• Florida is the Latest State to Take a Closer Look at Daily Fantasy Sports

    19 October 2015

    Florida daily fantasy

    Daily fantasy sports is a particularly interesting issue in Florida because of the timing of the big FanDuel/DraftKings scandal coinciding with Florida ending a gambling pact with native tribes. The pact ending has caused politicians to want to examine gambling as a whole, and with daily fantasy sports being the hot topic that it is today, it's looking like DFS will be a natural part of that examination.

    "Looks a Lot Like Sports Betting"

    Republican Senator Rob Bradley is the head of the Regulated Industries Committee in the Florida Senate, and he's already been on record saying the daily fantasy sports "looks a lot like sports betting." This already tells us that he's going to be pushing to put daily fantasy sports on the chopping block, and unfortunately for many who enjoy these contests, they're not the first state to do so. A few states have already come out claiming that DFS is against their state laws, and this has caused providers like DraftKings and FanDuel to pull out of those states in response.

    Previous Opinions in Florida

    If we go way back to a previous Attorney General of Florida, at the time he gave the opinion that betting on fantasy sports wasn't legal under Florida state law, even though there is no clear wording for it. This hasn't been challenged in court yet, but it's worth pointing out that the fact that UIGEA has a carve-out for fantasy sports wouldn't overturn a Florida ruling on the subject. The UIGEA specifically doesn't make any type of betting legal or illegal, something that people in the industry often forget. Instead, it's primarily a banking law concerning illegal transactions.

    Where DFS is Heading

    What's really interesting right now is that daily fantasy sports, especially now during football season, seems to be following a similar path as online poker did. The only difference is that the governments have been through this before with poker, so the process is speeding up a big with daily fantasy sports. Chances are the some states are going to ban it while others regulate it and others still completely ignore it. What's virtually guaranteed, however, is that it's going to be a legal nightmare to get all of these things sorted out, and the players will surely be the ones to suffer in the big picture while this thing works itself out.

    Related News

    • 06 February 2016

      Vantiv to Suspend Daily Fantasy Sports Payments

      For the past six months or so, daily fantasy sports have been dealt setback after setback in what seems to be a series of dominoes that are taking their sweet time in falling over. For about 18 months, the top DFS providers got a ton of attention through aggressive marketing tactics and sponsorships and deals with everything from ESPN to major league sports teams. After a scandal broke last fall, they've seen a lot of negative attention as well. The Most Recent Developments Vantiv Inc.

      Read full article
    • 21 January 2016

      Daily Fantasy Sports Not Allowed Says Maryland AG

      Over the past few months, there have been a lot of questions about the legality of daily fantasy sports in multiple states. The Attorney General for New York sent a cease and desist letter to major companies like FanDuel and DraftKings, and they also hit some resistance from the AG in Illinois. Now the Attorney General of Maryland Brian Frosh has stated that it's not allowed under existing laws in the state. Where to Go From Here From here, Frosh has suggested one of two things.

      Read full article
    • 19 January 2016

      Daily Fantasy Sports May or May Not Be Illegal in Texas

      Daily fantasy sports have come under fire in New York from their Attorney General, and the biggest names in the business were forced to make a deal with the AG from Illinois after she determined that the events were illegal in that state as well. The Attorney General in Texas, however, is taking his sweet time with coming out with an opinion on the matter. Why the Delay?

      Read full article