The Legal Status of Fantasy Sports in a Changing Business Environment
10 Pages Posted: 25 Aug 2015 Last revised: 12 Jan 2016
Date Written: March 20, 2015
This speech discusses how the United States has moved in such a short period of time from an era where "daily fantasy sports" contests had been seen as similar to illegal sports gambling into an era in which one cannot turn on a television set to ESPN without seeing commercials for one-day fantasy sports leagues. This speech also discuss perceptions of the legality of "daily fantasy sports" under both state and federal law. As explained throughout this speech, the legality of "daily fantasy sports" indeed is not a one-size-fits-all solution. Rather, whether a given fantasy sports contest is legal depends on the individual contest's game rules and states of operation.
Keywords: sports law, gambling law, gaming law, daily fantasy sports, fantasy sports, DFS, gambling, gaming, FanDuel, DraftKings, sports gambling, UIGEA
JEL Classification: L83, K00, K14, K23, K40, L50, L52, L59, L80, L82, L86, L89
Suggested Citation: Suggested Citation