• California Daily Fantasy Sports Regulations Proposed

    17 September 2015

    Fantasysportsbettinglegality

    There has been a pretty fierce battle going on in California over the online poker industry for the past few years, and a bill supporting it has failed once again because of political issues between racetrack operators, native tribes and other groups. The same person who proposed the poker legislation Assemblyman Adam Gray is behind a new proposal to regulate and provide licensing processes for daily fantasy sports sites to operate in the state.

    About AB-1437 for Daily Fantasy Sports

    The measure is AB-1437 with the official title of Gambling: Internet Fantasy Sports Game Protection Act. The idea is that there needs to be a licensing process to get these games in line with state authorities so that they can take taxes and revenues from the proceeds of these games while providing oversight and making sure that the players are protected. This type of licensing isn't really happening anywhere else in the United States, and California could set a trend that defines the future of the industry if they take this up.

    Other Proposals

    Assemblyman Gray also brought another related proposal. This one is for the licensing of sports betting, something that has particularly interesting timing with New Jersey in the middle of litigation with the federal government over the exact same topic. It's unlikely to get much ground considering how much opposition it'll see, but it's good to see another state pushing against what many see as unfair restrictions on sports betting in the United States that favor a handful of states like Nevada. Even if this measure fails, it's another step in the right direction for people who want to see sports betting regulated in more states.

    The Daily Fantasy Sports Issue

    Because fantasy sports are specifically protected by the UIGEA, it takes a state law against it to make payment processing for it illegal. Along these lines, California does not allow betting of any kind on sports, and this law has been seen as applying to daily fantasy sports as well. This means that they need a specific licensing process to open Calfornia players up to daily fantasy sports sites, and that's what Adam Gray's proposal would do. Whether or not it turns out well is hard to tell because it's not clear what opposition there is to the proposal at this point.

    Related News

    • 17 August 2017

      LCB Releases In-Depth Article About Advantages of Playing Online Blackjack

      Latest Casino Bonuses (LCB) recently published an in-depth, nearly 10,000-word treatise dealing with the advantages of playing blackjack online over playing in a terrestrial casino. The article is destined to become bookmarked on many serious online blackjack players' web browsers because it not only draws on the work already done by Michael Shackleford, The Wizard of Odds, it also breaks down the value of blackjack bonuses at 10 popular online casinos. Advantage Play Easter Eggs

      Read full article
    • 10 August 2017

      BingoBilly Running $25,000 Tour of America Promo

      BingoBilly is giving players 25,000 reasons to get excited for their August promotion. This is the Tour of America event, and it has a $25,000 prize pool attached to it. This event is based on the BingoBilly crew hitting the road in an RV and hitting major cities along the way. You can collect different virtual postcards in the Bingo Board Game through the chat feature, and the players with the most postcards at the end of August will get big payouts. A $25,000 Prize Pool

      Read full article
    • 28 July 2017

      Big Bang Coming For Dutch Online Gaming Authority

      The online gambling industry in the Netherlands could be getting a big boost. Their regulatory body has recently went into their plans for a push they're calling a "big bang" than would fast-track several companies into getting Dutch online gambling licenses as long as they put in their documentation quickly.

      Read full article