Daily Fantasy Sports Online Betting Debate in US Congress

Published Tuesday, May 10, 2016 - Online-Casinos.com
Daily Fantasy Sports Online Betting Debate in US Congress

The debate will continue for some time about the legality of daily fantasy sports betting on American soil. The punters of the USA are excited about having an opportunity to bet of sports without the prospect of being arrested for illegal online gambling. With the federal government now taking a closer look at the different aspects of daily fantasy sports betting the US House of Representatives Committee on Energy and Commerce will begin debating the different issues and perspectives of the daily fantasy sports industry.

Forbes has revealed that a hearing will take place on May 11 featuring input from eight witnesses, each with varying backgrounds and opinions on where the future lies for daily fantasy sports betting in the USA. The Committee has an agenda that will give the attendees a look at the differences in opinions between the ten states that have already determined that daily fantasy games are illegal and are gambling and the four US jurisdictions that consider the activity legal and have passed legislation saying so.

Those in attendance will be considering the federal laws that are related to daily fantasy sports including the Unlawful Internet Gambling Enforcement Act of 2006. The session will also examine the current regulatory environment at both federal and state levels and the consumer protection issues for daily fantasy sports operators plus the technology solutions that exist in the market to ensure operators meet existing consumer protection obligations. The different offerings by daily fantasy sports providers will also be scrutinized by the Committee. A statement read,

 “There have been varying responses to the growth of this marketplace from state legislatures, state Attorneys General, and state consumer protection regulators,”

“There is an ongoing debate in some states about whether or not the products offered by DFS operators fall within existing state gambling statutes.

“The DFS industry maintains that their products are sports entertainment products based on skill and not gambling.

“Other industries and government entities have challenged this position.”

 

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