Location: RM 271
Final
BILL SUMMARY for HB16-1404
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
BILL SUMMARY for HB16-1404
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
| Votes: View--> | Action Taken: |
| <none> | <none> |
03:35 PM -- HB 16-1404
Representative Duran and Representative Wist introduced House Bill 16-1404. The bill establishes the licensing and regulation of fantasy contest operators and defines a fantasy contest. The bill creates the Office of Fantasy Contests (office) within the Department of Regulatory Agencies (DORA).
The bill sponsors provided the committee with a map (Attachment L), a handout from the Denver Broncos (Attachment M), amendment L.001 (Attachment N), and amendment L.002 (Attachment O).
The bill sponsors responded to questions from the committee.
04:04 PM -- Michael Skorupka, DORA, responded to questions from the committee.
04:17 PM -- Derek Hein, DraftKings, testified in support of the bill. Mr. Hein responded to questions from the committee.
04:30 PM -- Flavio Quintana, Colorado Division of Gaming, responded to questions from the committee.
04:34 PM -- Stacie Stern, Head2Head Sports, testified in support of the bill. Ms. Stern responded to questions from the committee.
04:38 PM -- Trey Franzoy, representing himself, spoke about his business and concerns with the bill.
04:42 PM -- Tammy Garamora, representing herself, spoke about her business and concerns with the bill.
04:51 PM -- Nick Gonzalez, representing himself, spoke about his business and concerns with the bill.
04:53 PM -- Matthew Lucero, representing himself, spoke about his former business and concerns with the bill.
04:56 PM
The bill sponsors and the committee discussed the two amendments that were previously distributed.
05:04 PM
Derek Hein, DraftKings, and Stacie Stern, Head2Head, returned to the table to respond to questions from the committee regarding the proposed amendments.
05:08 PM
The bill was laid over for action only at a later date.
05:08 PM
The committee adjourned.