h_bus_2016a_2016-04-05t13:32:05z3 Hearing Summary

Date: 04/05/2016

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).



160405 AttachL.pdf160405 AttachM.pdf160405 AttachN.pdf160405 AttachO.pdf



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.