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New York Attorney General demands documents from Draftkings and Fanduel
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lakersken80
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Joined: 12 Aug 2009
Posts: 38789

Posted: Wed Oct 07, 2015 5:08 pm Post subject:

32 wrote:

There is an element of skill with poker but online poker is not legal in the United States. There is an element of skill in sports betting but online sports betting is not legal in the United States. Why is online fantasy sports gambling legal in the United States but poker and betting on sports is illegal.

Probably has to do with a combination of taxes, the influence of major casinos from Vegas and also Indian gaming. Online gambling, which are usually offshore outfits don't pay taxes to the US government. Vegas and Indian casinos don't want you gambling online either since it takes away their customer base. As far as fantasy sports goes, that isn't an established industry just yet, so there is little to no regulations.

Aeneas Hunter
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Joined: 12 Jul 2005
Posts: 31763

Posted: Wed Oct 07, 2015 5:19 pm Post subject:

32 wrote:

Because the statute passed to ban online gambling contains a specific exemption for online fantasy sports. The sports leagues are on board with it. MLB has an interest in one of the companies.

It will get regulated now. It was inevitable that someone would find a way to game the system.

jonnybravo
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Joined: 21 Sep 2007
Posts: 30698

Posted: Wed Oct 07, 2015 5:25 pm Post subject:

LAKERSCMXCIX wrote:

jonnybravo wrote:

Dladi Vidac wrote:

LAKERSCMXCIX wrote:

Nothing makes me happier than seeing Government taking down a Big Company.

Nothing? What about a nice & toasty snuggled up homeless chap sleeping soundly on a pile of old blankets on the sidewalk on a cold and clear dark night just prime for your warm white noised drip as if you were pouring a fresh cup of joe in the morning.

HIT THE FOLDGERS MUSIC! The best part of...

Lol. You are gold man.

yaay Daldi has a cheer leader

Ah relax 999. It's all done with love man.

ringfinger
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Joined: 08 Oct 2013
Posts: 29418

Posted: Wed Oct 07, 2015 5:27 pm Post subject:

32 wrote:

Well, I don't know the answer to your question. That's why I asked mine. Which is -- what exactly shall be considered gambling?

As an aside, online poker isn't illegal in all of US. It's illegal in most states though. I want to say it is legal in Nevada and New Jersey and I'm not sure if it is in others.

Not that that makes it any easier to resolve the question =)

IMO, all gambling should be legal anyway -- but how they draw the lines isn't clear to me.

lakersken80
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Joined: 12 Aug 2009
Posts: 38789

Posted: Wed Oct 07, 2015 5:28 pm Post subject:

Dladi Vidac wrote:

LAKERSCMXCIX wrote:

Nothing makes me happier than seeing Government taking down a Big Company.

How could I miss this golden shower of a reply....

32
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Joined: 04 Nov 2009
Posts: 73070

Posted: Wed Oct 07, 2015 5:32 pm Post subject:

Aeneas Hunter wrote:

32 wrote:

Thanks AH.
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Aeneas Hunter
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Posted: Wed Oct 07, 2015 5:37 pm Post subject:

Intrastate online poker is legal in Nevada, Delaware, and New Jersey. The key point is that it is regulated. As some of you may recall, there have been scandals involving the unregulated sites. It is way too easy for the unregulated sites to commit fraud. There have been various proposals in Congress to legalize online poker subject to federal regulation. Eventually, it is going to happen.

Cutheon
Franchise Player

Joined: 10 Jul 2009
Posts: 12182
Location: Bay Area

Posted: Wed Oct 07, 2015 5:57 pm Post subject:

C M B wrote:

LAKERSCMXCIX wrote:

Nothing makes me happier than seeing

*peeing

No offense Dladi, but I thought CMB crushed it way harder, especially because it streams under the radar

Lowest Merion
Retired

Joined: 22 Jun 2010
Posts: 10720

Posted: Wed Oct 07, 2015 5:59 pm Post subject:

Aeneas Hunter wrote:

32 wrote:

Yep. Not only were they on board with the exemption, but they, at least the NFL, actively sought and lobbied to get it. I'm more than fine with regulation if only for the reason I'm tired of them inundating every sports show, broadcast, blog, podcast, sports site, etc. with their lousy commercials.

