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Vermont DFS bill signed into law as Michigan introduces legislation

Vermont has become the 12th US state to regulate daily fantasy sports (DFS) after Governor Phil Scott signed a bill into law, while a new push to regulate the games gets underway in Michigan.
Scott ratified S136 on June 8th after it was approved by both of Vermont's legislative houses in May.
The bill requires operators to pay an annual registration fee of USD$5,000, plus a tax on revenue that will be determined at a later date after the initially proposed 6 per cent rate was removed from the bill.
It also requires operators to provide a self-exclusion system to players, prohibit their employees from entering contests, and to ensure that player funds are segregated from operational funds.
In Michigan, meanwhile, lawmakers have introduced HB4373, the Fantasy Sports Games Consumer Protection Act.
Similar to the Vermont bill, HB4373 requires operators to prohibit participation by company employees, with the ban extended to professional athletes and sporting officials, and also requires operators to ensure the segregation of funds. It proposes a $5,000 initial licence fee and $1,000 annual renewal fee. 
The bill has been referred to the House Committee on Regulatory Reform.
A competing bill, HB4742, has also been referred to the Regulatory Reform Committee. However, unlike HB4373, this bill aims to simply amend the state's penal code to create an exception to legalise fantasy contests.

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