A Promoter Surety Bond is a license and permit surety bond required of those who promote sporting events in certain government jurisdictions. The bond guarantees the promoter’s compliance with all applicable laws regulating their license as well as guarantees that the promoter will pay all obligations that will arise from their sporting events, thereby giving athletes and venue owners security for any payments that the promoter promises.
These bonds are also known as Boxing Promoter surety bonds, Wrestling Promoter surety bonds, Kickboxing Promoter surety bonds, Combat Sport surety bonds, Mixed Martial Arts Promoter surety bonds and Sports Promoter surety bonds.
Additionally some jurisdictions will require promoters obtain additional surety bonds. Some will require a match permit bond that covers a single event and the obligations due for that event. Others will require a tax bond that guarantees payment of all gross tax receipts owed for promoted events.