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

[PatsFan1283]

Editorial: Shut down fantasy sports betting in Florida


Published: October 25, 2015

The ubiquitous advertisements filling the television airwaves during major sporting events make it all sound so simple and easy.
Pick a fantasy team based on the genius gained while sitting on a couch watching sports and win millions of dollars. But the daily fantasy-sports industry is like every form of big-time gambling. It preys on people’s hopes and dreams by offering the false promise of an easy score.

That’s why Florida law prohibits betting on unsanctioned games of chance or skill.
Yet the activity is flourishing in Florida despite the law and despite an ongoing investigation by the U.S. Attorney’s Office in Tampa. We hope federal investigators move quickly to shut the companies down.

In doing so, Florida would join a handful of states where the leagues are banned to protect the public from this unregulated activity.
Attorney Marc Dunbar, an expert on gaming in Florida, says Florida law is stricter than most states and can be interpreted to outlaw the fantasy leagues. “There’s no ambiguity,” he says.

Backing up that interpretation is a 1991 advisory opinion by the Florida Attorney General’s Office that found a sports fantasy league, similar to those now operating in Florida, violated state law.

But fantasy sports is a multi-billion dollar industry with wealthy investors that include major professional sports leagues and television networks and won’t go down without a fight. The Fantasy Sports Trade Association has hired prominent lobbyists in Florida and contributed $70,000 to political committees to get lawmakers on its side.

Fantasy players pay an entry fee allowing them to pick athletes from professional teams to form their own team and compete against teams of athletes picked by other players. Based on the collective performances of the athletes on a particular team a player whose team outperforms other teams wins money. Though variations of the leagues have been around for decades, the daily fantasy leagues now being pushed on television have proven wildly popular.
But we’re not talking about friends pooling money for fun on Sundays. This are large-scale operations meant to entice people with the illusion they will win millions. A few might, but the majority will throw hard-earned money away and try to win it all back again and again.

It’s disappointing to see Major League Baseball, the NBA, the NBC and FOX networks and other respected institutions lend legitimacy by investing in the fantasy sites and promoting them. According to Dunbar, nearly all of Florida’s seven professional sports franchises have entered into sponsorship deals with the daily fantasy sports industry.

Professional sports franchises and television networks should be warning people about these leagues, not encouraging them to participate in what appears to be an illegal activity in Florida.

It’s a sure bet the lobbyists will be working to change Florida law to allow for the leagues, and in the process possibly open the door to all forms of gambling in the state.

Lawmakers should reject those efforts. And federal prosecutors should lower the boom.



http://www.tbo.com/list/news-opinio...n-fantasy-sports-betting-in-florida-20151025/

Now can you see why "they refuse to admit it's gambling"

Because they wouldn't exist because of people like the dude who wrote that.

 

[HacheMan]

Now can you see why "they refuse to admit it's gambling"

Because they wouldn't exist because of people like the dude who wrote that.

Yeah...Almost as bad as the NYtimes lately...

 

[CHOPTALK]

Adam silver is by far the greatest commish in all of the sports world.

He just was on M&M and praised DFS and legal sports betting.
He gets it.

They are calling it commish Tuesday.

They already interviewed the MLB commish but I missed.


They are going to interview the NFL idiot next hr.

 

[CHOPTALK]

They interviewed all 3. Manfred, Silver, and Idiot today.
They brought up DFS and sports betting to all 3.
You can go to the website and listen to all 3 interviews.

Im sure everyone can guess which one was the biggest idiot of the 3.

 

[HacheMan]

Most people I know who play DF don't gamble, nor go on gambling sites like the Rx.

That's only because they haven't been introduced to the next level yet & still gambling (DFS) in the amateur ranks....

 

[HacheMan]

Some people at this place have a hard time comprehending that some people like fantasy football and they would not bet on sports even if they could.

I know you disagree with most of us on this but it's really not that complicated chop.

When i was young the first taste of gambling i had was me & my friend betting our most expensive sports cards on video games, particularly Madden Football.

Then it turned into playing Madden against each other for money, sometimes all night long.

Then hell, we invented DFS 30 years ago before these companies even had a clue, as we would pick NBA players every night based on their performance.

And then guess what came along....sports betting.

The other methods of gambling had been forgotten because we were now at the top of the totem pole betting on the real thing.

It's like going to a topless only club all of your life, and then discovering an all-nude club.

Thats DFS vs Sports Betting.

You're right that some will still play both, because i do.

But, like a large majority of the bettors on this site, for example, who have no interest in Fantasy Sports because they consider it kiddish & not on the same level as sports betting, most DFS players would &will convert if betting on sports is legally at their fingertips....