleged winnings to a
patron or there is otherwise a dispute with a patron regarding their patron
account, entries, wins, or losses from fantasy contests, and the provider and the
patron are unable to resolve the dispute to the satisfaction of the patron, the
provider shall notify the patron of their right to file a written complaint with the
provider. The notice shall include the procedure for filing a written complaint and
the complaint resolution process.
(4)
Upon receipt of a written complaint, a fantasy contest provider shall investigate
and provide a written response to the patron within ten (10) days. The response
shall include a statement that if the dispute is not resolved to the satisfaction of
the patron, the patron may submit their complaint in writing to the Division within
30 days of receiving the response pursuant to Regulation 6.2.
6.2
Citizen complaints authorized.

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ovide a written response to the patron within ten (10) days. The response
shall include a statement that if the dispute is not resolved to the satisfaction of
the patron, the patron may submit their complaint in writing to the Division within
30 days of receiving the response pursuant to Regulation 6.2.
6.2
Citizen complaints authorized.

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Any person claiming that a fantasy contest provider has engaged in conduct violating a
provision of Part 16, Article 30, of Title 44, C.R.S. or the Rules and Regulations
promulgated thereunder may file a sworn written complaint to the Division on form
designated by the Division. The complaint must completely detail the conduct and the
specific fantasy contest statute or regulation or other legal requirement alleged to have
been violated. The Division will notify the fantasy contest provider and any other
affected parties of the complaint. Once notified, the fantasy contest provider has ten
(10) business days to provide the Division a written response to the Complaint.
6.3
Dismissal of citizen complaint.
The Director must examine the complaint, any answer provided by the fantasy contest
provider, and other supporting documents to determine whether the complaint has
merit, is frivolous, or whether it charges conduct constituting grounds for disciplinary
action. The Director may conduct any investigation deemed appropriate to make this
decision.
(1)
The Director may reject a complaint if it does not meet the requirements of this
section.
(2)
If the Director determines that the complaint is without merit, is frivolous, or does
not charge conduct constituting grounds for disciplinary action, the Director may
dismiss the complaint and notify the involved parties stating the reasons for
dismissal.
ion deemed appropriate to make this
decision.
(1)
The Director may reject a complaint if it does not meet the requirements of this
section.
(2)
If the Director determines that the complaint is without merit, is frivolous, or does
not charge conduct constituting grounds for disciplinary action, the Director may
dismiss the complaint and notify the involved parties stating the reasons for
dismissal.
(3)
If the Director determines the complaint has merit, the Director may decide to
initiate formal disciplinary proceedings where grounds exist to sustain their
initiation.
BASIS AND PURPOSE FOR RULE 7
The purpose of Rule 7 is to establish procedures for disciplinary actions and the
informal resolution of allegations of violations of the provisions of article 30 of title 44
C.R.S., or any Rules and Regulations promulgated thereunder, to provide procedures to
impose sanctions for violations, and to provide for certain conditions to be met for
reissuance of licenses to persons who formerly held a license. The statutory basis for
Rule 7 is found in sections 24-4-104, C.R.S., 24-4-105, C.R.S., 44-30-203, C.R.S., 44-
30-204, C.R.S., 44-30-1604, C.R.S., 44-30-1605, C.R.S., 44-30-1606, C.R.S., 44-30-
1610, C.R.S., 44-30-1613, C.R.S., and Part 16 of Article 30 of Title 44.
RULE 7
DISCIPLINARY ACTION
7.1
Grounds for disciplinary action.
For the purposes of this Rule 7, the term “license” shall mean both a fantasy contest
operator license and small fantasy contest operator registration.

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S., 44-30-1605, C.R.S., 44-30-1606, C.R.S., 44-30-
1610, C.R.S., 44-30-1613, C.R.S., and Part 16 of Article 30 of Title 44.
RULE 7
DISCIPLINARY ACTION
7.1
Grounds for disciplinary action.
For the purposes of this Rule 7, the term “license” shall mean both a fantasy contest
operator license and small fantasy contest operator registration.

