Virginia — Professional Boxing, Wrestling And Martial Arts Event Bond
Virginia's event-bond form bases security on the full-house gate amount plus contestant pay, capped at $100,000. Bring the actual event calculation and Department request before selecting this professional boxing, wrestling or martial-arts offering.
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- Recorded state
- Virginia
- Bond type
- Boxing / MMA Promoter Bond
- Category
- Entertainment, sports & recreation
What this bond does
Section 54.1-829 conditions promoter security on statutory fees and penalties and professional-contestant contracts. The posted event form names the Commonwealth of Virginia and includes legal compliance and damages caused by misstatement, misrepresentation, fraud or deceit.
- Who needs it
- The actual licensed promoter responding to the Department's event-security request. The statute exempts the promoter-bond subsection for an amateur-only event under a Director-approved sanctioning organization; that is not a blanket exemption for every amateur event.
- Who it protects
- The form allows an aggrieved person to proceed against principal, surety or both for covered violations, within the bond penalty. Security does not replace contestant insurance, promoter authorization, event approval or any required matchmaker license.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Virginia DPOR: event surety-bond form (opens in a new tab)Checked October 26, 2026
- Virginia DPOR: wrestling event license application (opens in a new tab)Checked October 26, 2026
- Virginia Code § 54.1-829: promoter security and exception (opens in a new tab)Checked October 26, 2026
Have these ready
- Obtain the current Department request and correct sport-specific event application.
- Prepare full-house ticket/gate figures, seating information and contestant-pay totals.
- Check the bond already on file against the current event's required amount and $100,000 form ceiling.
- Match the actual promoter, Commonwealth obligee, accepted condition and dates.
- Arrange required acknowledgements, authority documents, event approval and any separate matchmaker licensing.
Questions about this bond
Is the bond already on file enough for a bigger event?
The wrestling application specifically compares existing security with the new event total and calls for a supplemental or modified bond when deficient, within the posted ceiling. Obtain current Department directions before relying on the old filing.
Are all amateur events outside the bond requirement?
No. Section 54.1-829(B) identifies an amateur-only event under a Director-approved sanctioning organization. Confirm that exact status rather than assuming every amateur promotion qualifies.
Can I announce the wrestling event while paperwork is pending?
The posted wrestling application says not to announce or advertise before the Department approves it and issues the event license. Purchasing security is not that approval.