News & Analysis as of

Fantasy Sports

FTC, California, And DC Sue To Stop Draftkings-Fanduel Merger On Antitrust Grounds

Although the Federal Trade Commission currently is short-handed with one Democrat and one Republican serving on the Commission (out of a normal lineup of five), today they showed that bi-partisan consensus still can exist in...more

Vermont Legislature Passes Fantasy Sports Bill

by Reed Smith on

In a move to become the latest state to regulate daily fantasy sports (“DFS”), the Vermont Legislature has passed a bill defining fantasy sports games and directing the state attorney general and governor’s office to develop...more

Vermont Becomes Second State to Legalize Daily Fantasy Sports in 2017

On Thursday, June 8th, Vermont Governor Phil Scott signed into a law a bill that legalizes and regulates the operation of paid-entry fantasy sports contests within the state. Vermont is at least the eleventh state to pass a...more

New Jersey Sports Gaming In Flux: State Moves To Regulate Daily Fantasy Sports While Legalized Sports Betting Faces Greater...

by Ifrah PLLC on

In a highly-anticipated brief by the Solicitor General, the United States argued today that the Supreme Court should not take up New Jersey’s challenge to federal laws preventing it from legalizing sports betting. Despite...more

New Jersey to Enact Fantasy Sports Law?

by Klein Moynihan Turco LLP on

The New Jersey State Assembly has moved the State one step closer to enacting a fantasy sports law, passing a bill to impose regulations governing fantasy sports contests and their operators within the State....more

Horseracing-based Fantasy Sports Game Found Illegal

In a follow up to a lawsuit we previously reported on, a California District Court ruled on summary judgment that a horseracing-based fantasy sports game constitutes illegal wagering....more

Vermont Passes Fantasy Sports Legislation

by Klein Moynihan Turco LLP on

Vermont’s State Legislature has passed legislation that would expressly legalize and regulate fantasy sports contests and their operators within the State. If enacted, Vermont would become the third state this year to adopt...more

Insight: Patchwork of Daily Fantasy Sports Regulations Will Increase Costs and Frustrations for Emerging Industry

by Stinson Leonard Street on

Arkansas has become the most recent state to enact legislation aimed at regulating the Daily Fantasy Sports marketplace. Daily Fantasy Sports, or more commonly known as DFS, is a form of online entertainment where users play...more

Fantasy Golf: A Hole in One

by Ifrah PLLC on

The Masters golf tournament had quite an exciting finish this year and it also was a successful tournament for Daily Fantasy Sports (DFS) operators. As reported by Dustin Gouker: “The Masters marked the unofficial start to...more

Arkansas Legalizes Fantasy Sports

by Klein Moynihan Turco LLP on

Arkansas Governor Asa Hutchinson signed into law a bill that legalizes and regulates fantasy sports contests and their operators within the State. The enactment makes Arkansas the eleventh such state to fully sanction the...more

New Jersey Fantasy Sports Regulations Coming Soon?

by Klein Moynihan Turco LLP on

The New Jersey Assembly’s Appropriations Committee has passed a bill aimed at establishing fantasy sports regulations to govern fantasy sports contests and their operators within the State. Passage of the proposal in the...more

Georgia Weekly Legislative Update - March 2017 #3

by Dentons on

In passing its own version of the state’s 2018 spending blueprint, the Senate moved one step closer last week to satisfying the General Assembly’s lone constitutional obligation....more

Mississippi Enacts Fantasy Sports Legislation

by Klein Moynihan Turco LLP on

Mississippi became the first state to enact fantasy sports legislation in 2017 when Governor Phil Bryant signed HB 967 into law last week. The law is set to go into effect on July 1, 2017, though the State will start...more

NC Legislative Update - March 2017 #2

by Nexsen Pruet, PLLC on

This Week - Final arguments were heard Tuesday for litigation brought by Gov. Cooper (D) over the legality of legislation passed late last year creating the Bipartisan State Board of Elections & Ethics Enforcement...more

Texas Lawmaker Introduces Fantasy Sports Bill; Fantasy Sports Lawyers Scrutinize the Details

by Klein Moynihan Turco LLP on

A State Senator in Texas recently introduced a new bill that would legalize fantasy sports contests and implement regulations governing their operation. Fantasy sports lawyers understand that stakes for this bill are high as...more

Mississippi Advances Fantasy Sports Regulations

by Klein Moynihan Turco LLP on

The Mississippi State House of Representatives recently passed a bill that would implement fantasy sports regulations. The bill will now head to the State Senate for debate and a vote on the measure. What are some of...more

Super Bowl 51: What to Do When the Fantasy is Over and Football Fever Becomes a Work Reality?

Super Bowl 51 is just around the corner, and many of your employees probably already have football fever. According to a January 2016 study conducted by the Workforce Institute at Kronos, 77 percent of American workers...more

Place Your Bets: Will the Trump Administration Support New Jersey’s Push to Expand Sports Gambling?

by Goodwin on

New Jersey’s years-long battle to allow sports gambling received a significant boost from the U.S. Supreme Court last week, which issued an order inviting the Solicitor General to file a brief in the case (known to Court...more

Super Bowl Office Betting – Does it Cross the Line?

by Gray Reed & McGraw on

Riding her beloved Packers late-game win against the Dallas Cowboys, Allfer Funn, owner of Con Genial, is polishing her cheese head hat and dusting off her Super Bowl Squares Pool from last year in anticipation of the Big...more

Florida Fantasy Sports Regulations Coming Soon?

by Klein Moynihan Turco LLP on

This week a Florida State Senator introduced proposed revisions to the State’s gaming laws intended to, among other things, regulate fantasy sports within the State of Florida. The bill proposes enacting the Fantasy Contest...more

States Act to Regulate Fantasy Sports

by Reed Smith on

In attempts to lessen the uncertainty that still surrounds the legality of fantasy sports, Maryland and Florida introduced measures to clarify the rules of the road for the likes of DraftKings Inc. and FanDuel Inc. Maryland’s...more

The Only Color in Gambling is Green—Why Staking is a Security

by Burr & Forman on

The Securities Act of 1933’s catchall for defining a security is the “investment contract.” The landmark case, SEC v Howey, explained that “an investment contract for the purposes of the Securities Act means a contract,...more

Maryland Fantasy Sports Regulations Take Effect

by Klein Moynihan Turco LLP on

This week, regulations governing fantasy sports contests in the State of Maryland went into effect. The regulations, implemented pursuant to a 2012 law exempting fantasy sports from the State’s gambling prohibition, vest the...more

Fantasy Sports Bill Introduced in Ohio

by Klein Moynihan Turco LLP on

A fantasy sports bill has been introduced in Ohio pursuant to which the State’s gaming laws would be amended to provide the Ohio Casino Control Commission (the “Commission”) with the authority to regulate fantasy sports...more

Illinois’ New Anti-Fantasy Sports Bill and the Need for Fantasy Sports Lawyers

by Klein Moynihan Turco LLP on

A bill introduced to the Illinois House of Representatives, designed to criminalize fantasy sports, has been assigned to the Executive Committee for further review and analysis. The move advances the bill one step closer to...more

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