INDUSTRY FORUM

  • mjordantmac

    • 2016 FanDuel NBA Playboy Mansion Finalist

    Published an hour ago on Huffington Post. Congressman saw the DK and FD advertising spam while watching football and now wants Congress to check legality of our industry. Sigh…

    http://huff.to/1QB6oXm

  • edro990

    I have seen this coming for awhile now. First let me be clear: I love DFS, but make no mistake IT IS GAMBLING. Whether it is a game of skill or not makes no difference. You pay a fee (make a wager) in order to win more than that fee. Now I know people will make the case that it isn’t, but if they are going to consider poker to be gambling, then this is a no brainer. You have to remember that when the government steps in anything is possible. Where this ends up is anybody’s business, but don’t be surprised if DFS runs the same course as online poker.

  • Felder15

    • 2017 DraftKings FBWC Finalist

    • x2

      2018 DraftKings FHWC Finalist

    I think you are reading this wrong. From where i sit (in Jersey) the article and the other ones I’ve read from the local paper is less about the legality of DFS and more about the illegality of sports wagering. The senator is upset that you cant place a bet in NJ after several attempts by the state to legalize.

  • nymjjb

    its not congress who will bring this down-its the IRS

    and yes its gambling

  • robertrivelli

    Why is gambling even illegal in the first place? Don’t see any reason why someone shouldn’t be allowed to do what they want with their own money.

  • Wombat

    Freaking politicians man. GO AWAY.

    I have trouble seeing DFS going the poker route with all the money that has been invested recently. And you have ESPN and the NFL partnered with the sites, there is just too many powerful people with an interest in keeping it going.

  • bigloser11

    @Felder15 said...

    think you are reading this wrong. From where i sit (in Jersey) the article and the other ones I’ve read from the local paper is less about the legality of DFS and more about the illegality of sports wagering. The senator is upset that you cant place a bet in NJ after several attempts by the state to legalize.

    I agree and think he is saying a few different things.Why is DFS different. Some states are looking for new $$ without taxing and some of the pro leagues, especially the NBA, are talking about legalizing gambling on pro sports.It is done illegally anyway and the states are looking to cash in. jm

  • headChopper

    RG Contributor (OG Status)

    • 343

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    • x2

      $1M Prize Winner

    • 2014 DraftKings FBWC Finalist

    C’mon guys. Don’t be so negative. State’s are legalizing marijuana and some are on the verge of legalizing sports betting. The country is changing their attitude about subjects like this.
    Also with all the heavy invested entities and money out there, no one stands a chance at shutting down DFS now.

  • Putz

    @headChopper said...

    C’mon guys. Don’t be so negative. State’s are legalizing marijuana and some are on the verge of legalizing sports betting. The country is changing their attitude about subjects like this.
    Also with all the heavy invested entities and money out there, no one stands a chance at shutting down DFS now.

    I agree with that. Disney, Comcast, Yahoo, CBS, etc.

    Are you hitting the devil’s lettuce yet Chop?

  • BurritoHound

    It doesn’t help when the industry (looking at YOU, Fan Duel) runs ads with a dude talking about how much of an “adrenaline rush!” they get playing daily fantasy. Unreal.

  • tclii85

  • mjordantmac

    • 2016 FanDuel NBA Playboy Mansion Finalist

    @headChopper said...

    C’mon guys. Don’t be so negative. State’s are legalizing marijuana and some are on the verge of legalizing sports betting. The country is changing their attitude about subjects like this.
    Also with all the heavy invested entities and money out there, no one stands a chance at shutting down DFS now.

    I agree 100% Chop… Just saw this article on my timeline and thought I’d share.

  • sharksfansd

    Crossing fingers this doesn’t go the way of Black Friday. Agree with those of you saying there appears to be more acceptance of this compared to what the Congress did in 2006. Although, sometime soon we may see a curve ball where one of the states will want a cut of the action (e.g. like they do with state lotteries).

    Anyhow, new Wash Post story (similar to write up in first post); http://www.washingtonpost.com/news/sports/wp/2015/09/14/draftkings-fanduel-could-face-first-significant-legal-challenge-after-hearing-request/

  • ActionJunkie

    Vote Republican. Booooo big Government Liberals ;)

  • TheFFOracle

    @tclii85 said...

    What is more likely to ruin DFS is that the government (states and/or feds) will come to call for their piece of the pie. This will balloon rake, and make the games unplayable for the professional players. This will shrink prize pools significantly on two fronts (more taken out of the pot and far less shark multi entry players to support huge guarantees). New Jersey is hoping that by putting scrutiny on DFS a new umbrella sports wagering legalization will be passed on the federal level so that they can offer single game wagering. This sneaky maneuver may work for them, though I doubt it. Chances are enough important people are invested in DFS now that the topic will just be ignored.

    This is called taxes and people like me pay 38% of their winnings to the government. Not sure what else they could want. Everyone that profits over $600 receives a 1099-K. The IRS can audit anyone that doesn’t declare this DFS income.

  • BirdWings

    • x4

      2014 StarStreet MLB Playboy Mansion Finalist

    • MLB 2014 Rankings Leader

    @headChopper said...

    C’mon guys. Don’t be so negative. State’s are legalizing marijuana and some are on the verge of legalizing sports betting. The country is changing their attitude about subjects like this.
    Also with all the heavy invested entities and money out there, no one stands a chance at shutting down DFS now.

    Yup. Agree. Way too main stream and positive public perception. Going backwards now is just too difficult and won’t happen.

