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Originally Posted by BillyPhelan
I asked this question before but didn't get an answer.Can the US Atty.in Fl shut DFS down nationwide like Preet Bharara did to poker? Or is this just a FL issue? He's an appointee therefore not in a position to be held accountable by pro DFS voters.
A US Attorney deals with Federal crimes...it would have a national effect. A Federal grand jury has reportedly been convened.
It is reportedly an investigation concerning the Illegal Gambling Business federal law:
https://www.law.cornell.edu/uscode/text/18/1955
And part of the investigation appears centered on the belief that the DFS businesses are in violation of a Florida law prohibiting wagering on contests of skill. It is very broad:
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Unlawful to bet on result of trial or contest of skill, etc.—Whoever stakes, bets or wagers any money or other thing of value upon the result of any trial or contest of skill, speed or power or endurance of human or beast, or whoever receives in any manner whatsoever any money or other thing of value staked, bet or wagered, or offered for the purpose of being staked, bet or wagered, by or for any other person upon any such result, or whoever knowingly becomes the custodian or depositary of any money or other thing of value so staked, bet, or wagered upon any such result, or whoever aids, or assists, or abets in any manner in any of such acts all of which are hereby forbidden, shall be guilty of a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083.
There's two possible solutions here. One is that the law in Florida could be changed - a DFS carve-out could be attached to legislation in the near term future - or two that the Florida Attorney General clarifies that their office does not believe that this law applies to daily fantasy sports. The second "solution" would be nonbinding, but could deter the US Attorney.
More info here:
http://www.legalsportsreport.com/488...-jury-florida/