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DFS Industry Discussion Thread DFS Industry Discussion Thread

10-16-2015 , 10:37 PM
So what's the over/under on when DFS is completely banned in the US, or banned in enough states that the companies shut down? 11 months?
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10-16-2015 , 10:52 PM
Quote:
Originally Posted by domer2
So what's the over/under on when DFS is completely banned in the US, or banned in enough states that the companies shut down? 11 months?
I'll take the over.I think the broke ass states will want in on the rake.
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10-16-2015 , 11:41 PM
Is this scenario even legal:

Feds shut down DFS sites. Government created a multi state fantasy lottery game I.E. PowerBall type thing. Only catch is now you need to actually go to the gas station to fill out your team on a slip or do quick picks etc. Would operate exactly like a DFS site only now the gov't is getting that revenue.

Is that even legal?
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10-16-2015 , 11:43 PM
What's really interesting is people that entered thur-sun NFL or cfb slates got refunds. I knew people that had huge locks on cfb gpps and now ****ed..
Is that legal since technically it was legal when the contest started
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10-16-2015 , 11:49 PM
Yahoo banned Florida residents.
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10-16-2015 , 11:54 PM
Sunday million going to be Sunday $1000 next week
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10-16-2015 , 11:57 PM
Quote:
Originally Posted by Self Made
Yahoo banned Florida residents.
Have the other sites done so as well?
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10-16-2015 , 11:57 PM
Lol no
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10-17-2015 , 12:20 AM
http://www.wsj.com/articles/the-deal...off-1445043328

Quote:
People familiar with the MLS and MLB investments in DraftKings said neither paid cash for their stakes. Instead, DraftKings offered to pay the leagues to become an official sponsor. These payments, these people said, involved a combination of cash and stock. Because DraftKings had issued stock to these partners, the company listed them as investors in the funding round, even though the leagues had not spent a dime. The deal terms also allowed DraftKings to increase its valuation to $1.2 billion.
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10-17-2015 , 12:29 AM
Quote:
Originally Posted by Self Made
Have the other sites done so as well?
Starsdraft left Florida 6 days ago, as did a few other small sites
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10-17-2015 , 12:34 AM
oh geeze, this stuff is spiraling pretty fast. Unexpected from my pov

I heard the MLB commish speak on DFS and he supported it on the grounds that it didn't seem to have a potential affect on the integrity of the game. Can't really remember if he spoke on being an investor or whatever.
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10-17-2015 , 08:53 AM
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.
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10-17-2015 , 10:10 AM
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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:

Quote:
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/
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10-17-2015 , 11:11 AM
Th article is pretty Florida centric,but my confidence is waning.When the feds get a hard on for someone or something there's usually no stopping them.Fed grand jury could indict Mother Theresa.
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10-17-2015 , 01:54 PM
"And we don't just play, we are players!" Quoted from a DK commercial I saw this morning. Ha. I think we get that DK...you are players. Yeah, we get it. Promo code "chalk". Nice little gambling term to toss in while fighting for your corporate lives. Geez these guys are pinheads.
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10-17-2015 , 02:31 PM
it shocks me that they spent all this money on media buys but only made like 3 different 30 sec commercials.
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10-17-2015 , 04:18 PM
can someone get rid of these arbitrary laws. how enslaved do politicians want people to be. any single change of breaking out of the shackles in unacceptable? im tryna ship a million here.
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10-17-2015 , 09:45 PM
Watching this industry round table on RG, grim ****.
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10-18-2015 , 07:45 PM
drudge siren

next weeks millionaire maker is down to 6m from 7m and only 1m to first
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10-18-2015 , 08:06 PM
Almost not worth playing now
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10-18-2015 , 08:24 PM
they actually lowered the rake too but i'm guessing that was an accident
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10-18-2015 , 09:32 PM
Quote:
Originally Posted by domer2
Starsdraft left Florida 6 days ago, as did a few other small sites
List of operators out of Florida is now made up of: Yahoo, StarsDraft, Star Fantasy Leagues, Draft Ops, Fantasy Draft, and Draft.

List will probably grow.
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10-18-2015 , 11:37 PM
DK lowered the milly maker by 1 million. Assuming they expect 1-2 states gone this week
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10-18-2015 , 11:45 PM
Already saw the effects this week as it only filled to 90%
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10-19-2015 , 06:51 AM
FD down to 4m with only 500k to first even though theirs filled like an hour before start

RIP
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