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I dont think that Draftkings blatantly broke laws. The Unlawful Internet Gambling Enforcement Act of 2006 specifically excluded fantasy sports in the definition
by nommm-nommm 11y ago
I dont think that Draftkings blatantly broke laws. The Unlawful Internet Gambling Enforcement Act of 2006 specifically excluded fantasy sports in the definition of gambling.
The issue is people allege that daily fantasy sports is more akin to the illegal type of gambling because it doesn't require enough skill whereas the law was intended to cover the traditional type of fantasy sports which require more than 1 day commitment and smaller sums of money.
- ritchiea 11y agoIndeed, DratKings and Fanduel realized you could create a new type of fantasy sports competition that was still explicitly legal but also allowed for regular, compulsive gambling. It was actually quite clever. The fantasy sports gambling exemption was conceived for year long fantasy sports contests where typical participants bet small sums annually rather than casino like contests that allowed people to bet repetitively.
- nommm-nommm 11y agoPerhaps you can say "exploited a [probably, maybe, unintended] legal loophole."
- ritchiea 11y agoIt's almost certain the Draftkings use case was unforeseen.
- deleted 11y ago[deleted]