As used in this part 16, unless the context otherwise requires:

1. (1) Applicant means a person that has applied for an initial license or registration or a renewal license or registration to operate in Colorado as a fantasy contest or a small fantasy contest operator. An applicant must be the individual or entity that is responsible for the financial and contractual obligations of the fantasy contest provider.
2. (1.5) Confidential information means information related to the play of a fantasy contest by fantasy contest players obtained as a result of or by virtue of an individual's employment.
3. (2) Director means the director of the division of gaming.
4. (3) Entry fee means cash or cash equivalents that are required to be paid by a fantasy contest player to a fantasy contest operator in order to participate in a fantasy contest.

5. (4) Fantasy contest means a fantasy or simulated game or contest in which:

   1. (a) The value of all prizes and awards offered to winning participants is established and made known to the participants in advance of the contest;
   2. (b) 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; and
   3. (c) Winning outcomes are not based on randomized or historical events or on the score, point spread, or any performance of any single actual sports team or combination of the teams or solely on any single performance of an individual athlete in any single actual sporting event.
6. (5) Fantasy contest operator means a person or entity that offers fantasy contests with an entry fee for a cash prize to members of the public.
7. (6) Fantasy contest player means a person who participates in a fantasy contest with an entry fee offered by a fantasy contest operator.
8. (6.1) General partner means an individual engaged with at least one other individual for the purpose of joint profit, thereby creating a general partnership.
9. (6.5) Managing officer means an individual who manages the day-to-day operations of a fantasy contest and is responsible for executing the decisions made by the board of directors of the fantasy contest, if applicable.
10. (7) Small fantasy contest operator means a fantasy contest operator that has no more than seven thousand five hundred fantasy contest players in Colorado with active accounts who participate in fantasy contests with an entry fee.

Source: L. 2020: Entire part added with relocations, (HB 20-1286), ch. 269, p. 1305, § 2, effective July 10. L. 2025: (1) and (2) amended and (1.5), (6.1), and (6.5) added, (SB 25-146), ch. 342, p. 1859, § 13, effective June 2.

Editor's note: This section is similar to former § 12-125-103 as it existed prior to 2020.