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Congressional hearing on DFS Results

Thursday May 12,2016 :  CONGRESSIONAL COMMITTEE BRIEFED ON DAILY FANTASY SPORTS (Update)
 
But was the underlying motive preparing the way for an attack on PASPA?
 
Wednesday's much-anticipated Congressional hearing on daily fantasy sports failed to deliver any new developments or fireworks, prompting some political observers to suggest that the underlying motive of the New Jersey introducers may have been to prepare the ground for a campaign for the liberalisation of sports betting in the USA - currently tightly restricted by the federal Professional and Amateur Sports Protection Act (PASPA).
 
The hearing by the House Subcommittee on Commerce, Manufacturing, and Trade was at the request of New Jersey Rep. Frank Pallone, a high profile supporter of his state's attempts to find a way around PASPA that will allow it to legalise intrastate sports betting
 
Pallone contends that PASPA is discriminatory and non-constitutional, and that individual states should be making decisions on sports betting and not the federal government. He also believes that daily fantasy sports is gambling, contesting industry claims that the vertical is a skill game and therefore falls outside gambling laws.
 
Wednesday's hearing was interesting in that DFS market leaders FanDuel and DraftKings, along with national sports leagues that have stubbornly defended PASPA, but have happily done business with DFS operators, did not attend and could not be directly questioned.
 
Given the apparent hypocrisy of the NFL, NBA, NHL and MLB positions in regard to DFS vs. sports betting that is perhaps understandable…and Pallone made sure he drove the point home.
 
The DFS perspective was instead presented by the industry body Fantasy Sports Trade Association, whose chairman Peter Schoenke hewed to the industry line by staying out of the legalised sports betting argument, saying that PASPA does not impact his industry at all because it is skill-based, and that it remains neutral on the sports betting liberalisation debate.
 
Geocomply provided its now customary factual and informative presentation on geo-location, but Pallone in general tended to dominate the proceedings with his sports betting legalisation arguments, flaying the national sports leagues for their commercial support of DFS and juxta positioning this against their opposition to individual states making their own decisions regarding sports betting.
 
Nevertheless, one or two committee members who displayed surprising ignorance on DFS will probably have benefitted in an educational sense from the presentations during the two-hour hearing.
 
Pallone's statements to reporters after the hearing illustrated his main motive remains the decriminalisation of sports gambling nationwide.
 
“The biggest thing for me is that I would like us to legalize sports betting,” he said. “I am hoping this panel and the statements that were made about why it doesn’t make sense to allow (sports betting) to go underground and run by organized crime would lead us to some kind of legislation.
 
“The point is allowing sports betting to be legal in states like New Jersey who want it. That’s what I was hoping this would contribute to, primarily.”
 
Sports and gambling law expert Daniel Wallach noted Pallone's real motives in holding the hearing, saying:
 
“He wanted to show the hypocrisy in how leagues treat gambling versus their support of daily fantasy sports. Unfortunately, there was no patient to examine since all the key stakeholders stayed away. At worst, this hearing was a colossal waste of time. Maybe (Pallone) elicited enough support for another hearing.”
 
Pallone seemed to confirm that view, saying that more hearings and legislation to protect consumers were possibilities.
 
The consensus appears to be that little was achieved by the hearing other than to rehash well established positions and perspectives.

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Gambling News :

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Club’s application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

Lost Vegas Slot Launches - “Lost Vegas” is a new release on Microgaming’s October roster, a five-reel 243-payline game that offers punters the option to play in either Survivor or Zombie mode throughout the base game, a choice that affects the symbols and bonus games on offer.

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

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