Online Gambling Bill Concerns for Fantasy Sports Industry

Published Tuesday, July 22, 2014 - Online-Casinos.com
Online Gambling Bill Concerns for Fantasy Sports Industry

The United States is full of competition in almost every market. Usually the strong ideas survive and the weak ones fall by the way side. To survive in the USA one must tow the political line and act according to the rules. The rules in the USA are made in Congress for the whole country but then there are specific rules for the different jurisdictions. Online gambling is legal in three states but not in others.

Then there is the question of fantasy sports which is sort of online gambling on sports but not illegal. , The Fantasy Sports Trade Association which represents the fantasy sports industry has hired a law firm in order to keep a close watch on the Federal action regarding online gambling. While remaining neutral on the issue that Sheldon Adelson has been promoting which is calling for a Federal law which bans online gambling the Association says there are concerns for the 170 member trade organization based in Chicago.

The proposed legislation is called the Restoration of America’s Wire Act, and if passed it would reverse a 2011 Justice Department decision that allowed individual states to permit online gambling with the addition of horse racing, fantasy sports and other games, which were already permitted under the law. Since this was brought to the Congress Sheldon Adelson the owner of a mega casino empire has hired a former member of Congress and some high end lawyers to lobby the representatives to support his initiative.

It is obvious that the Fantasy Sports Trade Association is trying to be neutral and distance themselves noting in their web site that people play the games for the fun of it.

“Fantasy sports leagues are games of skill. Managers must take into account a myriad of statistics, facts and game theory in order to be competitive. Fantasy sports players are motivated to enter the hobby for reasons that have nothing to do with money or prizes," the group added.

 

Related news

Return to Latest News