Daily fantasy sports have so far escaped regulatory scrutiny in the U.S. but their fast rise means compliance concerns should be taken seriously, according to lawyers.
Traditional fantasy sports contests were granted a carve-out in the Unlawful Internet Gambling Enforcement Act (UIGEA) passed by Congress in 2006. But some wonder whether their younger, more fast-paced cousin, daily fantasy sports, could face a regulatory clampdown.
“It’s become almost like proposition betting,” said Robert Stocker, a gaming law attorney. “The basic question is: Is this a lottery, is this a skill game, or a gambling game?
“Some of the fantasy sports operators are very, very aggressive in pushing the envelope,” he said.
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