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Massachusetts Wants Fantasy SPorts Regulated
Saturday October 31,2015 : REGULATE D.F.S. SAY MASSACHUSETTS REGULATORS (Update)
Similarities with other forms of gambling cited.
The meteoric rise of daily fantasy sports, and its similarity to other forms of gambling, prompted Massachusetts regulators to come out in support of the vertical's regulation Thursday.
Massachusetts Gaming Commissioner Enrique Zuniga told the Associated Press news agency: "There are enough similarities to other forms of gambling that it warrants regulation," whilst Commissioner James McHugh commented: "You need to have somebody watching carefully when big sums of money are being transferred."
The Massachusetts Gaming Commission is beginning public discussions on what direction the state should take regarding DFS, and the five-member regulatory panel discussed the issue Thursday, promising to quickly deliver a policy paper in order to guide members of the state legislature on the issue.
Chairman Stephen Crosby said that the industry needs to know what the "rules of the road" are, and that it was necessary for Massachusetts officials to move quickly on the issue.
Following the panel's meeting, a spokesman for one of the market leaders, FanDuel, said that the company supports the concept of regulation, but warned that the imposition of casino gaming style restrictions could slow DFS development.
"This industry is not brick-and-mortar casinos. It's conducted in a completely different manner," the spokesman said. "To the extent that there is any risk, it's not anywhere near as profound as in a casino or a traditional lottery."
Jason Robins, CEO of the other market leader, DraftKings, said his company is committed to working with the commissioners and other authorities to ensure the DFS industry is operating transparently.
Regulatory staff have challenged the DFS industry's contention that daily fantasy sports is exempt from the provisions of the UIGEA, observing in a memo to the commissioners that the variant did not even exist when the act was passed in 2006.
The 12-page memo notes that commissioners need specific legislative authority to regulate daily fantasy sports.
Associated Press observes that Massachusetts is one of at least nine states looking into regulating fantasy websites.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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