With the rise of popularity and monetary value in fantasy sports, lawmakers are cracking down on the regulations for each state. Legislation is quickly becoming a very concerning issue for fantasy sports businesses, especially small businesses like Apex. Many states are actively passing new laws to regulate and potentially limit your ability to enjoy playing the game you love.
With this legislation, fantasy football contest providers are forced to follow many measures in order to comply with state laws, this includes but is not limited to:
- Checking Identification (Procedures to Prevent Prohibited Players)
- Segregating and Protecting Players’ Funds which we put in a CPA-audited trust
- Forcing Players to Register Accounts
- Differentiating between Highly Experienced and Beginner Players
Unfortunately, this has become the norm in this industry because of laws passed by multiple states. You can see a state-by-state breakdown here.
While we would have preferred to continue to run our leagues how we have in the past, it simply isn’t an option if we want to comply with the law. When complying with the law, partnering with DataForce was the best way for us to maintain our high payouts and remain profitable.
Although players are required to register an account and upload their identification, the process is very simple and does not take more than a few minutes. Once you’ve registered your account, signing up for leagues with be easier than ever. By going through this process, you will allow us to continue to provide great payouts and enhancements! After the sign-up process, your Apex experience will remain exactly the same as it has been in the past, if not better!