(a) The provisions of this chapter shall not be construed to apply to any match, contest, or exhibition:
(1) In which the contestants are all amateurs; and
(2) Which is governed or authorized by:
(A) U.S.A. Boxing;
(B) The Georgia High School Athletic Association;
(C) The National Collegiate Athletic Association;
(D) Amateur Athletic Union;
(E) Golden Gloves;
(F) Team Georgia Amateur Wrestling;
(G) USA Wrestling;
(H) National High School Coaches Association;
(I) North American Sport Karate Association;
(J) International Sport Kick Boxing/Karate Association;
(K) World Kick Boxing Association;
(L) United States Kick Boxing Association;
(M) International Sport Combat Federation;
(N) Professional Karate Commission;
(O) International Kick Boxing Federation; or
(P) The local affiliate of any organization listed in this paragraph.
(b) The provisions of this chapter shall not apply to any matches, contests, or exhibitions of professional wrestling or to a promoter or organization that promotes, organizes, or governs such matches, contests, or exhibitions where such promoter or organization is a corporation that, at the time of such matches, contests, or exhibitions:
(1) Is registered under the federal Securities Exchange Act of 1934; and
(2) Has total assets of not less than $25 million.
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