Daily Fantasy Sports And Gambling

  

Nov 19, 2019 (Market Research Analyst via COMTEX) - Big Market Research has added a report, titled, Daily Fantasy Sports and In-Game Gambling Market. The report not only provides a comprehensive. Daily fantasy sports is 'a bridge to legalized sports gambling because that's where the big money is,' said Les Bernal, national director of Stop Predatory Gambling, a nonprofit in Washington, D.C. Big Market Research has added a report, titled, Daily Fantasy Sports and In-Game Gambling Market.The report not only provides a comprehensive analysis of market overview and dynamics for the historical period, 2014-2019, but also offers global and regional forecasts on market value, volume production, and consumption during the future period, 2019-2026.

Building daily fantasy lineups and competing for cash sounds like fun, but anytime someone talks about sports and money, questions come up. A case can be made that betting on sports and playing poker are skills and that they should be completely legal. Unfortunately they’re not, so when people start considering playing DFS games, they pause and wonder – is DFS legal, and if so, why is it looked at differently in comparison to regular sports betting?

The laws for sports betting are complicated, but luckily that’s not really the case with daily fantasy sports. Instead, DFS is 100% completely legal from a

federal law perspective, and only a select few states have enforced laws against it (6, to be exact). That, or the language and perceptions are just dicey

enough that the leading DFS sites won’t allow residents of those states to play their games.

These states are:

Due to murky legality laws, a few other states are selectively blocked from some DFS sites (be sure to see where your state stands).

DFS is completely legal everywhere else, however, as it’s classified differently than sports betting. Unlike sports betting, daily fantasy sports are seen

legally as a “game of skill” and allows anyone and everyone to bet money on teams they draft on a daily, weekly and season long basis.

This law provides us with all the legal lingo we need. Passed in September of 2006, this law seeks to regulate banks and other financial institutions that act as monetary links between sports bettors and online casinos/betting sites. This led to some of your favorite online sports betting sites getting shut down.

Why wasn’t DFS involved with this act?

Well, the UIGEA actually goes into solid detail, acknowledging that daily fantasy sports do not apply to any one specific player or team, there

is no betting on the score, point spread or who wins a game. Instead, all winning outcomes reflect the relative “knowledge and skill” of the

participants.

What is or isn’t skill is totally subjective and in a sense so is this entire debate, but legally speaking, it’s in written word that you can play daily fantasy sports and win money in the process.

Here is a quick simplified rundown of the UIGEA:

  • You can’t draft one team only (must be individual players that come together to form a lineup)
  • All cash prizes need to be known to everyone ahead of the contest
  • All scoring is attributed to individual players only (not entire teams)
  • No part of DFS can be based on team scoring, point spread or final winner of a contest
  • DFS contests cannot be won by one player/individual (no prop bets)

Even aside from the legality and popularity of daily fantasy sports, there’s a lot that we can see rather simply that shows us we can do it as much as we

want.The top DFS sites, DraftKings and FanDuel, aren’t trying to be sneaky. They’re not hiding in caves and keeping things secret about how they run

things. In fact, they’ve been pasted all over your television screen in commercials for years now and are based in the United States. They’re even

Online Fantasy Sports Gambling

accepted by PayPal and major credit cards, which is something those trying to conduct sports betting can quickly say isn’t the type of freedom they

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regularly enjoy.

Better yet are the direct relationships the big sites like DraftKings and FanDuel have. Both are tied tightly with the top professional sports organizations

and the Worldwide Leader (ESPN), while FanDuel specifically has people on their board who are affiliated with NBC Sports, the NBA and Comcast

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Ventures, just to name a few.

So you tell me:

Daily Fantasy Sports And Gambling Sites

Would this many reputable organizations be tying their name to DFS and helping promote a product that was illegal?

Daily Fantasy Sports Sites

The obvious answer, if you couldn’t have already guessed, is NO.