White Paper - Why Daily Fantasy Sports Needs Regulation to Survive

As the first glimpses of the 2015 NFL and college football seasons began to appear on the horizon, something else also began to cloud TV screens: A massive front of daily fantasy sports (“DFS”) advertising spots urging viewers to “pick your players and pick up your cash.”

The explosive growth of DFS, which did not exist at the time Congress exempted traditional season-long fantasy sports games from a federal ban on internet gambling payment processing, caught the eye of the American Gaming Association (“AGA”), the Nevada Gaming Commission (“NGC”), and legislators and regulators in other states.

In addition, in mid-September, Congressman Frank Pallone (D-NJ) formally requested the House Energy and Commerce Committee to hold a hearing on the legality of DFS.  On September 23, 2015, the trade publication GamblingCompliance reported the committee’s chairman, Fred Upton (R-Mich), said such a hearing is likely to be held.

Click here to read the full White Paper.

For more information, please contact Kevin P. Braig at 614.628.4433 or kbraig@shumaker.com.

Latest Thinking