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Michael Epps warns against the application of casino-style regulations to DFS

FORMER NEW JERSEY REGULATOR SPEAKS ON DAILY FANTASY SPORTS
 
Michael Epps warns against the application of casino-style regulations to DFS.
 
Michael Epps, a ten-year former member of the New Jersey Casino Control Commission, entered the daily fantasy sports regulatory debate over the weekend with an op-ed in the publication NJ.com, warning against the application of casino-style regulations to DFS, and asserting that the vertical is "simply not the same beast".
 
Epps, who is upfront with the information that he has been retained by FanDuel to evaluate the regulatory landscape in New Jersey, makes his points against a backdrop of political and enforcement calls for the genre to be regulated, but claims that there are fundamental misperceptions about fantasy sports that are colouring the discussion.
 
"While the intentions in the legislature are good – protecting consumers – any effort to treat fantasy sports like casinos or online gambling is the wrong approach," Epps opines. "It's simply not the same beast and we don't need to limit the right to play fantasy sports in New Jersey by applying casino-style regulations."
 
Epps's departure point is that fantasy sports does not constitute gambling, because the games require  skill more than chance.
 
"Gambling is defined in state and federal law as games of chance," he writes. "Whereas fantasy sports is a game of skill – just ask a player. The key determining factor for consistent fantasy success is who understands the nuances of positive and negative correlation, game theory and – of course – the sports themselves.
 
"Fantasy players research and evaluate professional athletes, review their schedules and individual matchups and look at a myriad of other variables – and that is same dynamic in a season-long league where friends have been playing each other for years or in the daily fantasy contests that have become so popular in the last few years. That is not a game dominated by chance."
 
He discusses the legislative exemptions for fantasy sports under federal laws, and points to New Jersey regulations established in 2013 that allow land casinos to offer fantasy sports in an express distinction from gambling.
 
Discussing potential problems in putting all fantasy sports operators in New Jersey under the authority of the Division for Gaming Enforcement, Epps notes that the casino regulations require all equipment used by providers – including computers and servers – to be physically located within the boundaries of Atlantic City.
 
"This could effectively kill all fantasy sports in New Jersey – ESPN, CBS, FanDuel and the other fantasy sports sites are not likely to move their servers here. They are more likely to stop offering their games in New Jersey," he claims, saying that this would deprive the public of a form of popular entertainment.
 
Epps acknowledges that real questions have arisen around fantasy sports recently, and these need to be addressed, but he calls for the focus to be on consumer protection, which he claims can best be achieved without casino-style oversight.
 
"We are seeing this approach emerge in other states, where reasonable, right-sized proposals are popping up. They include requirements for age verification to ensure minors are not able to play; separating player funds from general company accounts to ensure player cash is always available for withdrawal; protecting user information; safeguarding against use of proprietary contest information to ensure no one has an unfair advantage in any contest; and requiring third-party audits," Epps writes.
 
"Legislators have expressed openness to alternative ideas and want to reach consensus on this legislation. Looking at some of the smart proposals already presented in other states like Illinois – which provide the needed consumer protections, but don't put fantasy sports under the control of casinos and the casino regulatory bodies – would be a good place to start."



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Summer Is Here: It’s the 2017 Super Millions Poker Open - The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.

Americas Card Room Biggest OSS CUB3D ever - Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money. Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.

Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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