The man responsible for penning the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA), Jim Leach, refers to daily fantasy sports as a "cauldron of daily betting".
Retired Congressman Leach spoke to the Associated Press this week and said lawmakers had no idea that daily fantasy sports would "morph into today's cauldron of daily betting” and the UIGEA was written to put a stop to online gambling not promote or encourage it.
"The only unique legal basis provided fantasy sports by UIGEA is its exemption from one law enforcement mechanism where the burden for compliance has been placed on private sector financial firms," Leach said. "But it is sheer chutzpah for a fantasy sports company to cite the law as a legal basis for existing. Quite precisely, UIGEA does not exempt fantasy sports companies from any other obligation to any other law."
"There is no credible way fantasy sports betting can be described as not gambling. Only a sophist can make such a claim."
He went on to say, "All citizens can make their own judgment whether America is better off with or without a dominating gambling ethic. But what is self-evident is that UIGEA exempted fantasy sports from one specific law enforcement mechanism but not from the broad sweep of law itself."
GREGJO
8 years ago
In this case I'm a sophist. I don't think fantasy leagues are part of the gambling industry. In my opinion gambling depends on fortune. So if it was allowed to make only a one-man squad and I had to pay the buy-in, that's gambling. But here I can choose more players and make a bigger squad. My result depend on the whole...
In this case I'm a sophist. I don't think fantasy leagues are part of the gambling industry. In my opinion gambling depends on fortune. So if it was allowed to make only a one-man squad and I had to pay the buy-in, that's gambling. But here I can choose more players and make a bigger squad. My result depend on the whole team's stats and not only on one player. I don't think this is gambling.
Show morePlease enter your comment.
Your comment is added.
sharpe
8 years ago
When they are stakes and money involved - it's a gambling I think, as simple as that. Even if the law in US separates DFS from the sports betting or casino gambling it's pretty much in the same category. There is many debates in the states if DFS can be categorized as a gambling or not but it's legal for now so the players...
When they are stakes and money involved - it's a gambling I think, as simple as that. Even if the law in US separates DFS from the sports betting or casino gambling it's pretty much in the same category. There is many debates in the states if DFS can be categorized as a gambling or not but it's legal for now so the players still can enjoy it.
Show morePlease enter your comment.
Your comment is added.