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  • nrberkeley

    Per Marketwatch.com, FantasyAces is applying for a gambling license in NV. Have FD/DK done this? Any word on if they will? If not, then this is one of the more interesting subplots of this whole mess. DK/FD will continue to maintain that “DFS is not gambling” while FA applies for a gambling license.

    MOD EDIT: Trent from FantasyAces posted below that they are considering the option but that no decision has been made.

  • iSplashRollz

    I’m pretty sure FD said they are not applying

  • kaetorade

    • 2013 DraftStreet DSBBC Finalist

    @nrberkeley said...

    Per Marketwatch.com, FantasyAces is applying for a gambling license in NV. Have FD/DK done this? Any word on if they will? If not, then this is one of the more interesting subplots of this whole mess. DK/FD will continue to maintain that “DFS is not gambling” while FA applies for a gambling license.

    I don’t like this one bit. Sets a dangerous precedent.

  • DavidK44

    @kaetorade said...

    I don’t like this one bit. Sets a dangerous precedent.

    I imagine a well-run company with a firm grasp of public relaions could apply for a license in Nevada while actively maintaing that they don’t agree with the conclusion that the NGC reached. “We dont agree with you that this is gambling, but your state is free to make its own decisions, so we will respect your state’s decision and apply for a gambling license to offer our product to your residents”.

    It may hurt your chances of getting approved to take that position, and also, I don’t consider FD or DK a company that has a firm grasp of public relations so I doubt they’d be able to take that approach, but that’s the way to do it.

  • QQSTUKIE

    Pretty sure you read a press release, was this it? http://www.marketwatch.com/story/fantasy-aces-daily-fantasy-sports-corp-removes-all-nevada-users-from-further-participation-on-their-site-2015-10-16-9173151

  • browns79

    @kaetorade said...

    I don’t like this one bit. Sets a dangerous precedent

    I think its a smart move on their part, showing the govt. and the public that you’re willing to comply and submit to regulations is a good first step. I don’t wanna see DFS die off, its a great hobby, but with the way FD/DK has handled these situations its highly likely. DK/FD had plenty of opportunities to get out in front of this mess. One thing I’ve learned in my 40 years on this planet is don’t poke the govt. with sticks , you won’t beat them.

  • Dmurphy104

    • Blogger of the Month

    Like I posted in the other thread, I am sure they can state in the application that they don’t believe that DFS meets the federal definition of gambling as defined, but that they are submitting the application to be compliant with Nevada State law.

  • Bra3105

    @Dmurphy104 said...

    Like I posted in the other thread, I am sure they can state in the application that they don’t believe that DFS meets the federal definition of gambling as defined, but that they are submitting the application to be compliant with Nevada State law.

    The problem here is that other states might not look at it that way, creating a much bigger issue. Perception is more important in this case.

  • johnny

    If dfs is sports gambling, then PASPA makes it illegal outside of the 4 states allowed to offer sports gambling in the US and A.

    It can’t be sports gambling in Nevada and not sports gambling in the rest of the US and A.

    Many lawyers have argued that states can’t regulate dfs as sports gambling because that goes against PASPA, except in the 4 states allowed sports gambling which obviously includes Nevada.

  • Syko

    Have they recently changed the states they don’t allow to play on the site? It seems like they’ve added a few but maybe not.

  • nrberkeley

    @johnny said...

    It can’t be sports gambling in Nevada and not sports gambling in the rest of the US and A.

    Though it defies common sense, this is simply not true. The same word can be defined differently in various laws/code/etc. within the same state, let alone different states.

    Most often, the first part of any law is legal “definitions.” Type “California Civil Code Section 2981” into Google if you want an example.

  • YoungFischer

    Just a guess, but perhaps the license application and fees are less than the amount of lost hotel deposits for their football championship event out of the Palms in Vegas.

  • kaetorade

    • 2013 DraftStreet DSBBC Finalist

    @browns79 said...

    I think its a smart move on their part, showing the govt. and the public that you’re willing to comply and submit to regulations is a good first step. I don’t wanna see DFS die off, its a great hobby, but with the way FD/DK has handled these situations its highly likely. DK/FD had plenty of opportunities to get out in front of this mess. One thing I’ve learned in my 40 years on this planet is don’t poke the govt. with sticks , you won’t beat them.

    I’ve got nothing to add. I’m only quoting you to salute you on your avatar. :)

  • Putz

    @kaetorade said...

    I don’t like this one bit. Sets a dangerous precedent.

    Dk already did this in the UK.

  • DavidK44

    @nrberkeley said...

    Link

    Qu

    Malice, fraud, and assault are three words that I can think of that are defined very diferently in different states.

  • FantasyAces

    Hello Everyone,

    There was some confusion on information and a rush with our press release so I wanted to get on here to set the record straight. We are NOT applying for a gambling license in NV. We have our legal team looking into it to gather more information. I’d be happy to answer any questions.

    Trent

  • Avgplayer

    @FantasyAces said...

    Hello Everyone,

    There was some confusion on information and a rush with our press release so I wanted to get on here to set the record straight. We are NOT applying for a gambling license in NV. We have our legal team looking into it to gather more information. I’d be happy to answer any questions.