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The Director may fine, suspend, revoke, or otherwise modify any fantasy contest
provider license issued or reissued by the Division for any violations by the fantasy
contest provider, or the provider's employees or agents, of any of the provisions of Part
16, Article 30, of Title 44, C.R.S., or any of the Rules and Regulations promulgated
thereunder except as limited in section 44-30-1605(2)(b)(II), C.R.S. Acceptance of a
fantasy contest provider license or renewal thereof constitutes an agreement on the part
of the fantasy contest provider to be bound by all the Rules and Regulations as the
same now are or may hereafter be amended or promulgated. It is the responsibility of
the fantasy contest provider to keep self-informed of all such Rule and Regulations, and
ignorance thereof will not excuse violations.
7.2
Initiation of disciplinary proceedings.
After an investigation by the Director, the Director determines that there is probable
cause to believe that a fantasy contest provider violated any of the provisions of Part 16,
Article 30, of Title 44, C.R.S., or the Rules and Regulations thereunder, or that
violations by the fantasy contest provider of laws other than the fantasy contest laws
make the provider no longer suitable for a license, the Director may order that an
administrative hearing before the Hearings Division be held.
7.3
Informal consultation
y contest provider violated any of the provisions of Part 16,
Article 30, of Title 44, C.R.S., or the Rules and Regulations thereunder, or that
violations by the fantasy contest provider of laws other than the fantasy contest laws
make the provider no longer suitable for a license, the Director may order that an
administrative hearing before the Hearings Division be held.
7.3
Informal consultation.
If the Director considers a citizen complaint, or any other allegations, to be grounds for
disciplinary action, the Director may consult with the fantasy contest provider and the
parties affected in an effort to resolve the matter satisfactorily without a formal hearing.
The Director must notify the complainant, the fantasy contest provider, and affected
parties of the results of the informal consultation. The informal consultation does not
prevent the Director from conducting a formal hearing or administering disciplinary
action against the provider.
7.4
Assurance of voluntary compliance.
The Director may accept an assurance of voluntary compliance regarding any act or
practice alleged to violate Part 16, Article 30, of Title 44, C.R.S., or the Rules and
Regulations thereunder, from a person who has engaged in, is engaging in, or is about
to engage in such acts or practices. The assurance must be in writing and may include
a stipulation for the voluntary payment of the costs of the investigation and an amount
necessary to restore to a person money or property which may have been acquired by
the alleged violator because of the acts or practices. An assurance of voluntary
compliance may not be considered an admission of a violation for any purpose;
however, proof of failure to comply with the assurance of voluntary compliance is prima
facie evidence of a violation of Article 30 of Title 44, C.R.S., or the Rules and Regulation
thereunder.
7.5
Criminal convictions as grounds for revocation or suspension.

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ry
compliance may not be considered an admission of a violation for any purpose;
however, proof of failure to comply with the assurance of voluntary compliance is prima
facie evidence of a violation of Article 30 of Title 44, C.R.S., or the Rules and Regulation
thereunder.
7.5
Criminal convictions as grounds for revocation or suspension.

