Virginia has become the first state to formally legalize daily fantasy sports by signing a bill detailing how DraftKings, FanDuel and related services can operate legally in the state. Governor Terry McAuliffe signed the Fantasy Contests Act yesterday. “Alongside undergoing two independent audits every year, fantasy sport sites must pay a $50,000 fee to operate in Virginia, impose policies to ensure all players are 18 years or older, and ban employees of fantasy sites from participating in public contests, among other consumer protection measures,” reports The Verge.