                                 CODE OF VIRGINIA

DEFINITIONS (§ 59.1-556)

As used in this chapter, unless the context requires otherwise:
		&#8220;Confidential information&#8221; means information related to the play
of a fantasy contest by fantasy contest players obtained as a result of or by
virtue of a person&#8217;s employment.
		&#8220;Department&#8221; means the Department of Agriculture and Consumer
Services.
		&#8220;Entry fee&#8221; means cash or cash equivalent that is required to be
paid by a fantasy contest participant to a fantasy contest operator in order to
participate in a fantasy contest.
		&#8220;Fantasy contest&#8221; includes any online fantasy or simulated game or
contest with an entry fee in which (i) the value of all prizes and awards
offered to winning participants is established and made known to the
participants in advance of the contest; (ii) all winning outcomes reflect the
relative knowledge and skill of the participants and shall be determined by
accumulated statistical results of the performance of individuals, including
athletes in the case of sports events; and (iii) no winning outcome is based on
the score, point spread, or any performance of any single actual team or
combination of teams or solely on any single performance of an individual
athlete or player in any single actual event.
		&#8220;Fantasy contest operator&#8221; or &#8220;operator&#8221; means a
person or entity that offers fantasy contests for a cash prize to members of the
public.
		&#8220;Fantasy contest player&#8221; or &#8220;player&#8221; means a person
who participates in a fantasy contest offered by a fantasy contest operator.
		&#8220;Principal stockholder&#8221; means any person who individually or in
concert with his spouse and immediate family members beneficially owns or
controls, directly or indirectly, 15 percent or more of the equity ownership of
a fantasy contest operator or who in concert with his spouse and immediate
family members has the power to vote or cause the vote of 15 percent or more of
the equity ownership of any such operator.

HISTORY: 2016, cc. 318, 703.