Daily Fantasy Sports Hearing Called For in Congress
It's no secret right now that daily fantasy sports represent one of the fastest-growing segments of the online gambling market. It's gained more steam in the United States over the past 18 months than most forms of online gambling ever had, and more states have started making decisions about the legality of the game. Now there could be an upcoming congressional hearing on the subject as well.
The Need for the Meeting
Congressman Frank Pallone Jr. has called on this hearing because he believes that the relationship between fantasy sports and traditional sports betting and gambling need to be evaluated. Moreover, he wants clarification on the legality of daily fantasy sports on a federal level. This could turn into something interesting if the hearing happens because sports betting is the only form of online wagering that is expressly illegal on a federal level thanks to the Wire Act that was established in the 1960s and ruled to include Internet betting decades later.
Legal Clarification
Pallone's suggestions relate to another law, however, and that's the Professional and Amateur Sports Protection Act. This has to do more with land-based sports betting and the states that are allowed to offer it. By all means, this is probably not going to lead anywhere because there are some major differences in how traditional sports betting differs from daily fantasy sports. On top of that, the interested parties have different views on each type of betting.
The Stance of the Leagues
College and professional teams have generally been against the expansion of sports betting, but they are for the expansion of daily fantasy sports. The main difference is that sports betting has to do with the results of the games while daily fantasy sports has to do with the performance of the individual players. Along these lines, they believe there's less room for fixing games and ruining the integrity of the sports themselves.
However, there's also another aspect of this situation, and that's the simple fact that tons of sports teams, ESPN and other leagues are getting a good amount of money from this type of betting in the present, and that could expand to become bigger and bigger each year in the future. This provides a huge incentive to keep the cash cow alive.
Related News
-
Read Full Article
Casino Bonus Promotions
Net Entertainment Running €1 Million World Cup Campaign
The World Cup is coming up this summer, and Net Entertainment has a major bonus campaign that's coming along with it. Their Mega Million campaign is giving away a lot of cash during this summer, and it'll go from June 14 to June 15, 2018. This is an exciting promotion that many players will want to be a part of because it can be your chance to win a piece of a tremendous prize pool. Two Parts to the Promotion There are two different parts to this overall promotion.
-
Read Full Article
Games & Casino News
Fast & Sexy Racing Themed Slot Released at Ignition, Other Casinos
There is a new slot game available for play at Bovada, Slots.lv, and Ignition Casino called, "Fast & Sexy". The game runs on proprietary software and is only available at casinos in the Best Partners network. Sexy Cars and Fast Women for Mobile or Desktop The game opens with a splash screen showing seven attractive women, one with a congratulatory bottle of champagne in her hand. Below them are five very fast looking race cars.
-
Read Full Article
Gambling News
Wisconsin Pushes for Legalized Daily Fantasy Sports
Over the past six months or so, daily fantasy sport contests have been a segment of the industry that has gotten a lot of bad press and a lot of bad news. They saw a ton of rabid expansion in late 2013 and early-to-mid 2014, and that expansion brought a lot of attention to the contests.
