Operation and regulation of fantasy contests -- Duties of corporation -- Restrictions -- Administrative regulations

Restrictions -- Administrative regulations. (1) The corporation shall promulgate administrative regulations in accordance with KRS Chapter 13A to govern the operation of fantasy contests and enforce KRS 230.830 to 230.848, but the corporation shall not limit or restrict lawful fantasy contests solely by labeling them as sports wagering, except the corporation may classify a contest as sports wagering when warranted by its actual characteristics and consistent with state and federal law. (2) The corporation shall: (a) Regulate the conduct of fantasy contest service providers; (b) Promulgate administrative regulations to regulate fantasy contests no later than one hundred eighty (180) days after July 15, 2026; (c) Require a fantasy contest service provider to use geolocation technology to verify that a fantasy contest participant is physically present in the Commonwealth when submitting an entry unless otherwise authorized by the corporation; and (d) Exercise any other powers necessary to enforce the provisions of KRS 230.830 to 230.848. (3) The corporation and fantasy contest service providers shall cooperate with investigations conducted by law enforcement agencies, including but not limited to providing and facilitating the provision of account level entry and participation information. (4) Any participant in a fantasy contest shall be at least eighteen (18) years old. (5) A licensed fantasy contest service provider shall not be forced to surrender or terminate a license prior to the date of expiration of the license solely by virtue of a change in the qualifications for licensure under KRS 230.830 to 230.848.