Call For Regulation Of DFS (Daily Fantasy Sports) Grows Amid Shady Insider Trading Possibility At DraftKings

[PatsFan1283]

Look at the RX $500 league. It is 30 bucks a week.

For 30 bucks a week you got 12 people following injuries, reading news, sweating multiple games (obviously some sweat the league more than others but you get the point)

Just tough to get that type of sweat in sports betting for 30-50 week. And for a ton of people, they aren't spending more than $50-100 a week on gambling entertainment.

 

[CHOPTALK]

How hard does hache think it is for the average person to bet on a game? It is harder than it has ever been but it is still pretty damn easy if you truly want to. Not like we're beheading people in America for taking Cowboys +3.5. Legal vs illegal is not an absolute. People can bet sports easily.

For most of fantasy sports growth cycle, betting on a game has been very easy. Fantasy sports started to accelerate in popularity when you could bet online with just a few mouse clicks.

Independent of that, it would be pretty tough to argue sports betting could provide the same entertainment to a casual viewer that fantasy sports can. Following multiple games, players, interactivity, user-experience, even camaraderie are all variables he just doesn't seem to understand. You can get a lot of mileage out of $50 bucks in fantasy for the avg user. In sports betting, you need a little more skin in the game than that.

That is why the leagues push this stuff, because the fan engagement is off the charts and numerous marketing data backs it up. Having someone bet Buccs +3.5 @ Redskins just doesn't capture nearly as many eyeballs and not too many people are interested in exclusively watching a game like that for 3 hrs. So for the same user, what do they do? Bet every game? Just isn't really feasible.

You just need to get out of your little itty-bitty bubble and realize there are multiple forms of entertainment.

People bet on all kinds of stupid shit in America. Slots, blackjack, craps, roulette, scratch tickets and the lottery. Guessing fantasy sports can carve-out some market share.

Exactly.
Thats what ive been saying the whole time.

Another reason the NFL loves DFS is if you bet the Bucs/skins game that only interest a casual viewer in one game.

You have a DFS lineup with 12 players all of sudden you watching every game on the screen.
You wanting to get the NFL Sunday ticket. You are glued to the NFL from 6AM till midnight.


And that is a very good point that anyone who truly wants to bet on sports can if they want.

The funny thing is its easier for me to bet on a game then it is for me to play DFS.

People just cant get out of the bubble mentality. Lots of people have this problem.

Ive always been a marketer.
Thats what I went to school for.

Sometimes people will watch a commercial on TV and say thats the dumbest commercial they have ever seen without realizing that he/she is not the target audience for that commercial.


There are millions and millions of people who love DFS that would never touch sports betting even if it was legal at their finger tips.
Just because many people at this site use DFS for a substitute for real legal betting does not mean thats the case for most.

To be honest I would rather DFS then sports bet.

Im the opposite of Hache. I use sports betting as a substitute for DFS.

If I could DFS my sports betting days would likely be over besides futures and props.

I think there is more competition and strategy involved in DFS then sports betting.

Sports betting is so efficient (especially football) that its hardly worth the trouble to be honest.

I also dont feel the competition aspect of sports betting that I would would DFS.

I much rather compete against another real person then compete against the house.

Its kind of why I like poker more then BJ.

The competition aspect of poker makes it much more interesting then playing a game of BJ.

 

[HacheMan]

How hard does hache think it is for the average person to bet on a game? It is harder than it has ever been but it is still pretty damn easy if you truly want to. Not like we're beheading people in America for taking Cowboys +3.5. Legal vs illegal is not an absolute. People can bet sports easily.

For most of fantasy sports growth cycle, betting on a game has been very easy. Fantasy sports started to accelerate in popularity when you could bet online with just a few mouse clicks.

Independent of that, it would be pretty tough to argue sports betting could provide the same entertainment to a casual viewer that fantasy sports can. Following multiple games, players, interactivity, user-experience, even camaraderie are all variables he just doesn't seem to understand. You can get a lot of mileage out of $50 bucks in fantasy for the avg user. In sports betting, you need a little more skin in the game than that.

That is why the leagues push this stuff, because the fan engagement is off the charts and numerous marketing data backs it up. Having someone bet Buccs +3.5 @ Redskins just doesn't capture nearly as many eyeballs and not too many people are interested in exclusively watching a game like that for 3 hrs. So for the same user, what do they do? Bet every game? Just isn't really feasible.

