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FANDUEL C.E.O. PUBLISHES OPEN LETTER ON REGULATION
Saturday October 31,2015 : FANDUEL C.E.O. PUBLISHES OPEN LETTER ON REGULATION
Advocates "strong, common sense, enforceable" regulations to protect consumers.
Fanduel CEO Nigel Eccles raised his head above the parapet this week by publishing an open letter to his numerous players acknowledging the need for "strong, common sense, enforceable" regulations to protect consumers, and noting that sensible state legislation has already been proposed.
Whilst not specifying which legislative proposals he was referring to, Eccles commented that "some" of the proposals include age and location verification requirements, safeguards against insider company information being used in contests and third-party audits.
"These are steps I have always advocated for - and now is the time to memorialize them in law for FanDuel and the entire industry," he wrote.
In Nevada, where the gaming authorities have classified DFS as gambling and consider it illegal without a state licence, Senator Harry Reid reiterated his view that daily fantasy sports sites are "unregulated, illegal gambling", and voiced his opposition to the self-regulatory system proposed by the DFS industry as insufficient.
Regulation can only work if it is enforced,” Reid claimed, referring to the so far unproved allegation of "insider" activity in DFS betting and the big money involved from mostly youthful punters.
"Without strong oversight, there is nothing stopping these terrible things from happening and we will continue to see more corruption from this unregulated, illegal gambling," Reid said in a statement, which went on to call for the review and regulation of the industry by state and federal authorities.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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