4 ms·

It's so sad that intrade got stomped by the Feds while fanduel and draftkings are advertising on TV. There's a serious social utility in prediction markets, whe

by gefh 11y ago

It's so sad that intrade got stomped by the Feds while fanduel and draftkings are advertising on TV. There's a serious social utility in prediction markets, whereas fantasy sports betting is just another way to separate punters from their money.

_delirium 11y ago
While the feds haven't done anything about them yet, Nevada just started cracking down on daily fantasy sports: http://www.nytimes.com/2015/10/16/sports/gambling-regulators-block-daily-fantasy-sites-in-nevada.html http://www.nytimes.com/2015/10/16/sports/gambling-regulators...
- avn2109 11y ago
  The NFL's army of lobbyists and attorneys will insure that some form of legalized digital sports betting is available mostly-nationwide. It might be called "Fantasy Sports" or it might be called something else, but it will be widely-advertised and very profitable. The cat's out of the bag and they'll make sure it's never going back in.
  - slg 11y ago
    >The NFL's army of lobbyists and attorneys will insure that some form of legalized digital sports betting is available mostly-nationwide. Except if that were true, why wasn't there legal nationwide betting available before DraftKings and FanDuel? The NFL only cares about gambling to the extent it can grow interest in the sport, but once it gets too messy they will wipe their hands of the whole situation. The NFL's lobbyist have more important things to work on than dying on the hill of legalized sports betting.
    - huac 11y ago
      DraftKings and FanDuel paid off top NFL-related personnel, so the interests of DK/FD align with the NFL's interests. Now, the NFL (or at least influential executives) will get their cut of the pie, without actually having to bake the pie themselves. Turns out, asking for permission rather than forgiveness works. Though, yes, the NFL's lawyer army will have concussion battles to fight for the foreseeable future.
    - drumdance 11y ago
      I believe several NFL owners are also investors in both companies.
    - avn2109 11y ago
      The NFL cares about gambling now because this time they are getting a cut. And the total gambling pie is gigantic.
- nostromo 11y ago
  Cracking down? Not really. The Nevada Gaming Commission just wants licensing fees. Nevada also knows that if fantasy sports is considered gambling, most other states will disallow it. Which, again, is good for Nevada. This is motivated purely by self-interest.

by gefh 11y ago

_delirium 11y ago

While the feds haven't done anything about them yet, Nevada just started cracking down on daily fantasy sports: http://www.nytimes.com/2015/10/16/sports/gambling-regulators-block-daily-fantasy-sites-in-nevada.html http://www.nytimes.com/2015/10/16/sports/gambling-regulators...

avn2109 11y ago
The NFL's army of lobbyists and attorneys will insure that some form of legalized digital sports betting is available mostly-nationwide. It might be called "Fantasy Sports" or it might be called something else, but it will be widely-advertised and very profitable. The cat's out of the bag and they'll make sure it's never going back in.
- slg 11y ago
  >The NFL's army of lobbyists and attorneys will insure that some form of legalized digital sports betting is available mostly-nationwide. Except if that were true, why wasn't there legal nationwide betting available before DraftKings and FanDuel? The NFL only cares about gambling to the extent it can grow interest in the sport, but once it gets too messy they will wipe their hands of the whole situation. The NFL's lobbyist have more important things to work on than dying on the hill of legalized sports betting.
  - huac 11y ago
    DraftKings and FanDuel paid off top NFL-related personnel, so the interests of DK/FD align with the NFL's interests. Now, the NFL (or at least influential executives) will get their cut of the pie, without actually having to bake the pie themselves. Turns out, asking for permission rather than forgiveness works. Though, yes, the NFL's lawyer army will have concussion battles to fight for the foreseeable future.
  - drumdance 11y ago
    I believe several NFL owners are also investors in both companies.
  - avn2109 11y ago
    The NFL cares about gambling now because this time they are getting a cut. And the total gambling pie is gigantic.
nostromo 11y ago
Cracking down? Not really. The Nevada Gaming Commission just wants licensing fees. Nevada also knows that if fantasy sports is considered gambling, most other states will disallow it. Which, again, is good for Nevada. This is motivated purely by self-interest.