You just need to get out of your little itty-bitty bubble and realize there are multiple forms of entertainment.

People bet on all kinds of stupid shit in America. Slots, blackjack, craps, roulette, scratch tickets and the lottery. Guessing fantasy sports can carve-out some market share.

You keep singling me out with "Hache" but you can't get it in your head that YOU are in the minority with you BIASED opinion (yes it is biased as others in this thread pointed out earlier) which obviously has YOU in an itty-bitty bubble.

No need to get ugly about things, this is fun debate in my opinion...

 

[vitterd]

Been getting emails from draft kings to write my rep and senators to block a bill about fantasy sports. Senator got back to me saying casinos want chance to do it. This is confusing.

 

[PatsFan1283]

You keep singling me out with "Hache" but you can't get it in your head that YOU are in the minority with you BIASED opinion which obviously has YOU in an itty-bitty bubble.

No need to get ugly about things, this is fun debate in my opinion...

I wasn't singling you out. You are the person I am talking to in this thread. If it was someone else, I would've said "what so and so is missing"

itty bitty bubble, I mean that's just shooting the shit talk man.

Like chop says though, your opinion is based on your own consumer preferences/background.

 

[CHOPTALK]

You keep singling me out with "Hache" but you can't get it in your head that YOU are in the minority with you BIASED opinion (yes it is biased as others in this thread pointed out earlier) which obviously has YOU in an itty-bitty bubble.

No need to get ugly about things, this is fun debate in my opinion...

You are using on online sports betting forum as a gauge to say he is in the minority.
Come on man.

This website is a bubble in itself.

You cant say that someone is in the minority just because 2 or 3 people entered this thread on a sports betting site say "yea hache you right".

 

[PatsFan1283]

Been getting emails from draft kings to write my rep and senators to block a bill about fantasy sports. Senator got back to me saying casinos want chance to do it. This is confusing.

I wonder if maybe they saw you are in PA and send everyone in PA that? C&P it in here if you feel like it. Would like to see it.

 

[PatsFan1283]

You are using on online sports betting forum as a gauge to say he is in the minority.
Come on man.

This website is a bubble in itself.

You cant say that someone is in the minority just because 2 or 3 people entered this thread on a sports betting site say "yea hache you right".

It would be like asking Tony Stewart what he thinks about the future of autonomous cars.

 

[jensinc]

Commissioners say daily fantasy not akin to gambling, but needs regulation

• Darren Rovell, ESPN.com Sports Business reporter

• 
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The commissioners of Major League Baseball, the NFL and the NBA on Tuesday said they don't consider daily fantasy games gambling, but they agree the games need regulation.

Their comments came in separate interviews on ESPN Radio's Mike & Mike.

"I think the biggest concern is the one that attracted the most publicity," said Rob Manfred, commissioner of Major League Baseball, which owns a stake of undisclosed size in daily fantasy company DraftKings. "You want to make sure that the fantasy organizations have appropriate safeguards in place to ensure that things are fair, that there's not an inappropriate use of information and that fans who engage on these platforms have an opportunity to win."

<aside class="inline editorial float-r" data-behavior="article_related" style="box-sizing: border-box; font-family: BentonSans, -apple-system, Roboto, Helvetica, Arial, sans-serif; border: 1px solid rgb(221, 221, 221); clear: none; margin: 6px 0px 15px 18px; padding: 15px; width: 285px; min-height: 1px; position: relative; float: right; color: rgb(0, 0, 0); font-size: 16px;">EDITOR'S PICKS

• Fantasy association to create control agency
  
  The Fantasy Sports Trade Association announced Tuesday that it has appointed former acting U.S. Secretary of Labor Seth D. Harris to create a self-regulating agency.

</aside>Manfred was referring to the incident that started the scrutiny on the fantasy sports, when DraftKings employee Ethan Haskell won $350,000 in an NFL contest on competitor FanDuel's site. What followed were questions about whether Haskell and other employees have access to insider data that could provide them with an advantage over the public. DraftKings and FanDuel subsequently banned employees from playing daily fantasy games, and 24 consumer fraud lawsuits have been filed over the past 20 days.

