A federal judge has handed a victory to U.S. racetracks after ruling that the entry fees paid by fantasy site DerbyWars, which offers horseracing handicapping contests, are considered wagers under the Interstate Horseracing Act (IHA) of 1978.
In a partial summary judgment, Judge James Otero of the U.S. District Court for the Central District of California in Los Angeles also ordered DerbyWars to receive the consent of racetracks and state racing commissions prior to accepting any wagers.
“Horseracing has always had its own unique niche in the sports-betting world,” said Kevin Braig, an attorney with Shumaker law firm in Columbus, Ohio.
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