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 act defines key terms such as "fantasy contest," "fantasy contest operator," and "participant," and assigns the Department of Business Regulation (DBR) the authority to oversee these operators.

Key provisions include the requirement for operators to obtain a license, which involves submitting an application, undergoing background checks, and providing necessary documentation. The act clarifies that fantasy contests are not classified as gambling and outlines the licensing fees based on the operator's adjusted gross fantasy contest receipts, with licenses valid for four years and subject to renewal.

The act also addresses consumer protection and responsible gaming by requiring operators to provide resources for individuals facing gaming issues and allowing for voluntary self-exclusion from contests. It imposes a ten percent tax on the adjusted gross receipts of operators, which must be reported monthly. Additionally, any prizes won by self-excluded individuals are to be forfeited and donated to problem gaming charities as directed by the department.

The act is designed to ensure fair practices, prevent fraud, and protect consumers while promoting responsible gaming behavior, and it will take effect upon passage.