DraftKings said its investigation and a third-party investigation revealed that in Haskell's case, there was no impropriety. But New York Attorney General Eric Schneiderman and U.S. Attorney Preet Bharara are investigating the matter to make sure there has been no fraud.

The NBA's Adam Silver, who previously has pushed for regulation, said that at this point, it's a necessary next step and is a "net positive."

"You are putting money at risk, and so from that standpoint, I think in terms of the integrity of those businesses, the confidence that fans have, that consumers have in playing those games, I think regulation is in order," Silver said. "People should know what percent of the pool of money is paid out in the same way you would at a track or at any other event where wagering is involved."

Earlier this month, Nevada's state gaming board ruled that fantasy contests constitute gambling and could not be offered in the state without gambling licenses.

None of the commissioners said that they thought daily fantasy games were, in fact, gambling. The NBA holds an equity stake in FanDuel, and though NFL commissioner Roger Goodell said individual NFL teams can't own stakes in those companies, two NFL team owners -- the Patriots' Robert Kraft and the Cowboys' Jerry Jones -- do.

"We believe season-long fantasy is much different than that," Goodell said. "We believe daily fantasy is different than that because it's essentially a matchup of players. There is not influence so that it can influence the outcome of a game."

Manfred said that, at this point, officials within his league are "very comfortable with the legality of the games that are being offered."

"Fantasy is not gambling, in my view," Manfred said. "What I've said about legalized gambling is that the landscape is changing and that baseball, during this offseason, principally will take a look at its relationships with legalized gambling -- whether it's sponsorship, whatever -- and re-evaluate given that the country has changed in terms of its approach to legalized gambling."

While Silver supports legalized sports gambling, Goodell said the NFL strongly opposes it.

"We are not in favor of legalizing sports gambling," Goodell said Tuesday on the show. "We think that is a mistake for sports. The integrity of our game is the most important thing and we want to make sure that our game is above any sort of influence and we do not want to participate in that."

While Goodell acknowledged that betting on his sport clearly happens, he said, "When you are making money directly from it, people will question or at least [have a] perception of whether that influenced any actions, and we want to stay above that."

 

[vitterd]

I wonder if maybe they saw you are in PA and send everyone in PA that? C&P it in here if you feel like it. Would like to see it.

Yeah....it was a pa thing. Already deleted but it was a form....I gave my zip code and it linked to my local reps. I signed the form letter urging the reps to not sign the bill. Also sent to Gov Tom Wolfe but that came back undeliverable. I guess draft kings had bad email address.

Sen or rep Dave Argall replied saying the casinos in pa want a chance to do fantasy sports but he didn't indicate his position on any of it. Just a thank you for contacting his office.

 

[BostonBettor]

Yeah....it was a pa thing. Already deleted but it was a form....I gave my zip code and it linked to my local reps. I signed the form letter urging the reps to not sign the bill. Also sent to Gov Tom Wolfe but that came back undeliverable. I guess draft kings had bad email address.

Sen or rep Dave Argall replied saying the casinos in pa want a chance to do fantasy sports but he didn't indicate his position on any of it. Just a thank you for contacting his office.

Government officials have no clue. No one is going to go to casinos to play dfs.

 

[PatsFan1283]

Government officials have no clue. No one is going to go to casinos to play dfs.

That actually isn't really what the casinos want. What they want is to use their site as a web portal to then redirect people to the DFS sites and split the profits with them. So people can still do it from home/mobile app, just the casino would get a cut.

The sites obviously don't want to do that and it is stupid, but it isn't really the samething as casino run DFS.

But now Adelson is making some noise in PA about online gambling so who knows what the hell happens.

 

[HacheMan]

Mass AG: "I highly doubt that I would be satisfied, as a consumer protection matter, trusting or relying on DFS industry to regulate itself"



Fantasy sports industry moves to create outside control board



The trade group representing the embattled daily fantasy sports industry will create a control board to oversee how companies like DraftKings and FanDuel do business -- a move to keep regulation out of the "hands of others,” according to a Fantasy Sports Trade Association email obtained by the Herald.

The control board, which will be dubbed the Fantasy Sports Control Agency, will bring “enhanced transparency, ethics and integrity to the industry,” according to the email, written by Paul Charchian, the FSTA’s president.

