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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.



Gambling News :

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

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