33-48-106. License application; fee and bond.
Application for a license to conduct mixed martial arts and boxing matches shall be in writing, shall be addressed to the commission and shall be verified by the individual promoter or by an officer of the club, organization or corporation on whose behalf the application is made. The application shall be accompanied by a fee as established by the commission in accordance with W.S. 33-1-201. The application shall show that the club, organization or corporation has been in existence not less than thirty (30) days. Before any license is issued under this chapter to any person, club, organization or corporation, the applicant shall file with the state treasurer a bond in an amount established by the commission, not to exceed the greater of ten thousand dollars ($10,000.00) or the total estimated expenses associated with the match, with good and sufficient surety, conditioned for the faithful performance of the conditions of this chapter. The applicant shall provide an estimate of the expenses for the match based on matches held at venues with similar audience capacity and other relevant factors. The commission shall verify that the application contains a good faith estimate of anticipated expenses for the match.