7 ms·

Daily Fantasy Sports probably wont go the way of poker for a couple of reasons: 1. DraftKings and FanDual are US based companies, most of the big poker sites w

Daily Fantasy Sports probably wont go the way of poker for a couple of reasons: 1. DraftKings and FanDual are US based companies, most of the big poker sites were not. 2. There is an exception for fantasy sports in the Unlawful Internet Gambling Enforcement Act. You can debate whether Daily Fantasy Sports should qualify, but unlike poker it is at least starting on legal ground. 3. Daily Fantasy Sports has buyins from the NFL, NFLPA, individual teams, ESPN, the major broadcast networks, etc. Lots of peoples' hands have been greased from all of the money DraftKings and FanDual have been spending on promotion.

the_watcher 11y ago
There's also the fact that it seems extremely likely that gambling laws will continue to be relaxed, continuing to reduce their risk.
waterlesscloud 11y ago
Yeah, there's no scare-quotes "legality" here, it's quite explicitly and and intentionally spelled out as legal. It's not some clever interpretation, it's what the law says. It's pretty obvious this was a planned process.
- xirdstl 11y ago
  A sobering reminder of the disproportionate power of professional sports leagues. MLB antitrust exemption, anyone? (disclaimer: I love MLB, but c'mon).
interesting_att 11y ago
Moreover, online gambling will be legalized within the decade. It is already legal in NJ and NV. The only reason why we banned online gambling was banned was because of Sheldon Adelson's lobbying, not because of some inherent moral corruption.
- samstave 11y ago
  Yeah but the regulations around how it is legal is quite bullshit: in order for online gambling to be legal the entirety of your server infra must be within the state lines of either NJ or NV. So you can't host shit in U.S.-east or us-west and serve online gambling stuff from there. However if all your betting business is international, you can host in any aws region... Basically all online gambling regulations are just as lame and corrupt as they've always been.
onwardly 11y ago
Another reason is that playing DraftKings or FanDuel does actually make watching football more interesting- you care about games you otherwise wouldn't care about. Many people will happily continue to lose $10/week for the benefit of enjoying watching the NFL more. Online poker isn't as fun when you're consistently losing money- there's no "outside" benefit.
- kasey_junk 11y ago
  By that rationale online sports books should be legal in the US (hint: they should)
  - deleted 11y ago
    [deleted]
- aianus 11y ago
  Putting $100 on a specific football match at 1.5% rake is both more fun and more profitable than DraftKings/FanDuel.
  - gregorymichael 11y ago
    Difference is: entering a DFS lineup makes you care about most of the games.
genericpseudo 11y ago
FanDuel is a Scottish company.
robk 11y ago
Fanduel is Scottish
- falsedan 11y ago
  Their engineering is in Edinburgh, and the sales & marketing is in New York (and much larger).
  - dvdcxn 11y ago
    It came out of Scottish enterprise funding and is run by Brits, ergo, it's Scottish in origin but based in New York.

the_watcher 11y ago

There's also the fact that it seems extremely likely that gambling laws will continue to be relaxed, continuing to reduce their risk.

waterlesscloud 11y ago

Yeah, there's no scare-quotes "legality" here, it's quite explicitly and and intentionally spelled out as legal. It's not some clever interpretation, it's what the law says. It's pretty obvious this was a planned process.

xirdstl 11y ago
A sobering reminder of the disproportionate power of professional sports leagues. MLB antitrust exemption, anyone? (disclaimer: I love MLB, but c'mon).

interesting_att 11y ago

Moreover, online gambling will be legalized within the decade. It is already legal in NJ and NV. The only reason why we banned online gambling was banned was because of Sheldon Adelson's lobbying, not because of some inherent moral corruption.

samstave 11y ago
Yeah but the regulations around how it is legal is quite bullshit: in order for online gambling to be legal the entirety of your server infra must be within the state lines of either NJ or NV. So you can't host shit in U.S.-east or us-west and serve online gambling stuff from there. However if all your betting business is international, you can host in any aws region... Basically all online gambling regulations are just as lame and corrupt as they've always been.

onwardly 11y ago

Another reason is that playing DraftKings or FanDuel does actually make watching football more interesting- you care about games you otherwise wouldn't care about. Many people will happily continue to lose $10/week for the benefit of enjoying watching the NFL more. Online poker isn't as fun when you're consistently losing money- there's no "outside" benefit.

kasey_junk 11y ago
By that rationale online sports books should be legal in the US (hint: they should)
- deleted 11y ago
  [deleted]
aianus 11y ago
Putting $100 on a specific football match at 1.5% rake is both more fun and more profitable than DraftKings/FanDuel.
- gregorymichael 11y ago
  Difference is: entering a DFS lineup makes you care about most of the games.

genericpseudo 11y ago

FanDuel is a Scottish company.

robk 11y ago

Fanduel is Scottish

falsedan 11y ago
Their engineering is in Edinburgh, and the sales & marketing is in New York (and much larger).
- dvdcxn 11y ago
  It came out of Scottish enterprise funding and is run by Brits, ergo, it's Scottish in origin but based in New York.