Daily Fantasy Sports Betting Banned in Nevada

Published Friday, October 16, 2015 - Online-Casinos.com
Daily Fantasy Sports Betting Banned in Nevada

Daily fantasy sports has hit a snag with the recent announcement by the Nevada Gaming Control Board ordering DraftKings and FanDuel to cease operations. The decree called for the ceasing of the activity in the US state and operators must obtain a gambling licence.

A.G. Burnett, Chairman of the Nevada regulator confirmed that daily fantasy sports meets the definition of a game or gambling game.  Burnett added, under current state law the firms must acquire a licence to operate a sports pool from the Nevada Gaming Commission pursuant to Chapter 463 of the Nevada Revised Statutes.

The regulatory body has ordered unlicensed activity related to DFS in the state must cease from October 15th 2015. Burnett continued with the statement, “While this industry notice is intended to provide clear guidance as to Nevada law, Nevada licensees wishing to conduct business with DFS companies should also conduct thorough and objective reviews of DFS activities under the laws of other states and any applicable federal laws,”

DraftKings and FanDuel are facing an inquiry by New York Attorney General Eric Schneiderman to establish the advantages DFS staff may have gained using leaked data to win prizes.The Wall Street Journal also reported recently that the US Department of Justice and the FBI are in the process of investigating the activity and operators ethics.

DraftKings responded in a statement: "We understand that the gaming industry is important to Nevada and, for that reason, they are taking this exclusionary approach against the increasingly popular fantasy sports industry."

"We strongly disagree with this decision and will work diligently to ensure Nevadans have the right to participate in what we strongly believe is legal entertainment that millions of Americans enjoy. 

"Unfortunately, we now have to temporarily disable our product for our thousands of customers in Nevada in order to be compliant in all jurisdictions.”

FanDuel also responded, "In the interim, because we are committed to ensuring we are compliant in all jurisdictions, regrettably, we are forced to cease operations in Nevada.”

 

 

 

 

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