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Five Ways Legal Sports Betting Could Run Off The Rails

Legal Sports betting It could result in some who have been open to the potential benefits of sports betting taking a different view. Daily fantasy becoming sports betting in states where sports betting is not legal For those who have emerged from a coma recently, daily fantasy sports are a lot like sports betting. In fact, one of the things that separates fantasy sports from sports betting is a statute called the Unlawful Internet Gambling Enforcement Act ( UIGEA ). UIGEA says that fantasy contests that meet a multi-pronged exemption are exempt from the term “bet” or “wager” within the statute. UIGEA does not legalize all fantasy sports, nor does it declare that fantasy sports are a game of skill. UIGEA has served as a shield for daily fantasy companies since lawmakers began to take an interest in the companies several years ago. However, one daily fantasy CEO allegedly acknowledged on a conference call with the Fantasy Sports Trade Association that daily fantasy events based on a NASCAR race or a golf tournament do not comply with the statutory language of UIGEA. DraftKings ’ latest product , Flash Draft, appears to come as close to any remaining line between daily fantasy sports and gambling, if such a line exists. Flash Draft appears to be a bit like daily fantasy sports on methamphetamine. The short of it is : “Competitors will draft athletes based upon their expected fantasy performances in the second, third and fourth quarters. The drafts will begin 30 seconds after the end of the previous quarter.

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