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| Wyoming Combat Sport Promoter ($10,000) Bond |  |
| Wyoming Combat Sport Promoter (varies) Bond | |
Introduction
A Wyoming Combat Sport Promoter is an individual or business entity licensed by the state to organize, advertise, and manage combat sports events, including boxing, kickboxing, and mixed martial arts (MMA) within Wyoming. These promoters are responsible for arranging all aspects of the event—from getting venues and coordinating fighters to ensuring compliance with state laws and regulations.
In Wyoming, combat sports are regulated to protect the safety of participants and the integrity of events. As such, all combat sport promoters must be licensed and bonded by the state before hosting any matches or exhibitions.
Explanation: Wyoming Combat Sport Promoter Bond
The Wyoming Combat Sport Promoter Bond is a type of surety bond required by the Wyoming Department of Administration & Information – Professional Licensing Board for individuals or businesses that promote combat sports such as boxing, kickboxing, and mixed martial arts (MMA) events in the state.
This bond serves as a financial guarantee that the promoter will comply with all state laws, rules, and regulations governing combat sports in Wyoming, including properly paying fighters, officials, and event staff.
Purpose of the Bond
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Protects athletes, vendors, and the public from financial loss due to unethical or illegal promoter practices.
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Ensures promoters fulfill contractual obligations, including prize payments, venue contracts, and regulatory fees.
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Acts as a safeguard in the event the promoter fails to comply with Wyoming Statutes § 33-48-101 through § 33-48-118 (Wyoming Combat Sports Commission Act).
Key Highlights
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Required by: Wyoming Department of A&I or designated regulatory authority
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Applies to: Individuals or companies organizing combat sports events
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Bond amount: Typically set by the state depending on the size or frequency of events
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Duration: Must remain in effect for the duration of the license
Why It Matters
The bond is an important element of the licensing process, promoting accountability and financial integrity within the combat sports industry. Without it, a promoter cannot legally operate in Wyoming.
Step-by-Step Guide to Obtaining a Combat Sport Promoter Bond in Wyoming
If you’re planning to promote boxing, MMA, or other combat sports in Wyoming, you are legally required to secure a Combat Sport Promoter Bond. This bond protects the public, fighters, and the state from financial harm caused by a promoter’s failure to meet obligations.
Here’s a step-by-step guide to help you obtain your bond:
Step 1: Verify Licensing Requirements
Before applying for the bond, confirm the exact bonding requirements with the Wyoming Department of Administration & Information – Professional Licensing Board or the Wyoming State Boxing and Combat Sports Commission (if applicable).
Check:
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Required bond amount
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License application requirements
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Fees and renewal cycle
Step 2: Gather Necessary Information
When applying for a bond, you’ll need to provide:
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Legal business name or personal name (if applying individually)
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Business address and contact details
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Estimated size or scope of events (may influence bond amount)
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Social Security Number or EIN for background and credit check
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Personal and business financial information (in some cases)
Step 3: Choose a Surety Bond Provider
Select a licensed and reputable surety company or agency such as Swiftbonds. Ensure they are authorized to issue bonds in Wyoming and have experience with entertainment or sports-related bonds.
Step 4: Submit a Bond Application
Apply online or directly through your chosen provider. The process generally includes:
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Completing an online or paper application
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Undergoing a soft credit check (does not affect your score)
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Receiving a bond quote based on risk assessment
Step 5: Pay the Bond Premium
Once approved, pay the bond premium. This is typically 1% to 5% of the bond amount, depending on your credit and financial strength.
Step 6: Receive and Submit the Bond
You’ll receive a bond form signed by the surety and principal (you). Submit this bond form to the appropriate Wyoming licensing agency, either:
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Electronically (if accepted)
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By mail or in person
Step 7: Maintain and Renew the Bond
Combat Sport Promoter Bonds must be kept active as long as you are promoting events. Be sure to:
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Renew the bond annually or as required by your license
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Update the bond if your event size or scope changes
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Monitor compliance with state laws to avoid claims
Conclusion
Obtaining this bond demonstrates your commitment to professionalism, financial responsibility, and legal integrity, which are essential for maintaining the trust of participants, audiences, and regulatory authorities. Whether you’re launching your first event or managing a series of competitions, securing the proper bond is a foundational step in operating a compliant and successful promotion business in Wyoming.
Frequently Asked Questions (FAQs)
Here are some commonly asked questions regarding the Wyoming Combat Sport Promoter Bond:
How long is the bond valid?
Most bonds are issued for a one-year term and must be renewed annually to maintain compliance with Wyoming’s licensing requirements.
What happens if a claim is filed against my bond?
If a valid claim is filed (e.g., failure to pay fighters or follow regulations), the surety may compensate the claimant up to the bond amount. The promoter is then responsible for reimbursing the surety for the full claim amount.
Is the bond refundable?
No. The bond premium is a non-refundable payment for the issuance and maintenance of the bond for its term.
Can I get bonded with bad credit?
Yes. Many surety providers, including Swiftbonds, offer bonding options for applicants with less-than-perfect credit. However, the premium may be higher.
Do I need to purchase a new bond for each event?
Typically, one active bond covers all events you promote during the bond term, as long as your license remains in good standing and the bond remains valid.