How is Bully Beatdown legal

I watched Mayhem Miller's new MTV show, called Bully Beatdown, and I really want to know how this is legal. 

The show is billed as a bully being offered to fight a mixed-martial arts fighter for money. If the fighter wins then the victim of the bully receives the cash, if the bully wins then he gets the money. Sounds like a winner for MTV. 

Since The fights featured on the show are for money, wouldn't that require the state's athletic commission to sign off on the bout?

The bully is undoubtedly an amateur and the show alludes that the fighter is a professional (if the fighter is in fact an amateur then this may not matter). So doesn't that violate the laws of a state athletic commission. Even if the fight is a glorified sparring session --which is what the fights actually are since the bully has full gear on-- doesn't the exchange of money mean that the athletic commission needs to be involved. 

Is the commission involved and we just don't see it, or is the show fake?