Friday, May 13, 2016

US Government Targets Daily Fantasy SportsNO Deposit bonus $43

legal justice law usA senior Democratic Energy and Commerce source has confirmed to Legal Sports Report that the Subcommittee on Commerce, Manufacturing, and Trade is planning a May 11 hearing on daily fantasy sports. That committee is housed throughout the Energy and Commerce Committee, chaired by Fred Upton (R-MI). Frank Pallone (D-NJ) is the ranking Democratic member.

Both Michigan and New Jersey have considered legislative answers to the daily fantasy sports question of their state legislatures. Pallone was vocal at the issue of DFS, using the explosion of interest within the product as a platform to attract attention to New Jersey’s efforts to manage sports betting. There is not any active legislation on the federal level that addresses daily fantasy sports. Neither a witness list or agenda for the hearing have been made available as of this article.

According to the source, the subcommittee will examine the character of DFS as a product and the present legal status of the product. Ongoing legislative developments on the state level, consumer protection issues, and the prospective role of the government can also be topics at the table. But LSR understands that the scope of the hearing may even include a broader discussion of online gambling and sports betting.

Online gambling was a long-discussed topic on the federal level, but numerous legislative initiatives – including some to control and a few to prohibit – have did not gain meaningful traction over the past decade.

More at Legal Sports Report

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