• [ 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:1313
@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
    1121 views
    Thumbnail for #migrantes DESGARRADOS POR QUE NO PUEDEN ENTRAR a #usa  pero creen que tarde o temprano PODRÁN | ImpactoVisión1:22:53
    #migrantes DESGARRADOS POR QUE NO PUEDEN ENTRAR a #usa pero creen que tarde o temprano PODRÁN | ImpactoVisión
    Invidious8
    21 views
    Thumbnail for How to Track COVID-19 Without Mass Surveillance9:31
    How to Track COVID-19 Without Mass Surveillance
    ReasonVids
    1253 views
    Thumbnail for happy new year (except for that one guy in particular, fuck that guy)0:27
    happy new year (except for that one guy in particular, fuck that guy)
    bestofupgoat
    667 views
    Thumbnail for Ken Burns and Lynn Novick: The Vietnam War Is the Key to Understanding America41:03
    Ken Burns and Lynn Novick: The Vietnam War Is the Key to Understanding America
    ReasonVids3
    1466 views
    Thumbnail for Cop Flips Pregnant Woman's Car For Not Pulling Over and Stopping Fast Enough9:33
    Cop Flips Pregnant Woman's Car For Not Pulling Over and Stopping Fast Enough
    bestofpoal
    1388 views
    Thumbnail for The Simpsons - Seymour Skinner vs Edna Krabappel1:50
    The Simpsons - Seymour Skinner vs Edna Krabappel
    clips
    1266 views
    Thumbnail for I didn't think we could do this anymore0:39
    I didn't think we could do this anymore
    bestofvoatxyz
    1549 views
    Thumbnail for Cocktail Shakedown: The New War Against Classic Mixed Drinks8:17
    Cocktail Shakedown: The New War Against Classic Mixed Drinks
    ReasonVids2
    1256 views
    Thumbnail for Weegs reads poetry1:57
    Weegs reads poetry
    AmericanMuskrat
    361 views
    Thumbnail for Who are American gun owners? | FunnyMemeSpot0:43
    Who are American gun owners? | FunnyMemeSpot
    Invidious7
    571 views
    Thumbnail for James Altucher Found Himself by Losing Everything (and You Can Too!)37:27
    James Altucher Found Himself by Losing Everything (and You Can Too!)
    ReasonVids
    1311 views
    Thumbnail for Trump's Fake News: Deep Breaths and Fact-Checking Might Just Save America5:10
    Trump's Fake News: Deep Breaths and Fact-Checking Might Just Save America
    ReasonVids
    1276 views
    Thumbnail for Hunter Price: Simon Cowell Requests Second Song From Performer - America's Got Talent 2018 | America's Got Talent5:14
    Hunter Price: Simon Cowell Requests Second Song From Performer - America's Got Talent 2018 | America's Got Talent
    agt.topic
    1067 views
    Thumbnail for Pot is Legal in Colorado. So Why Can't You Smoke It Anywhere?6:35
    Pot is Legal in Colorado. So Why Can't You Smoke It Anywhere?
    ReasonVids2
    1195 views
    Thumbnail for My Mom’s Hummus Recipe | The Golden Balance1:00
    My Mom’s Hummus Recipe | The Golden Balance
    Invidious8
    36 views
    Thumbnail for Nice tits, you commie bitch!0:44
    Nice tits, you commie bitch!
    AOU
    3630 views
    Thumbnail for "Hold On, I'm calling Elon!"0:13
    "Hold On, I'm calling Elon!"
    AOUisgay
    662 views
    Thumbnail for All Opening Themes for The Flying Doctors (1985-1993)11:06
    All Opening Themes for The Flying Doctors (1985-1993)
    SaveTheClockTower
    1949 views
    Thumbnail for Whites ain't got no culture1:25
    Whites ain't got no culture
    bestofupgoat
    408 views
    Thumbnail for GUILTY - A Verdict in the Charlie Lynch Case4:17
    GUILTY - A Verdict in the Charlie Lynch Case
    ReasonVids
    1540 views
    Thumbnail for Valley Girl 19831:39:25
    Valley Girl 1983
    movies.topic
    318 views
    Thumbnail for Bitcoin's Censorship-Resistance Test: Canada13:24
    Bitcoin's Censorship-Resistance Test: Canada
    ReasonVids
    1344 views
    Thumbnail for A reddit mod reviews the turner diaries1:00
    A reddit mod reviews the turner diaries
    bestofvoatxyz
    1467 views
    Thumbnail for Can I beat Minecraft if MY MOM SHARES MY HEALTH BAR? | SmallAnt17:59
    Can I beat Minecraft if MY MOM SHARES MY HEALTH BAR? | SmallAnt
    Invidious6
    315 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