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Florida Considering DFS
Tuesday, January 26, 2016 : FLORIDA TO CONSIDER DAILY FANTASY SPORTS THIS WEEK (Update)
Negron bill to be considered by state Senate Regulated Industries Committee Wednesday.
The daily fantasy sports regulatory scene in Florida looks set to warm up tomorrow (Wednesday) when Sen. Joe Negron's bill SB832 will be considered by the state Senate Regulated Industries Committee.
Filed last November SB832 clarifies that fantasy sports skill games are not gambling and do not fall under Florida’s gambling laws.
The bill makes provision for DFS companies to pay $500,000 each to register in Florida and institutes regulations to protect consumers and prevent minors and employees of fantasy game operators from participating.
DFS companies have been investing in Florida recognition; the Miami Herald reports that since August 2015, fantasy sports companies have written 49 checks totalling $220,000 to draft some of the biggest players in the Florida Legislature to assist them.
Political committees run by current and future Florida House Speakers, Republicans and Democrats, and budget chairmen in both the House and the Senate are among the recipients.
Wednesday's hearing will be a busy affair - the committee agenda also includes deliberations on a proposed gambling compact with the Seminole Tribe of Florida. Gov. Rick Scott and the tribe have reached agreement on the proposal, which could bring $3 billion to the state, but the deal requires approval from the Legislature.
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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