• [ network ]
  • submatrix.net
  • uvid.tv
  • img.uvid.tv
  • games.uvid.tv
  • apps.uvid.tv
HomeUploadUpload URLHotlinkRandomAbouttheme toggle
Expand

Is Playing Daily Fantasy Sports Any Different From Playing Powerball?

Views:1511
@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
    1314 views
    Thumbnail for Man's best friend0:06
    Man's best friend
    voatcatbox
    889 views
    Thumbnail for Teach your kids the importance of how they present themselves.1:12
    Teach your kids the importance of how they present themselves.
    bestofupgoat
    489 views
    Thumbnail for The Tragedy of Trump8:46
    The Tragedy of Trump
    AmericanRenaissance
    1967 views
    Thumbnail for A doctor, an engineer and a scientist...0:31
    A doctor, an engineer and a scientist...
    voatcatbox
    918 views
    Thumbnail for Police: If You're Carrying Condoms, You Might Be a Hooker (Don't cops have better things to do?!)1:46
    Police: If You're Carrying Condoms, You Might Be a Hooker (Don't cops have better things to do?!)
    ReasonVids3
    1386 views
    Thumbnail for Europa - The Last Battle [2/10]1:08:52
    Europa - The Last Battle [2/10]
    godiswhite
    1646 views
    Thumbnail for Environmentalists Would Buy the Land They Want to Protect, If The Government Allowed It4:38
    Environmentalists Would Buy the Land They Want to Protect, If The Government Allowed It
    ReasonVids
    1431 views
    Thumbnail for The 2022 White People Review is about to be released. We've had two big fuckups that will be highlighted...0:37
    The 2022 White People Review is about to be released. We've had two big fuckups that will be highlighted...
    voatcatbox
    217 views
    Thumbnail for Péricles - Já É | Pagode do Pericão Ao Vivo em Brasília (Vídeo Oficial) | Péricles3:28
    Péricles - Já É | Pagode do Pericão Ao Vivo em Brasília (Vídeo Oficial) | Péricles
    Invidious8
    157 views
    Thumbnail for Muppets Christmas Carol - It Feels Like Christmas2:39
    Muppets Christmas Carol - It Feels Like Christmas
    Frosty
    3231 views
    Thumbnail for അത്ഭുതങ്ങൾ നിറഞ്ഞ അദ്കാറു സ്വബാഹ് / NOORE AJMER - 986 | VALIYUDHEEN FAIZY VAZHAKKAD | 21 - 11 - 20232:55:26
    അത്ഭുതങ്ങൾ നിറഞ്ഞ അദ്കാറു സ്വബാഹ് / NOORE AJMER - 986 | VALIYUDHEEN FAIZY VAZHAKKAD | 21 - 11 - 2023
    Invidious8
    166 views
    Thumbnail for Voat users summed up1:16
    Voat users summed up
    voatcatbox
    661 views
    Thumbnail for Trump warns Hamas that "all hell is going to break out" | Ben Shapiro0:56
    Trump warns Hamas that "all hell is going to break out" | Ben Shapiro
    Invidious8
    184 views
    Thumbnail for "Jesus... What Happened To Us?" by Five Times August (Music & Lyric Video) 2021 | FiveTimesAugust3:07
    "Jesus... What Happened To Us?" by Five Times August (Music & Lyric Video) 2021 | FiveTimesAugust
    Invidious6
    383 views
    Thumbnail for Attempt #1 on Scratch Get Over It10:10
    Attempt #1 on Scratch Get Over It
    SegOverride_Gaming
    697 views
    Thumbnail for Fettergrug's goons toss an angry soy out of a restaurant for daring to ask Chief Grug questions 1:08
    Fettergrug's goons toss an angry soy out of a restaurant for daring to ask Chief Grug questions
    bestofupgoat
    875 views
    Thumbnail for What did jews ever do to you?0:49
    What did jews ever do to you?
    voatcatbox
    845 views
    Thumbnail for Gypsy Crusader goes to Jeffrey Epstein's Manhattan Mansion11:26
    Gypsy Crusader goes to Jeffrey Epstein's Manhattan Mansion
    bestofpoal
    1857 views
    Thumbnail for แฉข่าวเช้า 27 กุมภาพันธ์ 2568 | ATIME1:45:36
    แฉข่าวเช้า 27 กุมภาพันธ์ 2568 | ATIME
    Invidious8
    197 views
    Thumbnail for Potato Nigger takes on the SCAMDEMIC 1:29
    Potato Nigger takes on the SCAMDEMIC
    rvnender
    1477 views
    Thumbnail for EyeSore1:34
    EyeSore
    cankerstank
    905 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