• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload URLHotlinkRandomAbouttheme toggle
Expand

Is Playing Daily Fantasy Sports Any Different From Playing Powerball?

Views:1134
@ReasonVids

The debate around daily fantasy sports isn’t about skill or chance, but evidence that America’s psuedo-ban on sports gambling is hypocritical and ineffective.

Subscribe: goo.gl/NqjoWI

"When you just think back to the enormous Powerball fervor that gripped the entire country—that’s okay," says daily fantasy player Brian Greenwood. "But for me to develop a lineup and enjoy the aspect of becoming a general manager for a team for a day and essentially risking something by putting in an entry fee—that's not okay. That doesn’t really hold water for me."

Greenwood is a professor, husband, and father. He also represents the typical fantasy sports player. Last year, over 56 million Americans participated in fantasy sports play. And since the first sites went online in 2007, daily fantasy has grown to a multi-billion dollar business with DraftKings and FanDuel leading the industry.

Unlike traditional fantasy leagues that span over the course of an entire season, daily fantasy contest typically last a single day. While sports betting is mostly illegal in the United States, fantasy sports has a special exemption under the Unlawful Internet Gambling Enforcement Act of 2006. But even with the federal carveout, the shortened span of daily fantasy contests combined with each state’s ability to define gambling in their jurisdiction has left daily fantasy in a legally murky area.

Marc Edelman, a professor at Baruch College—part of The City University of New York (CUNY) system—and contributor to Forbes magazine, is a law and sports business expert who has covered daily fantasy since its emergence in the early 2000s. "If one wants to be honest, daily fantasy sports represent a gray area under the law."

Despite questions of its legality, fantasy sports sites set up shop and operated mostly under the radar until late 2015, when a DraftKings employee was reported to have used insider information to win a $350,000 cash prize on rival company FanDuel’s platform.

News of potential wrongdoing drew the attention of New York’s attorney general, Eric Schneiderman, who promptly launched an investigation to determine if DraftKings and FanDuel constituted illegal gambling.

And though Schneiderman sees daily fantasy as a "massive, illegal gambling operation" and describes it as a lottery, in New York the lottery is legal—as are other forms of state-sponsored gambling including horse racing and Indian casinos. And these state-run gambling institutions are often prone to the same corruption that occurs in private sector operations. So why are those forms of gaming okay, but not daily fantasy sports?

"I think to an extent recent state actions are about protecting innocent victims and ensuring player protection, but another big piece of that has to be protecting their monopoly to regulate and offer gambling services within their state," explains David G. Schwartz, director of the gaming research center at the University of Nevada, Las Vegas. He says that America has a complicated history with gambling that have led to cycles of legalization and recriminalization.

The fantasy sports industry is quickly mobilizing in response to Schneiderman’s crusade to shut them down. Steven Miller, who played part in the effort to legalize online poker, has organized the Daily Fantasy Sports Players Alliance to represent players across the country.

"No one wants to play a game where the rules of the game change state by state," states Miller. "Prohibition doesn’t work. It didn’t work in poker. It didn’t work with alcohol. It doesn’t work with a host of other ranges of industry. Prohibition with daily fantasy sports is not the answer."

Approximately 8 minutes.

Produced by Alexis Garcia. Camera by Jim Epstein, Paul Detrick, & Alex Manning. Music by Kevin MacLeod & Audionautix.

Click https://reason.com/reasontv/2016/02/05/new-york-daily-fantasy-sports-crackdown for downloadable versions and subscribe to Reason TV's YouTube Channel to get automatic updates when new stories go live.

