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Rhode Island Says DFS is Legal
Friday, February 5, 2016 : SMALL VICTORY FOR DFS IN RHODE ISLAND
But regulation strongly recommended in Attorney General’s opinion.
Rhode Island Attorney General Peter F. Kilmartin found daily fantasy sports to be legal under State Law this week, Thursday.
Kilmartin’s findings, derived from analysis and review’s conducted by attorneys from both the civil and criminal divisions of the Office, were published and forwarded to Rhode Island Governor Gina Raimondo, Senate President M. Teresa Paiva Weed, and Speaker Nicholas Mattiello on Thursday.
Kilmartin, however, strongly advised law makers to establish and impose strict regulations on DFS operators to ensure problem gambling, age restriction and the prevention of the infiltration of a criminal element be addressed.
Perhaps most notable was Kilmartin’s opinion that “while it is clear that daily fantasy sports, like most games, are a mixture of chance and skill”, his office had applied the “dominant factor” which resulted in a determination that daily fantasy sports do not constitute a "game of chance."
"After a very thorough review of how these sites operate and an analysis of our statutes and relevant case law, I am confident that daily fantasy sports sites are currently legal in Rhode Island," Kilmartin wrote.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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