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

Is Playing Daily Fantasy Sports Any Different From Playing Powerball?

Views:1063
@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
    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
    944 views
    Thumbnail for How Safety Coffins Work 😨 | Zack D. Films0:29
    How Safety Coffins Work 😨 | Zack D. Films
    invidious
    159 views
    Thumbnail for This is just an opportunity for attention | The Comments Section with Brett Cooper0:32
    This is just an opportunity for attention | The Comments Section with Brett Cooper
    invidious
    294 views
    Thumbnail for When the cold brutality of the bad ending sets in 0:28
    When the cold brutality of the bad ending sets in
    bestofupgoat
    134 views
    Thumbnail for Inside the World’s Densest City | The B1M16:55
    Inside the World’s Densest City | The B1M
    invidious
    176 views
    Thumbnail for Wooden Doors Experiment7:51
    Wooden Doors Experiment
    bestofvoatxyz
    453 views
    Thumbnail for Building a Next-Level Camera | DIY Perks14:28
    Building a Next-Level Camera | DIY Perks
    invidious
    190 views
    Thumbnail for Disney Nazi Thing0:17
    Disney Nazi Thing
    AmericanMuskrat
    101 views
    Thumbnail for Coongresswoman LaMonica McIver starts singing a song of dindu nuffin when confronted about her crimes on live tv 0:28
    Coongresswoman LaMonica McIver starts singing a song of dindu nuffin when confronted about her crimes on live tv
    bestofupgoat
    125 views
    Thumbnail for What if 0:12
    What if
    MilkyWay
    423 views
    Thumbnail for I Created the WORLDS Most Dangerous PC FAN | Major Hardware7:11
    I Created the WORLDS Most Dangerous PC FAN | Major Hardware
    invidious
    346 views
    Thumbnail for We Exploded the AMD Ryzen 7 7800X3D & Melted the Motherboard | Gamers Nexus38:47
    We Exploded the AMD Ryzen 7 7800X3D & Melted the Motherboard | Gamers Nexus
    invidious
    483 views
    Thumbnail for Ep. 2469a -[CB] Panics Over Inflation, Moves To Counter It 70’s Style, Big Fail | X22report16:53
    Ep. 2469a -[CB] Panics Over Inflation, Moves To Counter It 70’s Style, Big Fail | X22report
    bitchute_topics
    1066 views
    Thumbnail for Trump regresa a la Casa Blanca: habla Agustín Laje 'SIN PELOS EN LA LENGUA' | Vicky en Semana1:00:56
    Trump regresa a la Casa Blanca: habla Agustín Laje 'SIN PELOS EN LA LENGUA' | Vicky en Semana
    invidious
    231 views
    Thumbnail for Indianapolis Mayor Greg Ballard: Making City Government Work5:00
    Indianapolis Mayor Greg Ballard: Making City Government Work
    ReasonVids
    944 views
    Thumbnail for deftones - Beauty School | SuperDeftoner4:51
    deftones - Beauty School | SuperDeftoner
    invidious
    364 views
    Thumbnail for [🔴김태현의 정치쇼] 이란 직접 때린 트럼프, 왜?(민정훈)/李 나토 불참&김민석 청문회(김기현)/이재명 정부 20일(박용진)/[자강두변] 3대 특검 본격화 I 250623(월) | SBS 시사교양 라디오 - 시교라1:28:22
    [🔴김태현의 정치쇼] 이란 직접 때린 트럼프, 왜?(민정훈)/李 나토 불참&김민석 청문회(김기현)/이재명 정부 20일(박용진)/[자강두변] 3대 특검 본격화 I 250623(월) | SBS 시사교양 라디오 - 시교라
    invidious
    98 views
    Thumbnail for Peoples Press Collective3:58
    Peoples Press Collective
    ReasonVids
    839 views
    Thumbnail for Mark Bauerlein - Are You Smarter Than a 5th Grader?3:22
    Mark Bauerlein - Are You Smarter Than a 5th Grader?
    ReasonVids
    943 views
    Thumbnail for The map that saved the most lives | Jay Foreman8:08
    The map that saved the most lives | Jay Foreman
    invidious
    401 views
    Thumbnail for Nope, nothing could be worse 0:13
    Nope, nothing could be worse
    bestofupgoat
    69 views
    Thumbnail for I won't connect my dishwasher to your stupid cloud11:09
    I won't connect my dishwasher to your stupid cloud
    bestofupgoat
    102 views
    Thumbnail for Stairway to Stardom:  public-access tv show from the 80s11:27
    Stairway to Stardom: public-access tv show from the 80s
    bestofupgoat
    196 views
    Thumbnail for @mikenigger gets drafted1:49
    @mikenigger gets drafted
    bestofvoatxyz
    587 views
    Thumbnail for What If You Could Live for 10,000 years? Q&A with Transhumanist Zoltan Istvan9:59
    What If You Could Live for 10,000 years? Q&A with Transhumanist Zoltan Istvan
    ReasonVids
    949 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