Saturday, October 17, 2015

FanDuel/DraftKings: Nevada bans daily fantasy as gambling

The Nevada Gaming Control Board has banned residents of the state from participating in daily fantasy sports on the grounds that it constitutes gambling, it announced Thursday.

Daily fantasy "meets the definition of a game or gambling game," the gaming board concluded.

The Wall Street Journal reported earlier Thursday that the FBI and Department of Justice are investigating the legality of pay-to-play daily fantasy sports. Daily fantasy sites have previously been allowed to operate due to an exception in the Unlawful Internet Gambling Enforcement Act of 2006 for online games of skill.

Read more... http://www.si.com/nfl/2015/10/15/fanduel-draftkings-nevada-state-ban-daily-fantasy