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The Director may revoke or suspend the fantasy contest provider license of any person
who is convicted of a crime, even though the convicted person's post-conviction rights
and remedies have not been exhausted, if the crime or conviction involves a felony.
7.6
Facts of criminal charge.
The charge in any jurisdiction of a fantasy contest provider with a felony is grounds for
disciplinary action. The Director may find the provider guilty of a violation of this article
based on the facts of the criminal charge even though the fantasy contest provider, or
the provider's employee or agent, has been acquitted on the criminal charge.
7.7
Summary suspension.
(1)
Where the Director has objective and reasonable grounds to believe and finds
that a fantasy contest provider has been guilty of a deliberate and willful violation
of any of the provisions of Article 30 of Title 44, C.R.S., or the Rules and
Regulations thereunder, or that due to other violations of law by the fantasy
contest provider or its patrons, the public health, safety, or welfare imperatively
requires emergency action, and where the Director incorporates such findings in
its order, the Director may summarily suspend the fantasy contest provider's
license pending disciplinary proceedings for suspension or revocation. Any such
disciplinary proceedings shall be promptly instituted and determined.
e fantasy
contest provider or its patrons, the public health, safety, or welfare imperatively
requires emergency action, and where the Director incorporates such findings in
its order, the Director may summarily suspend the fantasy contest provider's
license pending disciplinary proceedings for suspension or revocation. Any such
disciplinary proceedings shall be promptly instituted and determined.
(2)
The summary suspension of a license without notice pending a hearing shall be
for a period not to exceed thirty (30) days except that a fantasy contest provider
may waive the thirty (30) day hearing requirement by requesting a continuance in
writing no later than five (5) business days prior to the scheduled hearing. In no
event, however, shall the requested continuance be granted unless the fantasy
contest provider requesting the continuance has complied with the order of
summary suspension by surrendering such provider's license to the Division.
7.8
Conditions imposed for reissuance of license.
The Director may require a fantasy contest provider who formerly held a license to meet
certain conditions before reissuing a license to that provider, including but not limited to
the following:
(1)
Restitution of money;
(2)
Restitution of property; and
(3)
Making periodic reports to the Director as required.
7.9
Costs.
(1)
In addition to the sanction or denial of any license by the Director, the Director
may direct the payment by the applicant or fantasy contest provider of any
reasonable costs incurred by the Division, party, or witness.

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(a)
The Director may enter any such order of its own initiative, or upon timely
application and showing by the Division or any other party or witness in
the action prior to the expiration of any time for appealing the underlying
order.
nt or fantasy contest provider of any
reasonable costs incurred by the Division, party, or witness.

CODE OF COLORADO REGULATIONS
1 CCR 207-3
Division of Gaming

23
(a)
The Director may enter any such order of its own initiative, or upon timely
application and showing by the Division or any other party or witness in
the action prior to the expiration of any time for appealing the underlying
order.
(b)
The filing of such an application does not stay the effectiveness of the
underlying order.
(2)
Reimbursable costs shall include, but are not limited to: witness fees and per
diem; expert witness fees; duplication costs; court reporter, transcription, and
other costs incurred in administering or preserving any record; extraordinary
staffing costs of the Division; legal fees; expenses incurred in commencing,
accommodating, or conducting the hearing; investigative costs; exhibit costs; and
any other judicially or statutorily recognized cost, whether incurred prior or
subsequent to the conclusion of the investigation of the matter.
(3)
The Director reserves the discretion to deny, in whole or in part, any request for
reimbursement of costs.
(4)
Unless otherwise ordered, costs must be paid to the ordered recipient on or
before the thirtieth day from the date of the order awarding the costs, unless
stayed by the Director or other court of competent jurisdiction. Failure to pay and
tender costs as ordered shall constitute grounds for sanction, including fine and
revocation of any license or other affirmative approval.

CODE OF COLORADO REGULATIONS
1 CCR 207-3
Division of Gaming

24

## Nearby sections

- [1 CCR 207-1 GAMING REGULATIONS](https://www.frixlaw.com/law-library/statutes/STATE_CO_CCR_1_CCR_207_1.md)
- [1 CCR 207-2 SPORTS BETTING REGULATIONS](https://www.frixlaw.com/law-library/statutes/STATE_CO_CCR_1_CCR_207_2.md)
- [1 CCR 207-3 RULES OF FANTASY CONTEST OPERATOR LICENSING AND REGISTRATION](https://www.frixlaw.com/law-library/statutes/STATE_CO_CCR_1_CCR_207_3.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_CCR_1_CCR_207_3. Check the current official text before relying on it. Not legal advice.