DFS Summer Legislative Updates
It’s been a busy summer for state legislatures and a hopeful summer for DFS players. So far, 28 states have considered fantasy sports as part of their 2017 legislative agenda. At Vela Wood, we keep track of these developments and […]
Texas Lawmakers Tackle Fantasy Sports Contests With New Bill
Texas is having quite the week for sports. And I’m not just talking about the upcoming Super Bowl in Houston on Sunday. Yesterday, on February 1, Texas Rep. Richard Peña Raymond introduced HB 1457, a regulatory bill that seeks to […]
DFS Legislative Development Summary: Clarification of Legal Status Opens Doors for Daily Contests, but Regulations Set Roadblocks for Smaller Operators
With opinions from attorney generals and legislative developments arriving daily, staying on top of the shifting legal environments of every state can be a chore for any fantasy sports operator. But when you’re trying to get your fantasy sports startup off […]
Massachusetts Attorney General Says Daily Fantasy Sports Legal; State Lotteries Emerge As Potential New Rival
After reviewing the legal status of daily fantasy sports, Massachusetts Attorney General Maura Healey announced last week that no federal or state laws prohibit daily fantasy sports in Massachusetts. Although Healey’s office has not yet released a formal opinion, fantasy […]
Daily Fantasy Sports Site StarsDraft Benched In Wake Of Michigan Developments
Last week, daily fantasy sports site StarsDraft (formerly Victiv) benched its Michigan participants indefinitely, making it the first major online fantasy sports provider to withdraw operations from the state. According to a new report from GamblingCompliance, the Michigan Gaming Control […]
Why Playing Fantasy Sports Is Legal (For The Most Part) Part II
Previously, I wrote Why Playing Fantasy Sports is Legal (For the Most Part), about the legality of gambling in Fantasy Sports Leagues. Given the considerable growth of this industry over the past few years and the number of new entrants and innovators looking […]
Why Playing Fantasy Sports Is Legal (For The Most Part)
You’ve certainly seen or heard about them, and you may even participate in a few yourself. With tens of millions of participants per season, Fantasy Sports Leagues are a billion-dollar industry that are slowly becoming an American obsession. Most recently, […]