The "Fantasy Sports Consumer Protection Act" establishes a regulatory framework for fantasy contest operators in the state, creating a new chapter in Title 5 of the General Laws. The bill defines essential terms such as "fantasy contest," "fantasy contest operator," and "participant," and assigns the Department of Business Regulation (DBR) the responsibility of overseeing these operators. Key provisions include the requirement for operators to obtain a license, undergo background checks, and submit documentation as part of the application process. The bill clarifies that fantasy contests are not classified as gambling and mandates operators to comply with regulations to maintain their licenses.

Additionally, the bill introduces a ten percent tax on the adjusted gross fantasy contest receipts of operators, effective from the fiscal year beginning July 1, 2025, with operators required to submit monthly tax returns to the DBR. It emphasizes responsible gaming practices, including a voluntary self-exclusion program for individuals with gaming problems, and mandates operators to report any participation by self-excluded individuals. The legislation aims to create a safer environment for fantasy sports contests while generating revenue for the state and ensuring consumer protection through measures such as age verification and geolocation technology.