^^^^^^^ This.The DFS community brought Ethan's activities and the other DFS flaws to light.Except for a handful of sore losers who are pissed off that their Brady/Gronk stacks didn't knock down the milly maker and have filed lawsuits the DFS community doesn't want crusading pols and AG's destroying their game.

Preet needs a win.A major part of Preet's resume has been his ''convictions'' of Wall st.figures for insider trading.Many of those convictions have been overturned and his tactics have been highly criticized by the appeals courts.He was slapping the cuffs on and ruining lives of people for doing things that are considered routine on Wall st.I don't think the big $$$$$$$$$ score Preet likes so much is going to come from the big DFS sites like he got from PStars.DK and FD are worth $billions on paper but isn't most of the money on these sites ours? We've been playing legally and in good faith regardless of what the sites are accused of.

+1.

The charade of "the UIGEA says it is legal" always fell way short with respect to what that law actually said, from day one. However, no one wanted to burst the bubble....... until that annoying "DK Face" spot became repetitive and unavoidable.

The good news is you can still play scratch offs and other forms of lotto in Illinois. The bad news is if you win over $600 they will simply write you an IOU

Illinois is approaching $300 million in unpaid lottery payouts, while still accepting bets!


#JokeCountry

wow

How long until some genius in the Illinois government decides the best way to handle those pesky IOU's is to just pay off jackpots of $600 or more in additional lottery tickets for the next drawing?

Obviously Illinois is essentially broke. The biggest reason (other than incompetence of spending far more than you bring in) is that pensions are guaranteed and paid first before everything else via constitution (lol politics) and it's a bigger ponzi scheme than madoff. (not a joke) They're gonna cut the least resistance things first like every other gov't.

anyway, back on topic regarding DFS, definitely don't have a big number $ you'd be pissed if it got tied up for awhile. (or worse, it's not actually there) They're gonna do the same thing they did to poker if they can.

''They're gonna do the same thing they did to poker if they can.''

That means the sites pay the players back in a timely fashion.FTP didn't pay because they paid our money out in ''dividends''.If the govt. didn't sieze players money on sites that were engaged in bank fraud, how are they going to sieze players money who are on sites that haven't been proven to have done anything wrong.

I feel like funds should be alot safer on the DFS sites then poker sites since dfs is onshore. That said who knows if funds could get tied up for awhile if something big happens.

I really dont expect Michigan to keep dfs for long. We have people against it here and casinos etc so should only be a matter of time before its banned. I'm just going strong on the gpps not planning on redepositing if I bust my roll with the bad BRM. Was a very profitable hobby for me the last couple years sucks the government is gonna mess it up now.

why wouldn't they? who can make them pay? or stop accepting bets? they're Debo.

can you ****ing imagine winning the lottery and them telling you they hoped they could start sending you payments in X months as long as revenue was high?

and...not that the pick-3 idiots will stop, but tell me they ain't at least thinking about weighing down/freezing/whatever the # 1,2,3 balls so they don't catch an L if 1-2-3 comes up? (or whatever combo they're most exposed to on that particular draw)

🏽

''Illinois is approaching $300 million in unpaid lottery payouts, while still accepting bets!''

This is amazing,the lottery take out % is astronomical.NYC OTB went bankrupt (pricks wrote me a bad withdrawl check) they had a supervisor for every 2 or 3 employees.Paid take home vehicles for everyone etc.,etc.I'm sure IL lottery is run by the same hacks.Govt. is such a cluster f**k but they happily tell us how to run our lives.

wait so illinois isnt paying out lotto winners yet people are still playing???

NBA commissioner Adam Silver calls for govt. regulation of Daily Fantasy http://es.pn/1PB8HMt

Is Howard Lederer the Illinois Lottery commissioner?

Personally I think the U.S. Attorneys would be better suited to go after the Illinois lottery for fraud rather than draftkings.

$5M up-front license fee for casino
$1M up front for vendor
14% of profits in addition to that

That's good news? I don't think there's any way those numbers make sense.

I agree states should not able to do this but it is how these things work (and those initial demands should be able to be negotiated down as well).

As far as the up-front licensing costs go, even if they made this deal with every state, it would still pale in comparison to what they are spending on advertising (obviously some states would be worth more than others just throwing it out there).

Also, they stupidly have been giving 35% of profits to affiliates since the start, so if they lowered that to a more reasonable number like 5-10% (which affiliates would still be all over -- in poker the affiliates gladly accepted just a few percent after the rakeback they gave back to the player was figured in) they could use that other 25-30% to find a balance between giving something to the states to make sure they can operate as well as more back to the players in the form of rewards (both of which will probably be necessary to sustain the industry), but obviously they were more concerned with reaching massive valuations than ever thinking about the long-term sustainability of the industry.

So regulation = money grab. Glad we finally got that clarified.

this guy played like a shark for one tournament with $195 and his results may surprise you!!

https://medium.com/@huddlehive/how-i...fe9#.mv5iqbq2h

seriously this is why any online betting will fail because people don't understand math and then assume they are being cheated as a result

"I played more lineups than I usually do, and did worse"

"therefore, if I play EVEN MORE lineups, I will likely win"

"We lose money on every sale, but make it up on volume"

as long as you focus on quantity you don't have to focus on quality

great takeaway from the author

i was thinking DFS players should have an anthem when we fight against the gov't - what do you think about this one

i feel just like rachel platten tossing and turning in bed and in the bath tub writing lineups down and tearing them up and tossing them

luckily i have the advantage of being able to play hundreds of ****ty lineups instead of one quality one

"and while I don't put stock in projections"

lol

Not sure if anyone saw this yesterday but thought it might be an interesting read:



Source of commentary: https://twitter.com/joebrennanjr

US Attorney in Florida probably has an easier case under IGBA re: Florida state law, and they are much further along in the process (grand jury started, subpoenas issued).

Preet has just announced an investigation, so we're many months away, if not a year or two, from any charges. Which is to say, there is a lot of time for legislative remedies. Florida seems the much more pressing issue.