    Trent

    Thank you for being here.

  • electrichaz3

    for a site like fa to apply for a gambling license would be catastrophic. not only for the admittance of the assumed gambling aspect, but for the fact it will never survive said regulation. they wooudl have to raise rake significantly and charge a account fee to an already depleted customer base. double edged sword for any site of their ilk. i don’t even think FD or dk could either for that matter.

  • alomar15

    • 2015 FanDuel WFBC Finalist

    • x2

      2015 FanDuel CFB Playboy Mansion Finalist

    So us Nevadans are just sol awesome a good end to a terrible 2 days

  • Simba19

    This will suck I deposit $20 bucks a week or maybe $30 some weeks i win and don’t deposit for a few weeks it’s a hobby to me just like people in my state spend 20 times that in scratch off tickets A week…I have won a gpp once and made a little cash to keep playing plus always the chance to hit it big …regulation sounds great but longer this stays in the news the more chance there is for it to go away will be a sad day if this goes away…

  • Njcop2001

    @FantasyAces said...

    Hello Everyone,

    There was some confusion on information and a rush with our press release so I wanted to get on here to set the record straight. We are NOT applying for a gambling license in NV. We have our legal team looking into it to gather more information. I’d be happy to answer any questions.

    Trent

    I think it is a great idea to show that your site is open to government scrutiny to let your customers know that you have nothing to hide.

    Sticking your head in the ground while repeating “we are not gambling” is not going to convince politician to walk away from this issue. Opening your company up to regulators and licensing boards will ensure you run a legitimate operation which may help to back them off.

  • deactivated84892

    @johnny said...

    It can’t be sports gambling in Nevada and not sports gambling in the rest of the US and A.

    Odd analogy but professional wrestling requires licenses in some states and not in others. There are several obscure examples of inconsistency in law among the states.

  • bigloser11

    @FantasyAces said...

    Hello Everyone,

    There was some confusion on information and a rush with our press release so I wanted to get on here to set the record straight. We are NOT applying for a gambling license in NV. We have our legal team looking into it to gather more information. I’d be happy to answer any questions.

    Trent

    Thank you for the update. My understanding of Nevada is that DFS is prohibited and can result in up to 10 yrs prison time unless the DFS site applies for a gambling license. If that interpretation is right, it would be a smart move not to apply for an application, otherwise it would be an admission that DFS is gambling?jm

  • ChaosM83

    • 963

      RG Overall Ranking

    @Njcop2001 said...

    I think it is a great idea to show that your site is open to government scrutiny to let your customers know that you have nothing to hide.

    Sticking your head in the ground while repeating “we are not gambling” is not going to convince politician to walk away from this issue. Opening your company up to regulators and licensing boards will ensure you run a legitimate operation which may help to back them off.

    So you think the right move is to apply for a license in one state, while all the other states you can currently play in will now say, wait you just admitted you are gambling and ban you. So you get one state and lose all the rest.

    The problem is the NGS listed them as gambling, not a game of skill. There are games of skill they still require to be licensed. I think if in their statement they listed them as a game of skill that needs to be licensed there wouldn’t be a problem with the sites to admitting that and filing for a licenses. But no site is going to admit they are gambling. That would just have a huge back lash everywhere else.

  • Njcop2001

    @ChaosM83 said...

    So you think the right move is to apply for a license in one state, while all the other states you can currently play in will now say, wait you just admitted you are gambling and ban you. So you get one state and lose all the rest.

    The problem is the NGS listed them as gambling, not a game of skill. There are games of skill they still require to be licensed. I think if in their statement they listed them as a game of skill that needs to be licensed there wouldn’t be a problem with the sites to admitting that and filing for a licenses. But no site is going to admit they are gambling. That would just have a huge back lash everywhere else.

    You do realize that DK did exactly that in the UK, and that fact was something the NGC took into account, this is from the NGC decision:

    “DraftKings’ has applied for and received licenses to operate in the United Kingdom. http://www.prnewswire.com/news-releases/draftkings-announces-internationalexpansion-300129047.html . Although there is no question that the gambling laws of the United Kingdom and Nevada are fundamentally different, it is still noteworthy that the licenses in question are for ‘‘pool betting’’ and ‘‘gambling software,’’ and that DraftKings does not include either of those terms in its press release. Instead, DraftKings simply states that ‘‘the company has been granted a license to operate in the United Kingdom,’’ without identifying the licenses at issue. It appears that DraftKings recognizes the appearance of inconsistency between its position that it should be unregulated in the United States and its decision to submit to gaming regulation in the United Kingdom.”

  • johnny

    http://lasvegassun.com/news/2015/oct/16/draftkings-fanduel-circulate-petition-for-return-t/

    Greg Gemignani, a Las Vegas-based gaming attorney, said that if FanDuel and DraftKings do seek licensure from gaming regulators, they would be challenged by the state’s view that their product is sports wagering — which is, for the most part, illegal outside Nevada. Regulators would not license them if they continued to operate in other states, Gemignani said, because “you can’t get a license in Nevada to break the law elsewhere.”

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