Legal questions arise for fantasy day game biz
Some of the newest incarnations of fantasy football look a lot more like gambling than intricate, outsmart-your-opponent strategy games.
Since 2011, the billion-dollar fantasy market has been infused with dozens of daily and weekly games. Those games allow players to win huge prizes quickly, sometimes in one week, sometimes in just one night. With players betting thousands or even tens of thousands a night, legal experts believe it’s time to review the section of the 2006 federal law that was written specifically to protect fantasy sports from being banned the way online poker was.
“There’s importance in clarifying the law,” says Marc Edelman, a professor at Fordham Law School who studies the law as it applies to fantasy sports. “As long as there’s uncertainty about the legality of these games, some potential businesses that might enter the marketplace stay out.”