Virginia becomes first U.S. state to regulate fantasy sports

Virginia Governor Terry McAuliffe has signed a bill that makes the state the first in the United States to regulate fantasy sports, a multibillion-dollar online business whose legality has been challenged across the country.

The measure signed by McAuliffe, a Democrat, mandates that players be 18 or older, offers players limits on how much they can bet, requires annual audits and bars employees from competing in company contests.

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