The Unlawful Internet Gambling Enforcement Act of 2006 established an exemption under federal law for fantasy sports offerings that meet certain criteria. The exemption brought a period of unbridled growth that serves as a great way to encourage fan interest and participation in national sports leagues. With this growth also came twists to traditional fantasy sports and new legal challenges.
What Are Fantasy Sports
Fantasy sports are a type of contest where participants assemble imaginary or virtual teams of real athletes of a professional sport. These teams compete based on the statistical performance of those participants’ athletes in actual games. Daily Fantasy Sports (“DFS”) adds a twist to traditional fantasy sports—rather than waiting all season to determine which fantasy league wins, a winner is determined at the end of one day.
Why Legal Guidance Is Important
Given the current regulatory scheme of fantasy sports it is important to be mindful of each state’s laws regarding skill games and, in particular, a state’s stance on fantasy sports, including DFS. Recently, Attorneys General across the nation have opined where DFS stands in regard to their state’s gambling prohibitions and states are now introducing and enacting legislation governing such contests. It is extremely important to stay current with Attorney General opinions and legislation to regulate or prohibit DFS to minimize a company’s risk exposure.
What We Can Do for You
Lewis Roca Rothgerber Christie’s Interactive Gaming Law Attorneys are continually monitoring DFS to ensure our clients are current with the legislative landscape of DFS. Our attorneys are therefore able to efficiently and timely assist clients with the design, review and implementation of DFS offerings in order to successfully navigate potential pitfalls while maximizing the offering’s availability. In particular, our 50 State Survey thoroughly examines the regulatory landscape and risks associated with each state so our clients can make educated decisions regarding their business model.
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