Why fantasy football is legal

The Unlawful Internet Gambling Enforcement Act of 2006 specifically mentions fantasy sports as something allowed under the law, as long as people are not betting on the outcome of a single game or the performance of a single player.

But fantasy sports is perfectly legal.

For the most part, games of skill are allowed under federal law.

On Monday, DraftKings and FanDuel announced they have banned employees from playing fantasy games after allegations surfaced that a DraftKings employee reportedly made $350,000 on FanDuel’s football game when he had insider information about which players were being chosen by other fantasy team owners.

Sure sounds like sports gambling, which happens to be illegal in every state except for Nevada. Illegal gambling is considered to be a game of chance.

Because fantasy sports “owners” must make decisions to pick multiple players for their teams, they are participating in a game of skill.

Fantasy sports works like this: Fans choose from real players in a draft or an online selection process to assemble a fantasy team. That trade group is pushing for legislation to change the law in those states.

The reason: a series of court decisions and a 63-word provision of federal law that classify fantasy sports as a game of skill.

Fantasy sports has grown into an estimated $1.5 billion industry.

Right now there really is no government authority that oversees fantasy sports, the way gambling regulators oversee sports gambling in Nevada. The scandal involving DraftKings and FanDuel could bring calls for greater government oversight of the industry if not calls for an outright ban on the games. Many of the major media and Internet companies such as Disney’s (DIS) ESPN unit, Yahoo (YHOO, Tech30) and CBS (CBS) have become major players in the business.

That legal status is unlikely to change.

Are you playing fantasy sports? How much are you putting up and what’s your record? Email Ahiza Garcia and your story might be included in a CNNMoney article. The players’ real-game statistics are compiled and compared to see whose fantasy team has done the best.

Fantasy sports is illegal in five states — Arizona, Iowa, Louisiana, Montana and Washington, according to the Fantasy Sports Trade Association.

Related: DraftKings scores deal with NFL stars

CNNMoney (New York) First published October 6, 2015: 10:02 AM ET

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Related: How fantasy sports changed the NFL

Two standalone companies specializing in daily fantasy games — DraftKings and FanDuel –have each raised about $300 million from investors

The Future of Online Gambling Regulation in the U.S. | Jake Newfield

In that case, a state might not launch an online gambling business until 2017 or 2020.

2.Federal Legislation Probably won’t happen

It was only two years ago that a few states launched major online gambling sites. The way that it has been panning out, there will be multiple state the pass an online gambling bill prior to 2020. Not to mention, less that four years have passed since the OLC opinion regarding the Wire Act allowed individual states the chance to consider passing online gambling bills. Since then, however, online gambling in the United States came to an abrupt stop. The idea is that if Pennsylania were to permit online gambling down the road then other states would follow as well. Both New Jersey and Delaware had expedited bills. Federal legislation will most likely not play a big role. The bottom line is that this will take some time. Here a few things to keep in mind when thinking about the future of online gambling.

1.Online Gambling is Inevitable. While three states currently have legalized online gambling industries, there are multiple other stays who are considering following suit.

3.Changing Agenda

Before, online gambling was seen as being another source of revenue. Despite this situation, there are many reasons indicating that online gambling could become legal in the United States. In 2016, however, it is much more likely.

While it might seem very slow, gambling has seen an increase in users in the US. Because of the delay in passing a state budget, it is still possible for a gambling bill to be passed before 2016. Delaware, Nevada, and New Jersey all brought gambling to our browser. Whether you are for online gambling or opposed to it, the notion that Congress would realistically unite and pass a vote is not probable. It’s not soon, but it’s happening. Also, the fact that there is significant investment pouring in shows that there is light at the end of the tunnel for the industry. On the other hand, many people believe that individuals have the right to choose whether or not they want to gamble, and it is not up to the government to decide. If Pennsylvania cannot pass an online gambling bill then the tides may change. It is unlikely that it will be revisited. Adelson’s online gambling ban, called “RAWA,” was effectively disabled. Including California, these four states represent the forefront of the pro-online-gambling movement in the US. Politicians often have strong opinions on online gambling. At that time, there were in fact three states who chose to allow gambling. Because of this, state will have to spend lots of time getting their lawyers in the loop and updated on the ongoing issues, and will take time to craft the proposal bill and explain the pros and cons. Online gambling presents a very controversial issue in the United States. Most state legislatures have only recently considered online gambling to be an issue. Many people are radically opposed to it, claiming that the game can cause the loss of thousand or millions of dollars and ruin lives. This year, Poker Central was created. There have been many advocates for anti-gambling agendas, including Sheldon Adelson. These sources of media are helping to build the hype. If the states pass a bill to legalize gambling, then we can get back online and improve our poker skills. Blackjack and other gambling games have been a large part of our society, yet their presence online is in question. Now this is not the case. Congress has been urging the Federal government to back them up in continuing the ban, and to get the Restoration of America’s Wire Act bill passed. People are learning new ways to utilize online gambling beyond merely direct revenue. Due to a decision made by the Department of Justice’s Office of Legal Counsel in 2011, states now have the autonomy to choose for themselves without interference from Federal law. In fact, Nevada had already been preparing an online gambling bill prior to the opinion. One way or another, there will be changes in 2016. This is the newest development of states that look to pass a bill on online gambling. All 50 states have currently refrained from passing a bill to legalize online gambling, poker, or other casino games. Online gambling can be used in a variety of different ways, as casinos are quickly realizing. In addition, there are various TV shows and specials that are broadcasting poker and gambling. One thing that many people haven’t considered is Pennsylvania. This is a TV channel that will soon be dedicated 24/7 to poker

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