• [ 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:1054
@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
    937 views
    Thumbnail for Smoothini: Bar Magician Flies Through Amazing Tricks - America's Got Talent 2014 | America's Got Talent3:35
    Smoothini: Bar Magician Flies Through Amazing Tricks - America's Got Talent 2014 | America's Got Talent
    agt.topic
    839 views
    Thumbnail for Iron Man vs Spider Man New Home, Spider Man No Way Home, Spider Man Miles Morales Funny Animation | WHUP TV1:00
    Iron Man vs Spider Man New Home, Spider Man No Way Home, Spider Man Miles Morales Funny Animation | WHUP TV
    invidious
    362 views
    Thumbnail for 05 A History of Scotland - Project Britain1:00:36
    05 A History of Scotland - Project Britain
    AOUisgay
    368 views
    Thumbnail for The Illuminati (2005)1:54:25
    The Illuminati (2005)
    bestofvoatxyz
    844 views
    Thumbnail for Guess the Price2:16
    Guess the Price
    bestofupgoat
    593 views
    Thumbnail for Hope For a Better Drug Policy: "America's Longest War" Panel Discussion25:02
    Hope For a Better Drug Policy: "America's Longest War" Panel Discussion
    ReasonVids
    942 views
    Thumbnail for Me on my way to another debate with @postwallhelena0:10
    Me on my way to another debate with @postwallhelena
    bestofvoatxyz
    600 views
    Thumbnail for [LIVE]  PERINGATAN TAHUN BARU HIJRIYAH BERSAMA MAJELIS SABILU TAUBAH  SENIN, 22 JULI 2024 | Gus Iqdam Official1:00
    [LIVE] PERINGATAN TAHUN BARU HIJRIYAH BERSAMA MAJELIS SABILU TAUBAH SENIN, 22 JULI 2024 | Gus Iqdam Official
    invidious
    268 views
    Thumbnail for Real Nigga Workout0:28
    Real Nigga Workout
    bestofupgoat
    171 views
    Thumbnail for I'm thinking of setting up a T-Shirt booth at the airport0:51
    I'm thinking of setting up a T-Shirt booth at the airport
    bestofupgoat
    212 views
    Thumbnail for Moon Man - You are a Nigger1:52
    Moon Man - You are a Nigger
    moonman
    1038 views
    Thumbnail for The Paleo Diet Delusion: Paleofantasy's Marlene Zuk on Dietary Myths5:30
    The Paleo Diet Delusion: Paleofantasy's Marlene Zuk on Dietary Myths
    ReasonVids
    979 views
    Thumbnail for Protests rock Israel0:08
    Protests rock Israel
    bestofvoatxyz
    490 views
    Thumbnail for Gator water slide0:16
    Gator water slide
    bestofvoatxyz
    809 views
    Thumbnail for Arrival - MAP01: Waste Abandonment (Fast Ultra-Violence 100%) | decino16:54
    Arrival - MAP01: Waste Abandonment (Fast Ultra-Violence 100%) | decino
    invidious
    297 views
    Thumbnail for Animals comforting man having bad day0:35
    Animals comforting man having bad day
    bestofvoatxyz
    576 views
    Thumbnail for CBC reporter crashes out due to her own cognitive dissonance while attempting to defend non-existent graves3:41
    CBC reporter crashes out due to her own cognitive dissonance while attempting to defend non-existent graves
    x0x7
    84 views
    Thumbnail for Woke Kindergarten 60 Second Text: We Keep Us Safe | Woke Kindergarten1:04
    Woke Kindergarten 60 Second Text: We Keep Us Safe | Woke Kindergarten
    invidious
    219 views
    Thumbnail for Obama Gets Busted on Mythbusters!0:46
    Obama Gets Busted on Mythbusters!
    ReasonVids
    997 views
    Thumbnail for Right...0:21
    Right...
    AOUisgay
    507 views
    Thumbnail for INFLATION RED ALERT: THE RUN ON HARD ASSETS HAS BEGUN | SGT Report29:07
    INFLATION RED ALERT: THE RUN ON HARD ASSETS HAS BEGUN | SGT Report
    bitchute_topics
    903 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
    97 views
    Thumbnail for This Brazilian Lemonade Runs Through My Veins | The Golden Balance0:44
    This Brazilian Lemonade Runs Through My Veins | The Golden Balance
    invidious
    238 views
    Thumbnail for Danger Cliff0:06
    Danger Cliff
    bestofupgoat
    604 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