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  • y2mulder

    Tweet: ‏@howardstutz 3 minutes ago

    BREAKING: Nevada Gaming Control Board bans daily fantasy sports websites from Nevada. Says it’s gambling Story coming @reviewjournal #RJnow

    Letter: http://gaming.nv.gov/modules/showdocument.aspx?documentid=10481

  • Putz

    @AQUAFTM45 said...

    As some poster on the LVRJ forum posted. If DFS files for a license with the Nevada gaming commission they are essentially admitting that what they offer is gambling. Rock and a hard place….

    Or they should continue to operate let them take them to court for a site hosted in another state. I’d have my popcorn ready for that one.

  • dfsnba1990

    This is just the second attempt at regulating the DFS market. Earlier this year, Indiana introduced a bill that would have regulated daily fantasy sports. No action has been seen on that bill since it was brought in front of the legislature in early January.
    The bill in Indiana would have set up licensing for DFS operators via the state’s “racinos.” The legality — or the need to license DFS websites already in operation — was not addressed by the bill. Thus, if the bill were to become law, DFS sites would operate in a gray area in Indiana.
    Iowa and Kansas are also considering bills that would legalize DFS in their respective states, but no licensing would be necessary under the bills, as written.
    Interestingly, in debate about the Iowa bill earlier this month, members of the legislature brought up two different concepts that the Texas bill addresses:
    The idea that DFS is really just a form of sports gambling.
    The state should look into capturing revenue from DFS sites operating within its borders.
    The Texas bill addresses the concerns of those who voted against the Iowa DFS bill in the state Senate (it passed by a 2-to-1 margin), as it lumps DFS in with sports betting and requires a licensing fee to operate.
    What’s next?
    It’s unclear what sort of support this bill might have currently in the Texas legislature, although states are generally loathe to pass up ways to generate revenue. The Texas legislation brings up some questions for the DFS industry, especially if it is successful.
    Will other states draft similar legislation to deal with the issue of fantasy sports, and to capture revenue from DFS?
    Does the sentiment that DFS should be lumped in with sports betting continue to gain traction?
    If licensing is required, will sites other than FanDuel, DraftKings, and a few others be able to afford a still-to-be-determined licensing fee to operate in a single state?
    Whatever happens, it appears likely that the ramifications could extend well beyond Texas.

  • dfsnba1990

    the licensing seems to bbe what everyone wants. they just want money i cant seem them looking at how much $$$ DK and FD are bringing in an say we should make this illegal. Its the same thing a Marijuana although Washington some how fucked that up

  • Steroid

    Poker has and always will have the stigma of gambling.

    Fantasy sports has not and even still does not have the stigma of gambling, but with the commercials being played out (Hi, I deposited 23 dollars and won 2 million dollars, so can you), that narrative is changing.

    Why both FD and DK haven’t killer their commercials as of 10/15 is beyond me. I mean, they should have been killed when the first investigation began. Still, during the NFL game, the same FD commercial aired. WTF? Have no idea who is in charge over there.

    Don’t have great confidence they know what they are doing. Amateur hour.

  • soonerdawg

    @Steroid said...

    Why both FD and DK haven’t killer their commercials as of 10/15 is beyond me. I mean, they should have been killed when the first investigation began. Still, during the NFL game, the same FD commercial aired. WTF? Have no idea who is in charge over there.

    Maybe they’ve anticipated all along that at some point they’d get shut down, so why not bring as many people in as quickly as possible and generate as much short term profit as you can? I too cannot believe the utter stupidity of their nonstop commercials

  • dfsnba1990

    They know exactly what is going on. The states just want it regulated and a portion of the money every state will issue them a license and thus collect state tax and a annual renewal fee plus i’m sure a bunch of heavy fees FD and DK might have to change there model by charging a account fee or monthly fee that can be deducted from winnings to off set the new fees that come with the license. Just like Alcohol you need a license to sell that’s because it is taxed at a different rate and regulated they just want a way to track down the money organize it. I am also very sure they want it to stay its a cash cow

  • Putz

    @dfsnba1990 said...

    Link

    It’s called higher rake.

  • dfsnba1990

    Daily fantasy sports is the hottest form of online gaming — although the industry bases its legality on being a skill-based game, and as such is unregulated in the U.S. And while it’s possible that the status quo remains, it’s also possible that regulatory schemes could be coming down the pike.
    The subject of regulation was discussed at a panel at this week’s Global Gaming Expo, with William Hill CEO Joe Asher and Star Fantasy Leagues COO Seth Young talking about the matter. More from ESPN:
    The panel was about regulation, so when it turned to that topic, Young again called DFS a game of skill and didn’t want his industry regulated when he said they’re already doing a good job of doing that on their own.
    “Why? Why is regulation such a bad thing?” Asher said. “The airlines are regulated. I’m glad they are because I don’t want them crashing into each other in the sky. A fire code exists so you don’t have too many people in a room. That’s a good thing. So when you speak about regulation, you act as though it’s the worst thing in the world? Regulation, in many respects, is actually OK, Seth. So, why are you guys so afraid of it?”
    They at least agreed that with regulation comes taxation and Young said both would be OK as long as it wasn’t onerous and allowed companies to make a profit.
    Rahul Sood, CEO of the eSports betting site Unikrn, also touched on the subject at the keynote of G2E:

  • Mstrotter

    When you vote for liberals, you get regulation. They go hand in hand.

