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Iowa Says to Study DFS Before Passing Laws

Sunday, March 27, 2016 : IOWA LAW EXPERT URGES STUDY OF FANTASY SPORTS BEFORE PASSING LAWS.
 
Drake University professor says state needs to follow its traditionally cautious route.
 
Professor Keith Miller, a respected law expert at Drake University in Iowa, has published an op-ed article in the Des Moines Register, appealing to lawmakers to take a cautious approach to the legalisation of fantasy sports (including daily fantasy sports) by first commissioning a study by the Iowa Racing and Gaming Commission.
 
The state has done this before in considering laws on Internet poker and, in 2015, “exchange wagering” for horse racing, Miller points out.
 
The professor was commenting on File 166 in the Iowa legislature, which proposes the immediate authorisation of fantasy sports and daily fantasy sports and directs the IRGC to develop regulations, a course which he claims is "hasty and uniformed."
 
"As of now, DFS companies do not allow Iowans to participate in cash contests because of Iowa court decisions and the Iowa Attorney General’s determination that Iowa law does not allow cash prizes," the professor explains.
 
"The proposed legislation would legalize DFS and open cash games to Iowa residents. It would be a mistake to pass such legislation without gaining crucial input from the Iowa Racing and Gaming Commission."
 
Miller believes that figures from the Fantasy Sport Trade Association claiming that 300,000 Iowans (15 percent of adults in the state) play fantasy sports may be inaccurate - an additional reason for an objective assessment by the Commission.
 
"Reliance on a trade association’s arguments and statistics is not a responsible course of action. An expert body that can be trusted for its objectivity needs to examine the issues," the professor writes.
 
"The bottom line is no gambling, or gambling-like activity, should be legalized without a thorough and transparent assessment. The IRGC has demonstrated the expertise to study such issues. Whatever course the Legislature chooses, it should take no action until the IRGC has had time to study the issue. Relying on industry trade-group estimates and assertions is not in the best interests of Iowans."

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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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