Essay On Fantasy Sports

Decent Essays
The world of fantasy sports clearly caught the attention of regulators and legislators. But with the current legal actions the leaders in daily fantasy sports are facing, staying in the gray area would have probably been the choice they would prefer.
DraftKings, one of the two giants in daily fantasy sports, took a more proactive approach toward the regulatory procedures being imposed in the US. In February, the Boston-based company expanded the market and launched its services in the UK. To ensure that the operations will be legally accepted, DraftKings applied for a gambling license in the region, a move that was questioned since the online fantasy sports service stand by its claim that playing fantasy sports is a game of skill rather than a game of chance.
With the ongoing operations looking optimistic,
…show more content…
Transactions are also quick and transparent. But the probability that these benefits will materialize on this fantasy sports site is rather slim, especially since Bitcoin still has its own legal restrictions and that some US states are going in favor of daily fantasy sports betting.
Operating in legal environments
Unlike the welcome received in New York, daily fantasy sports is now legal in Mississippi. This became possible after Gov. Phil Bryant signed into law last week Senate Bill 2541, which officially legalized daily fantasy sports contests but only for a limited time.
The Mississippi law recognizes daily fantasy sports as a legal service until July 2017, after which the state will assess and reconsider the law. Mississippi became the latest US state to give daily fantasy sports a nod, following Kansas, Indiana, Tennessee, and Virgina.
This means that DraftKings, along with the other daily fantasy sports operators, have the legal power to welcome players to join their contests with their fantasy teams for NBA, MLB, and NHL, among

Related Documents

  • Improved Essays

    "Should Gamers Be Prosecuted for Virtual Stealing" -author Alex Weiss argues against the decision of the Dutch Supreme Court to rule in favor of a 13-year-old victim of virtual theft. Playing virtual reality games requires investing time and occasionally money to achieve a goal. With the loss of a shield and amulet, it was enough for the boy to seek legal action. When taking into account the time the 13-year-old spent to get the items, the court's decision to rule in his favor was not completely unjustified.…

    • 967 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Cigarrette Dose Case Study

    • 1523 Words
    • 7 Pages

    A new rule was also adopted by the NCAA. Players will now have an early opportunity to go on official visits. Players will also have more access to coaches when being recruited. Another new development is the elimination of two-a-days in…

    • 1523 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Playing fantasy sports has increased exponentially in popularity over the past 10 years. This can be traced to the Federal Government's decision to declare participating in fantasy leagues for cash prizes to be perfectly legal. As the NFL season approaches, prospective managers are honing their skills and planning their draft strategies. Given that skill levels may vary from one manager to the next, it would seem some fantasy football draft advice would be in order to try and even the playing field a little. 1.…

    • 652 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Further, he added, “This is a classic case of unintended consequences. By injecting themselves into the AHSAA 's rules making process, the Legislature is risking turning the AHSAA into a state actor and removing the protections it enjoys as a private entity. That will open the floodgates for lawsuits and problems. " This risk of litigation is a major selling point against the “Tim Tebow Bill.” If the state moves forward with the rules set forth within the bill it would be open to many costly lawsuits, which could have adverse effects on sports programs at all high…

    • 1891 Words
    • 8 Pages
    Superior Essays
  • Decent Essays

    Not all fantasy owners are born equal, if you are reading this chances are you are among the portion that are above average. If so great, your determination to refine your skill set will yield dividends. If you identify with the mass who are typically less educated and less inspired to making meaningful progress mentally and professionally first I will commend you in your desire to break the trend. However despite your distinct disadvantage, success can still be achieved. No one is going to sit here and coddle you or feel bad.…

    • 299 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Essay On Fantasy Football

    • 844 Words
    • 4 Pages

    Season long fantasy football is a game played by millions across the United States, and recently a new form of it has become popular too, daily fantasy football. In this format you draft a new team every single week. Because fantasy football is a game of skill, the government does not consider it gambling, therefor making it legal to place wagers on your teams on sites like Fanduel. In reality, luck is involved, but if you look at some advanced statistics you can eliminate a lot of the gamble. I go by…

