NCAA: Sites like FanDuel, DraftKings could cost eligibility

Levack participated in DraftKings, a daily fantasy sports site that allows you to build a fantasy team every week promising to turn picks into real cash prizes. Fantasy sports have exploded since then, with FanDuel and DraftKings, the leading daily fantasy sites, awarding more than $3 billion in prizes in 2015.

This private loosening of policy reflects some public policy advances for fantasy sports providers and the industry as well: In California, Assemblyman Adam Gray filed an amended version of AB 1437, the gaming addiction bill now called the Internet Fantasy Sports Game Protection Act.

Speaking during an interview on the RotoGrinders podcast, Robins said that the DraftKings product will “probably” go live in the United Kingdom in “mid to late October”. But with the promise of millions of dollars in winnings, is it considered gambling?

We’ve gotten to the point where literally everyone except the players can profit from college sports. (D-NJ) asked the House Energy and Commerce Committee to hold a hearing on the legality of fantasy sports.

Federal anti-online gambling law does provide an exemption for fantasy sports, so that’s why the DFS operators and their investors are confident with the business. Yes, I understand that I that if I screwed up my fantasy draft, I can just try daily fantasy sports. That’s something that will soon be making its way through courts once again after a recent call to have Congress review the legal status of sites like DraftKings and FanDuel.

Mark Midland is the CEO and co-founder of DerbyWars, a fantasy sports racing contest that he started while living in Shreveport. I also know, beyond a shadow of a doubt, that most folks will lose, and some of them will become so addicted to the action, it can destroy their entire bankroll, family and life.

Increased attention on college sports gambling has created some controversy already in the 2015 football season.

The future of daily fantasy sports in Louisiana is still up in the air.

“Federal law does not really wade into the waters of defining what gambling is, by and large”, LegalSportsReport.com editor Chris Grove told the Washington Post.

On top of that, most casual players of daily fantasy sports fail to realize they’re at a huge competitive disadvantage to the power players.

Geoff Freeman, president of the American Gaming Association, says the organization welcomes the attorney general’s review.

For student-athletes, that makes the wave after wave of daily fantasy site commercials not just incredibly annoying, but potentially harmful when it comes to their collegiate careers.

I wonder what a legal challenge could look like here.