What are the rules for Jake Paul vs. Mike Tyson? Fight officially sanctioned as professional bout

Jake Paul vs. Mike Tyson is a fully professional fight.

The Texas Department of Licensing and Regulations officially sanctioned the July 20 bout on Monday, meaning the result will go on both fighters' professional records.

“Mike Tyson and Jake Paul signed on to fight each other with the desire to do so in a sanctioned professional fight that would have a definitive outcome,” Most Valuable Promotions co-founder Nakisa Bidarian said in a statement.

“Over the past six weeks MVP has worked with its partners to satisfy the requirements of the Texas Department of Licensing and Regulations (TDLR) to sanction Paul Vs Tyson and we are grateful that we have gotten to this point."

Now that the fight has been sanctioned, the rules for the anticipated summer showdown have also been revealed. DAZN has the details below.

Jake Paul vs. Mike Tyson: Official fight rules

• Fight will be contested at heavyweight
• There will be a maximum of eight two-minute rounds
• Knockouts allowed
• Contestants will wear 14 oz. gloves
• The fighters will not wear headgear
• Result will go on the contestants' official records

The bout will take place at AT&T Stadium in Arlington, Texas.

Live on DAZN PPV: Tyson Fury vs. Oleksandr Usyk on May 18.  Click here for details.