Regulators tend to be reactive rather than proactive. (I.e. they will only look into a scandal after it already has occurred...allowing all the data from all the games to be publicly available would solve most cheating concerns. In general, the players are more likely to spot potential fraud as long as the data is available. (Does this mean all sites should switch to a model where lineups lock the moment a first game starts possibly...does not necessarily have to be that way.


Also I'm sure the sites would be very willing to get a license if it were available in the majority of the states they operate. The problem has been they do not want to apply for a gambling license since then they cannot make the claim they are not gambling.

Regulation for the most part is a money grab. Though in some states the sites themselves are pushing for the regulation as long as is not too strict because then they can get their legal status more secured.

Yes. Too bad others call you crazy and ask silly questions when you propose getting rid of the crooks.

There's plenty of fraud in the "regulated" sector, too.

Would you consider Illinois not paying lottery winners in a timely manner fraud? After all, if you don't pay your taxes, you can't just write up an IOU and go about your day.

Also, what fraud has occurred in dfs? Are you really worried about "fraud" when dealing with established, trusted brands such as pinnacle sports, poker stars, bookmaker, and others? Those companies have never been regulated by the US government (only banned) and are still far more trustworthy than most if not all other "regulated" entities such as the state lotteries.

Everyone should read this, pass it on to friends, post it to the forums on rg etc.

Another aspect that you sort of alluded to is that buying fanduel or dk right now would be very expensive. But if the companies are forced to fight tooth and nail, state by state, and hire expensive legal help, it could deplete their resources and lower their enterprise value. He could essentially bankrupt one or both even if a ban is temporary for a handful of big states, and almost surely would bankrupt them if dfs was illegal nationally even for a few weeks. At worst he could crush them so much that buying them would be perhaps 50% or more cheaper than it would be right now.

That legal battle would be a lot to overcome, and dfs would likely just move offshore and take most of their customers. The playing field would be wide open and ripe for a new, licensed entity. What a coincidence. With fanduel and dk out of the way, and the concept proven through their hard work and investment and risks already taken by others, this slimeball can swoop in and capture the market. Pathetic.

Are you saying DFS oughy not be legally bound to some global standards of segregating funds, data protection, and the like? There really is nothing to lose with this, if the guidelines were federally protected as an interstate issue.




Don't strawman me. And poker sites have defrauded people. Are you ******ed? Dutch Boyd, FTP, UB. Person to person transfers would have added protection, withdrawals would have more full faith and could therefore be even faster. Fears of "insider trading" types of data abuse would lighten.

This industry could run like simple online retail.

I think the simple answer is: there isn't any licensing for their category of gaming (which is the main debate.)

Massachusetts AG has proposed these regulations, which, I think, are still up for public comment: http://www.mass.gov/ago/consumer-res...formation/dfs/

First of it's kind.

NV is requiring a gaming license, and are requiring DFS to comply with all laws and regulations that apply to licensed sports pools. And that's extent of regulations for DFS at the moment.

Has there been any news or movement at the federal level? Some states want it regulated, some want it banned but we haven't heard much from the feds about this.

Any chance they make a move in the near future?

Highly doubtful in an election year, imo. Plus UIGEA allows states to decide on gaming, this is how it works.

Thanks.





Is this how online poker can go in NV and NJ?

Yes. UIGEA specifically permits states to do this although that right almost certainly would exist without that language.

DFS has unique issues created by PASPA. Nevada and perhaps Montana may be the only two states with the ability to regulate DFS. Montana's PASPA exemption is due to an odd sports pools law from 35 years ago..

Oregon and Delaware only had lottery parlay cards on the books. The sports leagues already proved only state laws on the books when PASPA passed are carved out when Delaware tried to legalize full sports betting.

The others may only be in a position to either allow status quo or ban it. That is a complex discussion. It would also require a p!aintiff with standing to force the issue. The NCAA seems like it may be the party. I suppose that is why regs proposed by some ban college DFS.

Happy New Year from preening douchebag Eric Schneiderman.

http://espn.go.com/chalk/story/_/id/...return-profits

Does this guy realize he's an ELECTED official.If 600k-1.2m NY DFS players don't make this prick pay in '18 we deserve everything we get.

Latest (probably only) poll showed that 66%of New Yorkers agreed with him unfortunately. Doubt he is politically stupid. But hard to not hate him indeed

Can't change the past, but it makes you wonder if any of this would have happened if DK/FD had taken a different approach in their advertising.

They also ****ed themselves hard with the false advertising on the bonuses

?

Making people think you automatically get the sign up bonuses when you have to play a **** load to unlock all of them

Eh, I never felt they were misleading people with that. That's how all online bonuses work - poker, sports books, etc. It's the person's own fault if they made that false assumption, there's fine print to everything.

That's one of the things in the amended lawsuit. And I understand how fine print works but advertising something like that constantly isn't a good look

That could be the thing that sinks the two companies more than anything.

The DFS bonuses are far worse/slower to unlock than anything I've seen in poker or anywhere else. Not arguing that they did anything illegal, just another way they shot themselves in the foot PR-wise.

That's ridiculous if that ends up being the case.

The very first time I made an online deposit I probably expected the bonus to be available right then and there (I honestly don't remember it was over a decade ago). When I realized it wasn't, I learned how it worked, and said "oh, ok". I didn't make a ****ing federal case out of it JFC.

Except on dfs it take like 5-15 thousand to unlock it

Car dealerships often advertise these great lease offers, get this car for just $199/month or whatever. It's only in the fine print that it's discovered they have to put like $3k down to get that offer. Where's the lawsuit?????

So? The actual bonus release rate is irrelevant.

Not when it has a time expiration to it. Unless you're a huge volume player, you're only getting a tiny fraction of it before it expires.