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LEGALITY OF DAILY FANTASY SPORTS TO BE STUDIED

Thursday July 30,2015 :  LEGALITY OF DAILY FANTASY SPORTS TO BE STUDIED
 
ESPN reports that Nevada Gaming Control chairman AG Burnett has begun an analysis.
 
The booming and billion dollar development of the daily fantasy sports phenomenon in the United States was bound to attract official attention at some point, and according to ESPN it has done just that.
 
The usually reliable publication reports that Nevada Gaming Control Board chairman AG Burnett has triggered a legal analysis of the vertical, welcoming input from interested parties.
 
A growing number of new operators are entering the DFS sector, which is currently dominated by DraftKings and FanDuel, each signing partnerships with major sporting bodies and generating billions of dollars in marketing and prizes.
 
Under existing federal legislation, fantasy sports enjoy a carve-out - a loophole which operators have been quick to exploit in recent times. But those who argue that DFS is nothing short of gambling - and there are a growing number of this view - point out that the development of daily fantasy sports has produced a new medium somewhat different from the traditional and more leisurely fantasy sports pastime protected by federal exemption, and one that encourages and constitutes gambling.
 
Proponents of DFS argue that the vertical satisfies all the requirements of the law: Prizes are publicised in advance and are not influenced by the buy-in or number of entrants; there is a definite and predominant element of skill involved; and wins are not based on point spreads or real teams.
 
So far, the DFS argument has held strong, and the pastime is legal in all but a handful of US states, which jealously guard the right under the constitution to make their own laws when it comes to matters such as gambling.
 
The Nevada decision to conduct an independent review of the legality of the current DFS product in state rather than federal terms could represent an important milestone for the sector, and perhaps the beginning of a more formalised regulatory system. As such it will be watched with interest.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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