The dominoes keep tumbling for the Fantasy Sports industry, after a DraftKings employee used “inside information” to win over $300,000 in one week. Investigations have been initiated by the FBI and Federal Trade Commission, plus Nevada has issued a Cease and Desist for DFS operators in the state. Now, here’s the latest:
The American Gaming Association Chimes in:
On the topic of daily fantasy sports, the AGA Board of Directors also made clear that the industry seeks legal clarity and adequate consumer protections. Further, if daily fantasy sports is a legal activity, the casino gaming industry should have the opportunity to participate and partner with daily fantasy sports providers. (AGA)
Florida legislation filed to regulate daily fantasy sports websites
State Sen. Joe Negron and Rep. Matt Gaetz filed new draft legislation Tuesday that would put restrictions on daily fantasy sports websites such as DraftKings, FanDuel, and others operating in the state.
According to the bill’s language, game operators must register with the Department of Agriculture and Consumer Services and pay related fees. The state would also require them to “implement certain procedures” that would prevent certain people from playing fantasy games, as well as restrict some information from being shared with third parties. In addition, the bill would make fantasy draft websites provide age verification for its players.
Find more at Florida Politics.
New York Attorney General declares DFS illegal gambling
New York Attorney General Eric Schneiderman has declared that daily fantasy sports (DFS) constitute illegal gambling and has ordered DraftKings and FanDuel to stop taking bets from consumers in the US state.
New Massachusetts Lottery executive director considers DFS
Michael Sweeney, the new executive director of the Massachusetts Lottery, has confirmed that the organisation will consider legalising fantasy sports betting in the US state in an effort to generate additional revenue. Sweeney has been named executive director on a full-time basis having served in the role in the interim since July of this year, following the exit of predecessor Beth Bresnahan. (iGaming Business)
