Tag: Regulated Fantasy Sports
Six States with Regulated Fantasy Sports
July 22, 2016
The regulated fantasy sports industry notched some wins but failed to capture a majority of states after an all-out push this year to preserve its legality amid concerns the online games amount to illegal sports betting operations. Six states – Colorado, Missouri, Mississippi, Tennessee, Indiana and Virginia – enacted laws legalizing and regulating games offered by Boston’s DraftKings, New York’s FanDuel and dozens of other smaller operators. They join Kansas, which passed a law legalizing the games last year. But 21 other legislatures, including Arizona, Florida, Maryland and Washington, declined to take action this year before adjourning. And six more…