Many in the industry agree, however, that both companies are at least somewhat to blame for the lack of oversight leading up to this point – oversight that might have limited the perception problem the industry is fighting.
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That path met a roadblock. And, it comes just days after the Illinois Gaming Board said it was reviewing whether the games are allowed.
“We can establish and enforce these systems ourselves, or we can put our industry in the hands of outside entities who do not understand the industry as we do — outside entities who are not as able nor as committed to establishing rules and regulations that ensure integrity and transparency while allowing the industry to continue to thrive”, Charchian wrote.
Before Nevada’s ruling, daily fantasy sports was banned in five states due to regulations against cash awards.
The DFS industry is now the subject of multiple state and federal law enforcement investigations into the legality of DFS following DraftKings’ data leak controversy earlier this month. “But the way Nevada law is now written, they didn’t fit”.
The Wall Street Journal reported the FBI and U.S. Department of Justice are looking into whether or not daily fantasy sports violates federal gambling laws.
The controversial daily fantasy sports sites have attracted millions of users, generating staggering revenues.
FanDuel said it was “pleased” with the announcement. There have been more than 20 similar lawsuits filed against the companies in October.
Farrell called 2015 “a make or break year” for DraftKings and FanDuel. Beyond that, Atkins says he’s anxious about the less prominent sites that may be flying under the radar.
“It shows they’re serious about it”, Rose said.
Michael Zalewski is driving a bill that would take steps to controlling the reach of fantasy sites.
The companies have brought out a high-profile defense.
Dallas Cowboys owner Jerry Jones on Sunday after his team lost to the New York Giants defended his investment into DraftKings. Jones and New England Patriots owner Robert Kraft invested in the business personally.
In addition to seeking out the names of those related to the NFL playing DFS, Pallone also wants information on how DraftKings and FanDuel goes about notifying other leagues including the NCAA when an athlete or colleague tries to enter a contest they directly participate. “I’m comfortable with the idea that it’s not gambling”.
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Technically, daily fantasy leagues are not considered gambling activities.