    Sustainability is the issue.

  • Yukerboy

    • Blogger of the Month

    An Italian Democrat questioning the legality of wagering.

    Irony.

  • AtGame7

    @headChopper said...

    C’mon guys. Don’t be so negative. State’s are legalizing marijuana and some are on the verge of legalizing sports betting. The country is changing their attitude about subjects like this.
    Also with all the heavy invested entities and money out there, no one stands a chance at shutting down DFS now.

    Do not underestimate the stupidity of our government.

  • osuryanf

    Unfortunately I’ve seen the writing on the wall for this one for awhile.

    Any of us who grinded Pokerstars/Full Tilt have questioned the legality of it all the entire time (even though we’ve obviously kept our mouths shut and loved playing DFS).

    But, how is daily fantasy a game of skill and poker is not? I paid my way through college with online poker, not by winning a huge tournament, but grinding 10-15 tournaments at a time, several hours a day, suffering through downswings (like in DFS), and remaining +ROI% solely because of SKILL and understanding variance. Sure, there’s “luck” involved in poker, but if you don’t think theres any “luck” in DFS you’ve lost your mind (Ask BALLAHH on Draftkings last night when Carlos Hyde ran for 5 yards with under 2 minutes left to jump him from $1 million to $2 million.. Luck? Surprised he was even in the game at that point).

    Nonetheless, I don’t know if the government wants to pull the trigger to really attempt to pull these sites down. They dealt with a public outcry when they banned poker, and now several tax paying players moved abroad and the government now receives $0 tax dollars from any US pro who moved outta country (and I assure you it’s way more players than you think). If they think that public outcry was bad, IMAGINE how many people will freak if they shut down all DFS sites? It would be a total disaster.

    Not only is DK/FD receiving endorsements from major American companies/businesses such as NFL, MLB, Yahoo etc., DK/FD are also American companies, tax paying companies who pay millions into our government.

  • PJGuin23

    DFS Tax Guru

    @ActionJunkie said...

    Vote Republican. Booooo big Government Liberals ;)

    That’s the party pushing RAWA for Fascist prick casino owner Sheldon Adelson. Granted there are libertarian minded Republicans in favor of DFS and iGaming but they are still clearly the minority.

    If DFS dies legislatively, it will be on GOP hands. I think Rep. Pallone wants a united front.

  • njdevils52

    This seems more like a politician seeing an opportunity to make a name for himself than anything else. The fact that you all now know who he is and that you’re talking about him would be enough of a motive for him to take a stance on something quickly becoming a mainstream hot-button topic.

    Politicians are slimy, but not stupid. I don’t think he truly believes he has a real shot at changing something with this much momentum.

  • Turn2gold

    @edro990 said...

    I have seen this coming for awhile now. First let me be clear: I love DFS, but make no mistake IT IS GAMBLING. Whether it is a game of skill or not makes no difference. You pay a fee (make a wager) in order to win more than that fee. Now I know people will make the case that it isn’t, but if they are going to consider poker to be gambling, then this is a no brainer. You have to remember that when the government steps in anything is possible. Where this ends up is anybody’s business, but don’t be surprised if DFS runs the same course as online poker.

    Then picking my lucky lottery numbers is gambling too .

  • johnnyupton

    @BurritoHound said...

    It doesn’t help when the industry (looking at YOU, Fan Duel) runs ads with a dude talking about how much of an “adrenaline rush!” they get playing daily fantasy. Unreal.

    As annoying as the commercials are in the first place, I was doing the same thing: shaking my head at the fact that anyone let these commercials get made, let alone plastered all over the networks.

    Pick your sport, pick your players pick up your cash- like no one could see that that might draw some regulatory or political scrutiny. Then as you mention the “adrenaline rush” comment.

    I would say you can’t make this up, but then somebody obviously did.

  • 8MileAllstars

    @Turn2gold said...

    Then picking my lucky lottery numbers is gambling too .

    It is and then it’s only legal if regulated by the State.

  • MrLinderman

    @8MileAllstars said...

    It is and then it’s only legal if regulated by the State.

    Dislcaimer: I have a law degree and am a “retired” attorney…

    My view:

    DFS is fine, and is not an apt comparison to online poker for two reasons:

    1. Big sites are based in the US, pay taxes, winners pay taxes. DK and FD are very careful to make things as kosher as possible, and are pretty transparent with the IRS and government regulations

    2. the UIGEA, which was used to shut down online poker, is pretty clear that it doesn’t apply to fantasy sports.

    (E) does not include—
    … (ix) participation in any fantasy or simulation sports game or educational game or contest in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of an actual team that is a member of an amateur or professional sports organization (as those terms are defined in section 3701 of title 28) and that meets the following conditions:
    (I) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest and their value is not determined by the number of participants or the amount of any fees paid by those participants.
    (II) All winning outcomes reflect the relative knowledge and skill of the participants and are determined predominantly by accumulated statistical results of the performance of individuals (athletes in the case of sports events) in multiple real-world sporting or other events.
    (III) No winning outcome is based— (aa) on the score, point-spread, or any performance or performances of any single real-world team or any combination of such teams; or (bb) solely on any single performance of an individual athlete in any single real-world sporting or other event.

  • DaveNYC

    this clown needs to worry about his own NJ district which is a crime dump, instead of national fantasy sports. Wouldn’t be surprised if failing Atlantic City is in his pocket and is the real push behind this.

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