  • dfsnba1990

    http://www.legalsportsreport.com/4393/regulating-daily-fantasy-sports/ this is all you need

  • dfsnba1990

    regulation is a good thing it makes it legal

  • traction

    And to think this domino chain is all due to the DFS Ownership Leak thread. Truly amazing turn of events….

  • Putz

    @Mstrotter said...

    When you vote for liberals, you get regulation. They go hand in hand.

    Makes no sense in this case and has no place here. The other side could easily argue that if you vote conservative, the moral right will shut everything down that is deemed immoral, in their view, such as drinking, smoking, gambling, while they engage in this same activity behind closed doors outside the public’s view.

  • sharksfansd

    This is obviously terrible for all DFS’ers in Nevada and as others have said I hope the big players (DK/FD) had anticipated this happening.

    As for the slates, curious to see what % of the LU’s active right now are dead/getting refunds. I take it this isn’t something that the sites would publish? Or can maybe just count the number of 0 point entries on Sunday/Monday?

  • Putz

    @traction said...

    And to think this domino chain is all due to the DFS Ownership Leak thread. Truly amazing turn of events….

    No, before that it was Scriptgate I and now Scriptgate II, plus all the annoying ads.

  • dfsnba1990

    Dam you nailed that

  • Steroid

    @dfsnba1990 said...

    They know exactly what is going on. The states just want it regulated and a portion of the money every state will issue them a license and thus collect state tax and a annual renewal fee plus i’m sure a bunch of heavy fees FD and DK might have to change there model by charging a account fee or monthly fee that can be deducted from winnings to off set the new fees that come with the license. Just like Alcohol you need a license to sell that’s because it is taxed at a different rate and regulated they just want a way to track down the money organize it. I am also very sure they want it to stay its a cash cow

    Must be a contrarian GPP strategy they are using, because they probably should be getting in bed with these people, not fighting them, they will lose. They are going half assed by hiring one lobbyist. That won’t work.

    However, if the strategy is to take them head on through the legal system and pit congress and the legal system versus a bunch of 18-40 year old male and silicon valley “millionaires and billionaires” as Obama once loved to say, lol, the cards are stacked against the industry (non pun intended)

  • soonerdawg

    thanks obama

  • sharksfansd

    @Mstrotter said...

    When you vote for liberals, you get regulation. They go hand in hand.

    Huh? Best I can tell there are plenty of R’s that are quite interested in getting involved in their constituents business when it suits them. And IIRC there were plenty of them were against on-line poker prior to Black Friday going down.

  • traction

    Maybe with the pressure of the leagues dfs sites stand a better chance.

    http://espn.go.com/chalk/story/_/id/13897169/nfl-looking-prevent-congressional-hearing-ties-daily-fantasy-sports

  • dfsnba1990

    Dude DFS is going nowhere ITS GOING TO BE LEGAL yea LEGAL the first part in making something that operated in the gray area legal is to regulate it and investigate that fanduel and draftkings aren’t ran by the cartel isis or anything of that nature. Then you offer licenses then that makes for competition between sites. better incentives for us its the start of a bright future. Then the states that don’t allow now will look at this in time and say oh well the world didn’t fall apart and all these states regulated it and are collecting money. Then they will change the law and offer licenses. IT WILL BE LEGAL AND REGULATED.

  • AQUAFTM45

    @sharksfansd said...

    This is obviously terrible for all DFS’ers in Nevada and as others have said I hope the big players (DK/FD) had anticipated this happening.

    As for the slates, curious to see what % of the LU’s active right now are dead/getting refunds. I take it this isn’t something that the sites would publish? Or can maybe just count the number of 0 point entries on Sunday/Monday?

    I live in Las Vegas and bought into a lineup about 30 minutes ago. I think they will run. In the past I have tried posting lineups while in AZ and it would let you create the lineup, but not buy into a tournament because it recognized you were in AZ. Went across the border into Nevada and created my lineup, bought in and was all set. I could even follow my lineup while I was back in AZ. I don’t think this will be an immediate measure. But good thing I am flying to FLA tonight.

  • sharksfansd

    @AQUAFTM45 said...

    I live in Las Vegas and bought into a lineup about 30 minutes ago. I think they will run. In the past I have tried posing lineups while in AZ and it would let you create the lineup, but not buy into a tournament because it recognized you were in AZ. Went across the border into Nevada and created my lineup, bought in and was all set. I could even follow my lineup while I was back in AZ. I don’t think this will be an immediate measure. But good thing I am flying to FLA tonight.

    Good info, thanks. Have a good flight to the Sunshine state.

  • traction

    @AQUAFTM45 said...

    But good thing I am flying to FLA tonight.

    You must’ve missed the memo that Starsdraft pulled out of FLA. Hopefully DK and FD stand their ground

  • Njcop2001

    I don’t get why some people are against regulation. Do you trust these sites to do the right thing ? I certainly don’t.

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