fantasy sports
,
daily fantasy sports
,
draftkings
,
fanduel
,
draft kings
,
fan duel
,
new york
,
eric schneiderman
,
gambling
,
gaming
,
sports
,
reason.com
,
reason
,
reasontv
,
mark cuban
    Movie Night
    Thumbnail for Hillary and Bernie Supporters in Their Own Words Before the NH Debate2:48
    Hillary and Bernie Supporters in Their Own Words Before the NH Debate
    ReasonVids
    1003 views
    Thumbnail for Cute Father’s Day card idea🩵 | Sonya Art 220:17
    Cute Father’s Day card idea🩵 | Sonya Art 22
    invidious
    155 views
    Thumbnail for Outplayed ad2v1 12.21 | Outplayed ad2v1 12.210:36
    Outplayed ad2v1 12.21 | Outplayed ad2v1 12.21
    invidious
    444 views
    Thumbnail for PLAYING HELLDIVERS 2 SOLO IS INSANE (PS5 Walkthrough Gameplay Part 1) | theRadBrad40:39
    PLAYING HELLDIVERS 2 SOLO IS INSANE (PS5 Walkthrough Gameplay Part 1) | theRadBrad
    invidious
    435 views
    Thumbnail for Police TRAP YOU with Small Talk (How to Avoid It) | Andrew Flusche Attorney at Law5:15
    Police TRAP YOU with Small Talk (How to Avoid It) | Andrew Flusche Attorney at Law
    invidious
    47 views
    Thumbnail for Huge Lawsuit Update!!! Taylor V. Kuncas Heading Towards The Next Step. | The Armed Fisherman4:44
    Huge Lawsuit Update!!! Taylor V. Kuncas Heading Towards The Next Step. | The Armed Fisherman
    invidious
    495 views
    Thumbnail for How TV's 'Dallas' Won the Cold War2:46
    How TV's 'Dallas' Won the Cold War
    ReasonVids
    1110 views
    Thumbnail for Thank You for Vaping: Libertarians vs. New York City's E-Cig Ban3:13
    Thank You for Vaping: Libertarians vs. New York City's E-Cig Ban
    ReasonVids
    1054 views
    Thumbnail for Uppity nigger pwnd by autistic huwhite boy 1:00
    Uppity nigger pwnd by autistic huwhite boy
    bestofupgoat
    305 views
    Thumbnail for Stop Criminalizing Parenting: Free Range Kids' Lenore Skenazy on Fears over Child Safety12:09
    Stop Criminalizing Parenting: Free Range Kids' Lenore Skenazy on Fears over Child Safety
    ReasonVids
    1019 views
    Thumbnail for Ralph Nader on "Spoiling" the Election for Al Gore0:50
    Ralph Nader on "Spoiling" the Election for Al Gore
    ReasonVids
    1077 views
    Thumbnail for 🤪👨🏿‍🦱🧱💥🚗🧑🏿‍🦼‍➡️0:20
    🤪👨🏿‍🦱🧱💥🚗🧑🏿‍🦼‍➡️
    bestofupgoat
    195 views
    Thumbnail for Society Can't Decide if You Should Treat Races Equally or Different | Ryan Long4:32
    Society Can't Decide if You Should Treat Races Equally or Different | Ryan Long
    Invidious2
    132 views
    Thumbnail for What did the jews do to Germans?2:58
    What did the jews do to Germans?
    AOUisgay
    540 views
    Thumbnail for Kikery most foul0:23
    Kikery most foul
    bestofupgoat
    214 views
    Thumbnail for What TRUMP Aays About Vaccines24:57
    What TRUMP Aays About Vaccines
    bestofvoatxyz
    985 views
    Thumbnail for The Machine: The Truth Behind Teachers Unions4:30
    The Machine: The Truth Behind Teachers Unions
    ReasonVids
    1134 views
    Thumbnail for Guy explains the origin of the fires in L.A.0:28
    Guy explains the origin of the fires in L.A.
    bestofupgoat
    197 views
    Thumbnail for Another Troubled City, Another Subsidized Stadium to the Rescue9:41
    Another Troubled City, Another Subsidized Stadium to the Rescue
    ReasonVids
    971 views
    Thumbnail for  Blackrock buys into anime to add niggers kikes faggots2:58
    Blackrock buys into anime to add niggers kikes faggots
    bestofupgoat
    304 views
    Thumbnail for Homestar Runner Goes for the Gold7:34
    Homestar Runner Goes for the Gold
    homestarrunner_unofficial
    818 views
    Thumbnail for VFX Artist Reveals how Many Solar Panels are Needed to Power the ENTIRE World | Corridor Crew21:18
    VFX Artist Reveals how Many Solar Panels are Needed to Power the ENTIRE World | Corridor Crew
    invidious
    539 views
    Thumbnail for 陳佩琪.蔡壁如證實行動硬碟是柯的 柯不認Excel他做的 蛤?智商157的詭辯世界? 鍾年晃揪柯自己前後矛盾:下場不會比較好│王偊菁主持│【前進新台灣 PART2】20241227│三立新聞台 | 前進新台灣53:41
    陳佩琪.蔡壁如證實行動硬碟是柯的 柯不認Excel他做的 蛤?智商157的詭辯世界? 鍾年晃揪柯自己前後矛盾:下場不會比較好│王偊菁主持│【前進新台灣 PART2】20241227│三立新聞台 | 前進新台灣
    invidious
    224 views
    Thumbnail for what a fucking nigger 3:08
    what a fucking nigger
    bestofupgoat
    649 views
    Thumbnail for AIIIEEEEE CARUMBA! cheating beanerita gets exposed at her baby shower2:14
    AIIIEEEEE CARUMBA! cheating beanerita gets exposed at her baby shower
    bestofupgoat
    481 views

points

Permalink
Reply
fantasy sports
,
daily fantasy sports
,
draftkings
,
fanduel
,
draft kings
,
fan duel
,
new york
,
eric schneiderman
,
gambling
,
gaming
,
sports
,
reason.com
,
reason
,
reasontv
,
mark cuban
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle