Draftkings And Fanduel Argumentative Essay

Have you ever participated in a paid fantasy sports league? If so, you have participated in a form of gambling. The definition of gambling is “to play games for a chance of money”, which by playing in a paid fantasy sports league people are doing so. Today I will argue the topic of considering fantasy sports a form of gambling, and that teenagers should not partake in paid leagues if gambling remains illegal for anyone under 21. One out of every five sports fan has participated in a paid fantasy sports league in the last five years. So therefore one in five sports fans has participated in a form of gambling even though some deny it. Paid fantasy sports leagues are a form of gambling therefore they should diminish.

Things like Direct TV's Super Fan package will be beneficial to a fantasy football player who has three different games to watch, all being aired at the same time. Sportsline has a league that plays for money called "Gridiron Guru League." This particular league's players are made up of 14 celebrities from CBS announcers, Jim Nanta, Phil Simms, Boomer Esiason, Bonnie Bernstein, Dan Marino, Gus Johnson, Randy Cross, Brent Jones, Steve Tasker, Steve Cohen, Tommy Tighe, and Clark Judge (WWW.boston.com, 2006). This is now taking the form of celeberty fantasy football, the endless possablilities for the media to partake in this fantasy world. Sports Center is trying to lanch a new talk show specifically dealing with fantasy football updates, player stats, and so forth. Already ESPN Boston radio has a Wednesday night fantasy show with Mike Antonellis and Bob Halloran. "On the newstands, publications about fantasy outnumbered the traditional previews about the upcoming season" (Wendel, 2004, How Fantasy games, 11).

Fantasy football is a game based on strong predictions of undetermined performances of real professional players. Some call it the game of chance and some like to term it as the game of skill, many feel enthusiasts of fantasy football label it as game of skill because, predominantly, games of chances are played for money and are thus, considered as illegal in several countries. But doesn’t majority of people consider that casino gambling and sports betting are skill based games involving strategical thoughts, mathematical calculations and myriad of probability. Moreover, betting and gambling involves great deal of money but it really isn’t necessary that fantasy football has to be played for money. Although gambling and fantasy football rallies side by side, but it would be impolite to ignore the fact that it has a game theory that is exclusively based on genuine facts and statistics.

Gambling, a hobby to some and an addiction to others is the main focus of Christie V. NCAA. The case, brought forth by New Jersey, argues for sports betting to be allowed in order to save the otherwise decaying casino industry New Jersey is famous for.Now what exactly could be prohibiting such an act?

It’s fall, which means that football season is officially back in full swing again. And with that comes fantasy football, a huge highlight for millions of Americans. It is estimated that every year, Americans spend some $15 billion each, roughly $450 per person who plays (that’s roughly 30 million people!) It is a massive, booming industry that seems to only be growing every year. There is a sharp downside to playing fantasy football, however. Gregg Sussman, a fantasy sports analyst working for RotoExperts.com, says that “Money is undeniably a large part of fantasy sports in general. Exchanging money in fantasy sports just makes every play of every game even more intense. For some people, winning is everything; for many, money is much more important than team success.”

Nash Weitzman lost almost $500,000 by betting continuously on fantasy football. On websites like Fanduel and Draftkings, People can join one week leagues to earn money by drafting teams and betting money. If the team that these people draft win, then the person receives money. Should it be legal to bet on this? Forbes.com says that “Playing fantasy football for money is very likely illegal.” In some states, it is illegal to gamble, but not illegal to bet on fantasy football websites. There is also an argument on why betting on fantasy football should stay legal.

Due to the issues that FanDuel raised Draftkings was forced to change the way they marketed. Draftkings resolved the issues before FanDuel took them to court. They no longer claim to have the largest prize pool, simply because the amount of the prize pools changed everyday and it was to difficult for the company to keep up if they were actually the largest any given day. They have changes their slogan from claiming to be the #1 destination as well. Now if you

The threat of new entrants is extremely high and not likely to change any time soon. The tools that are necessary to run a fantasy site have not changed very much in the past few years. Similarly, although, issues are being raised regarding whether antitrust laws are in question due to Disney/ESPN’s recent acquisition, Fantasy Sports regulation has been lax and investment necessary to start online businesses of this nature is relatively low.

Fantasy Sport Leagues are being debated on whether it’s gambling or not, fantasy sports are seen as gambling in these states.(Iowa, Arizona, Washington, Louisiana, and Montana all don’t allow fantasy sport leagues). The state of Iowa doesn’t allow fantasy sport leagues because the state doesn’t want people to risk losing their own money.

Instead, it made it a federal offense, punishable up to five years, for financial institutions to process payments for companies operating in “unlawful Internet gambling.” Sports gambling operations are the only businesses specifically mentioned as “unlawful Internet gambling” within the UIGEA. Otherwise, the rest is left to wide interpretation. Under the UIGEA, games of chance are considered “unlawful gambling,” but no specific games were cited. There certainly is a valid argument to be made for prohibiting games of chance over the Internet, but the authors of this bill ruined their credibility by appeasing state lottery lobbyists. Yes, lotteries received an exemption from the UIGEA even though they are completely subject to chance. Likewise, lobbyists corralled exemptions for fantasy sports, dog racing, and horse

Daily fantasy sports industry giants Draftkings and Fanduel were granted temporary emergency stay in New York and to continue their business operations in the state.

By taking this action, Nevada joined Arizona, Arkansas, Louisiana, Iowa, and Tennessee as the only states where playing fantasy sports online is illegal. It should also be noted that the Department of Justice is looking into the allegations of "insider trading" while many of the fantasy sports sites have issued directives to employees that they are no longer permitted to play fantasy sports online until further notice. At this point in time, it looks as though Congress is also preparing to step forward and setup regulations designed to protect fantasy sports contestants from unscrupulous

A cease-and-desist order was issued by the New York State attorney general recently which ordered the two fantasy sports giants to stop accepting “illegal” gambling bets under New York state law. Eric T. Schneiderman's move against DraftKings and FanDuel has made him enemy number one of the multibillion-dollar industry that has acquired diehard fans and professional sports partnerships.

Most of us have heard of fantasy football. Online fantasy has risen in popularity over the past couple of years, due to advances in technology. With this rise in popularity, it has raised eyebrows at the state and federal government levels. There are many grey areas when it comes to gambling online, that many people still don’t understand. Many questions are being asked, such as legal transactions with credit cards, is online gambling causing a problem with a rise in gambling addiction? Over the course of this report, I will go over the good and the bad of making online gambling legal and regulated.

The eSports gambling market is still expanding and evolving, but already some companies have established their practice. Weeding out the legitimate sites from those that are looking to just make some quick money scamming unsuspected people is an important process. We’re here to look at some of the legitimate gambling sites that have built a reputation of being fair to their user base.