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Indiana DFs Legal

Friday, March 25, 2016 : INDIANA COULD BE THE NEXT STATE TO LEGALISE DAILY FANTASY SPORTS (Update)
 
Governor Mike Pence has only hours left to sign or veto SB339.
 
Reports from the US state of Indiana indicate that the governor, Mike Pence, has just hours to go before a deadline comes into effect passing daily fantasy sports regulatory legislation into state law.
 
Bill 339 was approved by the House and the Senate earlier this month on votes of 82-12 and 34-10 respectively, leaving the governor with a deadline and three choices: veto the measure, sign it into law, or do nothing and see the bill automatically pass into law when the deadline expires.
 
Bill 339, authored by Sens. Jon Ford and Ron Alting, provides that a paid fantasy sports game does not constitute gambling for any purpose, and permits paid fantasy sports games to be conducted through an Internet web site maintained and operated by a game operator or on the premises of certain licensed facilities under a contract between a game operator and the owner of the licensed facility.
 
The bill also makes provision for the regulation of paid fantasy sports games by the paid fantasy sports division of the Indiana Gaming Commission, which is endowed with certain powers and duties for purposes of administering, regulating, and enforcing paid fantasy sports.
 
The bill’s provisions include requirements that players be at least 18 years old, prohibitions on contests based on college or high school sports and sets an initial licensing fee of $50,000 for companies, along with an annual $5,000 fee.
 
DFS fans claim that over a million Indiana residents play fantasy sports online for cash prizes.

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Gambling News :

888poker in deal with Flow Esports - A statement from 888 said it was only a matter of time before the company joined forces with Flow Esports, which is headed by Daniel Märkisch and includes Hearthstone professionals Tobias Graap, Vetle Stubberud and Johannes Steindl.

Oryx Gaming launches 2 Christmas slots - Oryx Gaming has announced the launch of its new festive season online slot, titled Fairytale Forest Quik and Golden 7 Christmas.

Colorado Racing Commission Approves Mile High DFS - Mile High Racing and Entertainment (MHRE) announced Tuesday that the Colorado Racing Commission has approved its daily fantasy sports activity allowing MHRE to offer fantasy sports contests in nine Colorado locations.

Major Amaya Investors Critical of David Baazov Offer - David Baazov's intriguing attempt to acquire the Amaya Group may have been complicated by the leak of a highly critical letter from major shareholder Jason Ader's SpringOwl Asset Management.

Online Gambling Making Strong Contributions to Manila - 269 iGaming licenses were issued in 2015, along with slightly more remote gaming licenses at 88, the minister reported.

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

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