As used in this section and sections 29-143j, 53-200 and 53-201 “amateur boxing match” means a boxing match which is no longer than five three-minute rounds in which no contestant has received or is to receive, directly or indirectly, any money, reward or compensation either from the expenses of any amateur boxing program or the expenses of training or for taking part in such program or training. No person shall appear as a contestant in an amateur boxing match unless such person wears protective headgear and boxing gloves weighing not less than twelve ounces, and has not, within twenty-four hours of such match, appeared as a contestant in any other amateur boxing match. No person shall appear as a contestant in an amateur boxing match if such person has received any compensation or reward in any form for displaying, exercising, or rendering services of any kind to any athletic organization, or to any person or persons, as trainer, coach or instructor, or if such person may have been employed in any professional capacity by reason of such person’s athletic skill or knowledge. For the purpose of this section, a prize such as a medal, trophy, watch, ring or other jewelry, or articles of wearing apparel may be awarded to any contestant and shall not be considered money, reward or compensation. Any contestant may be reimbursed with money for such reasonable expenses as may be incurred by such contestant in traveling to and from such amateur boxing match, subject to the approval of the commissioner. The commissioner shall adopt regulations, in accordance with chapter 54, concerning the age of the participants in amateur boxing matches.