<aside id="related-content" style="box-sizing: inherit; color: rgb(0, 0, 0); font-family: 'Open Sans', Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 26px;"></aside>“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.

He added: "Simply put, the leadership of the FSTA believes that we cannot and should not allow the future of our industry to rest in the hands of others."

The control board will be chaired by Seth D. Harris, the former acting U.S. Secretary of Labor for the Obama Administration, according to the email.

“This is a decisive first step in our industry's path toward meaningful self-regulation,” Charchian wrote.
Attorney General Maura Healey, whose office is doing a review of the industry and its companies, said today she wasn't aware of the move by the trade group, but she isn't surprised by it.

“Clearly this is industry that has needed regulation and controls, and that's important,” Healey told the Herald. “I don't know enough of what it is they're proposing. (But) I highly doubt that I would be satisfied, as a consumer protection matter, trusting or relying on that industry to regulate itself.”

 

[HacheMan]

“Clearly this is industry that has needed regulation and controls, and that's important,” Healey told the Herald. “I don't know enough of what it is they're proposing.
(But) I highly doubt that I would be satisfied, as a consumer protection matter, trusting or relying on that industry to regulate itself.”

Amen to that

 

[RenoChazz]

Mass AG: "I highly doubt that I would be satisfied, as a consumer protection matter, trusting or relying on DFS industry to regulate itself"



Fantasy sports industry moves to create outside control board



The trade group representing the embattled daily fantasy sports industry will create a control board to oversee how companies like DraftKings and FanDuel do business -- a move to keep regulation out of the "hands of others,” according to a Fantasy Sports Trade Association email obtained by the Herald.

The control board, which will be dubbed the Fantasy Sports Control Agency, will bring “enhanced transparency, ethics and integrity to the industry,” according to the email, written by Paul Charchian, the FSTA’s president.

<aside id="related-content" style="box-sizing: inherit; color: rgb(0, 0, 0); font-family: 'Open Sans', Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 26px;"></aside>“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.

He added: "Simply put, the leadership of the FSTA believes that we cannot and should not allow the future of our industry to rest in the hands of others."

The control board will be chaired by Seth D. Harris, the former acting U.S. Secretary of Labor for the Obama Administration, according to the email.

“This is a decisive first step in our industry's path toward meaningful self-regulation,” Charchian wrote.
Attorney General Maura Healey, whose office is doing a review of the industry and its companies, said today she wasn't aware of the move by the trade group, but she isn't surprised by it.

“Clearly this is industry that has needed regulation and controls, and that's important,” Healey told the Herald. “I don't know enough of what it is they're proposing. (But) I highly doubt that I would be satisfied, as a consumer protection matter, trusting or relying on that industry to regulate itself.”

This is what I was hoping for to happen. Hopefully we get it back soon in Nevada.

 

[HacheMan]

This is what I was hoping for to happen. Hopefully we get it back soon in Nevada.

Yeah but I don't think most states (Or even Congress possibly) is going to allow them to regulate themselves...

 

[G.MONEY]

Illinois information from today:

Illinois lawmaker proposes daily fantasy sports regulations
Oct 27, 2015 06:28 PM
CHICAGO (AP) -- Illinois would regulate daily fantasy sports websites and add consumer protections under a proposal filed Tuesday by a state legislator who said his plan could spark discussions about how to handle a fast-growing industry under scrutiny nationwide.

Under the legislation, using sites such as DraftKings and FanDuel wouldn't be considered gambling in Illinois, but companies would need policies for audits and barring employees from competing. The legislation also prohibits players under 18 and allows sites to check players for child support obligations or tax liens.

Rep. Mike Zalewski, a Riverside Democrat, said his plan could be at the forefront of overseeing the popular emerging technology where some payouts top $1 million.

"Players with interests are protected. We don't have people playing the games who shouldn't be playing," he said. "We should have some best practices to make sure everyone has a level playing field."

The Illinois legislation comes as other states are trying to determine whether the popular websites are legal.

 

[PatsFan1283]

Child support obligations?

Aww man, being a deadbeat dad and having a big Sunday in fantasy just got a whole lot less fun.

Good news otherwise though....

 

[Mobdeeper7239]

Tried tellin yall. U fanduelers were getting punkd