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Indiana To Regulate and License Daily Fantasy Sports
Saturday March 5,2016 : INDIANA SENATE VOTES TO REGULATE AND LICENCE DAILY FANTASY SPORTS
34 vs. 10 vote for Senate Bill 339.
Indiana senators have joined their Vermont counterparts in approving a bill seeking to regulate and licence intrastate daily fantasy sports.
Local newspaper The Journal Gazette reports that SB339 was progressed through the Senate by 34 votes to 10 Friday, and having already passed the House the measure now heads to Governor Mike Pence's desk.
SB339 specifically declares that DFS does not constitute gambling in terms of state law, and imposes fees of $50,000 initially and $5,000 each year, payable to the Indiana Gaming Commission.
The bill also contains provisions ensuring consumer protection, age verification, pre-determined prizes, independent audits of the companies and a ban on company employees playing.
DraftKings PR chief Griffin Finan issued a presser late Friday thanking Indiana lawmakers for their support and commenting:
“We look forward to continuing our dialogue with legislatures across the country to put in place a regulatory framework with thoughtful and appropriate consumer protections for fantasy sports players.”
However, the fee structure did not please everyone, with Dave Gerczak, co-founder of the Fantasy Football Players Championship, subsequently observing that the requirement will put his season-long paid fantasy site out of business in Indiana.
Gerczak said his company and other smaller fantasy sports sites had been assured by their trade association that there would be some sort of grandfather clause for existing companies or entities below a certain size, but this had not materialised in the bill
“As of seven days ago was the first time we actually realized we were getting screwed,” he said.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
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Quickfire content live on BetatHome -
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Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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