    • 844 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Me, Jeffrey Szulczewski, the king of fantasy football? Well, sorta. So one week, I was at my dad’s house playing fantasy football on Week 3, and I was going all out. My dad doesn’t usually know how to play fantasy for every sport, so basically run every one of his 1 day leagues on DraftKings. Since I run the leagues, I usually do pretty decent.…

    • 475 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Baseball Persuasive Essay

    • 826 Words
    • 4 Pages

    n today’s game of baseball, overpaying for free agents is inevitable. If you want to sign your guy, you are going to make sure nobody outbids you in the process. Nowadays, it seems like every free agent is getting overpaid. Seven years and $161 million for Chris Davis? Eight years at $184 million for Jason Heyward?…

    • 826 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    When it comes to Sports Law there are several issues at all levels of competition; College, Professional, and even International sports have begun to see an influx of legal issues as the popularity of sports continues to grow. Issues like player health and safety, player labor and union issues, and gambling limitations in sport are generating a lot of conversation. However, the fight between college athletes and the National Collegiate Athletic Association over developing free market and unions for players. The question that is typically heard on a daily basis is, “Should college athletes be paid?”, and the typical answer is ether “yes” or “no, they are getting a free education.”…

    • 1793 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Ole Miss History

    • 1173 Words
    • 5 Pages

    The University of Mississippi, known colloquially as Ole Miss, is the largest university in Mississippi and one of the largest in South. Ole Miss represents an opportunity for many poor Mississippi students. It has also been a university renowned for its famous authors. The author of the novel, Crooked Letter, Crooked Letter, Tom Franklin, teaches writing there and one of the two protagonists in the novel, Silas, received a baseball scholarship to study and he moved to Oxford. Ole Miss University embodies Southern history, literature, opportunity and tradition (sports).…

    • 1173 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    “Should Gamers Be Prosecuted For Virtual Stealing?” by Alex Weiss is an argumentative essay in which he calls out the criminal system for allegedly putting on trial a teenager for committing theft in a virtual game. Even though it was a very straightforward trial, it quickly turned heated when questioning whether or not it was correct to trial him. Also, more important, it makes us ask ourselves, are actions in a game a proof of a person’s ethical values and beliefs? Weiss states that putting someone on trial for virtual theft is not only incorrect but also dangerous. Just because someone committed a lot of crimes in a game, it means he will commit these crimes in the real life.…

    • 828 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    According to Brian Kongsvik, help-line director for the Florida Council on Compulsive Gambling, only 5% of their callers are sports gamblers. Clearly, the vast majority of sports gamblers don’t end up pathologically addicted, but when it happens, it can be one of the most devastating forms of gambling. According to Brian Kongsvik, sports gamblers represent 56% of their callers with gambling debts over $90,000. That’s why it is critically important for sports gambling to be fully legalized. Yes, that may seem counterintuitive at first, but the vast majority of people are hesitant to ask for help when they’re involved with illegal and stigmatized activity.…

    • 789 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    This is typically somewhere between 5 and 10 percent. There is a way to beat this and be profitable in the long run, but you must be disciplined, patient, and you must have an edge. The first step to being a profitable sports bettor is to develop discipline. This is the hardest part about being a sports…

    • 814 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The argument claims that the electronic games rating system, although similar to the movie rating system, is not working because it is self regulated and violation fines are nominal, Hence, the gaming rating system should be overseen by an independent body. Stated in this way the argument fails to mention several key factors, on the basis of which it could be evaluated. The conclusion relies on assumptions, for which there is no clear evidence. Therefore, the argument is rather weak, unconvincing, and has several flaws.…

    • 599 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Betting In Popular Sports

    • 1500 Words
    • 6 Pages

    Get in on the premier league action with fun88 Football has always been one of the most exciting sporting events and draws audience figures in billions, the world cup itself was viewed by the whole world cheering on the players, the sport is unparallel as the largest sporting event on this planet and the fun doesn’t simply stop at looking and enjoying the world cup every four years, the fun can now take a further step to the premier league club football which is played by the U.K and European based clubs, these matches have very high levels of excitement and fan following, an added advantage to the residents is the function of betting. The betting organizations are controlled by the government and heavily regulated, however this feature has…

    • 1500 Words
    • 6 Pages
    Improved Essays