Massachusetts AG proposes regs for fantasy sports activities

NBC Sports, which includes Golf Channel, has an equity stake in FanDuel.

Another commercial claims that winning cash is as simple as drafting a fantasy team – choosing a certain number of players from any team in a league with limits like a salary cap. Roughly seven percent, or greater than 370,000 of those customers, are New York-based. Tons of people make a living betting spreads, which are supposed to provide bettors with 50/50 odds (making this gambling in the purest sense).

Healey has said that playing daily fantasy sports is gambling, but that it is not explicitly forbidden under state law.

The Chairman of the MA Gaming Commission, Stephen Crosby, stated that there are other avenues of gaming that sould be considered. “During this entire time period no one has questioned the legality of (daily fantasy sports)”, he explained. It also forbid companies from adverting the gambling to high school and college students.

“They’re legal”, Boies said.

Customers don’t just get irritated when you screw up cross-channel personalization. He is not entitled to unilaterally change the law. It does happen in games that are beyond the control of the player. “They certainly have professed that protecting consumers is important to them and, as I said, I expect them to begin to take steps to immediately comply with these regulations”. It is a very popular form of entertainment. “But I think it’s undesirable to unnecessarily inflame public opinion about an issue that is going to be decided in the courts”.

Boies argued the games are based on skill and do not have a material element of chance, a distinction that could be key.

Several payment processors are identified with DraftKings and FanDuel in the lawsuit including Visa, MasterCard, American Express, and Capital One for facilitating and participating in what they allegedly should have known was an illegal gambling operation. Let’s say it’s Eli Manning, and the Giants are defeating the Eagles or the Cowboys. These top players generally wager tens of thousands of dollars each week on hundreds of games. In October, the company banned its employees from playing DFS for money on any platform, shortly after a DraftKings employee inadvertently released insider information following his entry as a participant in a contest on FanDuel. Good poker players often beat novices.

HBO dedicated a Last Week Tonight with John Oliver show to the problem of online gambling.

“The assertion that this is a game of skill and anyone can win is clearly not true”, Levine says.

Boies said he was not sure when to expect a ruling from Mendez, who has scheduled an hour for arguments from the parties. “Even in games that are predominantly chance, there can be a few skill involved”. Does skill predominate or does chance predominate?

Those states in red are five where daily fantasy is banned. For more than a century, NY laws have banned gambling.

Eric Schneiderman, state attorney general, told daily fantasy sports sites FanDuel and DraftKings to stop accepting bets in the state, saying their operations amount to illegal gambling.