Daily fantasy outlawed in Nevada for being unlicensed gambling
Nevada, the state most known for gambling, ruled Thursday that daily fantasy sports is a form of gambling and will require a license to operate in the state.
A.G. Burnett, chairman of the Nevada Gaming Control Board, said all unlicensed daily fantasy activities must cease and desist as of Thursday. Operators could be invited to apply for a gaming license. Those who do not comply could face felony fines and 10 years in prison.
"We are saying that daily fantasy sports are a gambling game under the statutory definition," Burnett told ESPN on Thursday night. "We're also saying that these are sports pools, which is when someone is in the business of accepting wagers on sporting events through any system or method of wagering. We have found that it is a wager, and obviously, it's on a sporting event, and DFS companies are in the business of accepting those wagers."
FanDuel, one of the two most prominent daily fantasy operators, said in a statement released Thursday night that it is "terribly disappointed that the Nevada Gaming Control Board has decided that only incumbent Nevada casinos may offer fantasy sports."
<more>
http://espn.go.com/chalk/story/_/id/13897401/daily-fantasy-outlawed-nevada-gaming-control-board-being-unlicensed-gambling
= new reply since forum marked as read