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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.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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