What’s the Difference Between Fantasy Sports and Illegal Gambling?
April 11, 2016
“They’re completely different. That’s why companies like mine, BetBomb.com, and Fan Duel and Draft Kings feel confident in what we’re doing,” Drowlette said, adding that those companies are estimating approximately $3 billion in revenue this year.
Fox Business reporter Adam Shapiro and BetBomb.com CEO Todd Drowlette joined Trish Regan on “The Intelligence Report” to discuss.
Shapiro explained that Congress made online gambling illegal with the Unlawful Internet Gambling Enforcement Act of 2006, but there’s a loophole in the law that specifically permits fantasy sports gaming.
Online fantasy sports companies like Fan Duel, Draft Kings and Bet Bomb are big business, but should they be illegal?
Watch more from “The Intelligence Report” above and share your thoughts on fantasy sports gaming in the comments.
He pointed out that Rep. Football Coach Under Investigation for Praying After Games
. The carve-out is very specific in the law. Frank Pallone (D-NJ) is now calling for a congressional hearing into the legality of fantasy sports websites, despite the fact that the law states that there are differences between gambling and fantasy sports gaming.
Anonymous Customers Made a Sheriff’s Day When They Paid His Diner Tab
Drowlette explained that the act of picking individual players makes fantasy sports a game of skill, whereas sports betting is predicated on chance.
VIDEO: Drunk & Dizzy Bills Fan Slams Head-On into Parked Bus
Latest posts by Amelia Woodward (see all)
- My Top 5 Sports Betting Sites - March 26, 2017
- Stossel: My political advice for 2016? Place your bets - January 27, 2017
- GBGC – Asia Has 10 of the Worldâs Largest Casinos - January 26, 2017