I'm sure there are better articles out there explaining the carve-out and how the exemption came to be, but this one isn't too bad.

http://deadspin.com/the-daily-fantasy-nightmare-is-here-because-the-nfl-mad-1734882560

Aeneas Hunter
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Joined: 12 Jul 2005
Posts: 31763

Posted: Wed Oct 07, 2015 7:07 pm Post subject:

Yeah, the commercials are really annoying. Weirdly enough, we're getting to the same place that European sports reached a few years back. They have teams with gambling site logos on their jerseys. Just wait for the Los Angeles Rams/Raiders/Whoever to move into Draft Kings Stadium.

venturalakersfan
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Joined: 14 Apr 2001
Posts: 144466
Location: The Gold Coast

Posted: Wed Oct 07, 2015 7:21 pm Post subject:

32 wrote:

Why is online sports gambling still illegal in the United States but online sports fantasy gambling is not? These companies have found a loop hole to make this legal. That's fine but call it what it is, gambling.

You can bet on the ponies online.
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32
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Posts: 73070

Posted: Wed Oct 07, 2015 7:22 pm Post subject:

Quote:

LOS ANGELES & NY (November 21, 2014) – The LA LAKERS today announced their first-ever partnership with FanDuel, the leader in one-day fantasy sports. The fully integrated marketing agreement makes FanDuel an official sponsor of the Lakers, thereby increasing FanDuel’s exposure during all Lakers games, including closed-circuit television broadcasts and an online presence

.

LINK
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ringfinger
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Posted: Wed Oct 07, 2015 7:23 pm Post subject:

Aeneas Hunter wrote:

Yeah, the commercials are really annoying. Weirdly enough, we're getting to the same place that European sports reached a few years back. They have teams with gambling site logos on their jerseys. Just wait for the Los Angeles Rams/Raiders/Whoever to move into Draft Kings Stadium.

I'd rather hear about shiploads of money than the JG Wentworth commercial I just heard. Wow.

32
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Posted: Wed Oct 07, 2015 7:23 pm Post subject:

venturalakersfan wrote:

32 wrote:

You can bet on the ponies online.

Yep.
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Aeneas Hunter
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Posted: Wed Oct 07, 2015 7:27 pm Post subject:

32 wrote:

Quote:

.

LINK

Will FanDuel sponsor threads in the Lounge?

Dladi Vidac
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Joined: 09 Dec 2009
Posts: 4330
Location: Meeting the man who met Andy Griffith.

Posted: Wed Oct 07, 2015 7:35 pm Post subject:

LAKERSCMXCIX wrote:

jonnybravo wrote:

Dladi Vidac wrote:

LAKERSCMXCIX wrote:

Nothing makes me happier than seeing Government taking down a Big Company.

Lol. You are gold man.

yaay Daldi has a cheer leader

That sound of a bedding of old newspaper crackling and fizzing...

(Don't get so worked up darlin, as JB said, it's all done out of love.)
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lakersken80
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Posted: Wed Oct 07, 2015 7:37 pm Post subject:

venturalakersfan wrote:

32 wrote:

You can bet on the ponies online.

Also horse racing is regulated by the state. So they get their cut. Cut out the government out of your revenue stream and you will find it pretty hard to do business.

lakersken80
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Joined: 12 Aug 2009
Posts: 38789

Posted: Wed Oct 07, 2015 7:38 pm Post subject:

Aeneas Hunter wrote:

32 wrote:

Quote:

.

LINK

Will FanDuel sponsor threads in the Lounge?

Funny I see their banner ad on top of this LG site right now.

rwongega
Franchise Player

Joined: 20 Jul 2005
Posts: 20510
Location: UCLA -> NY

Posted: Wed Oct 07, 2015 7:48 pm Post subject:

lakersken80 wrote:

Aeneas Hunter wrote:

32 wrote:

Quote:

.

LINK

Will FanDuel sponsor threads in the Lounge?

Funny I see their banner ad on top of this LG site right now.

DancingBarry's post brought to you today by Draft Kings.
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999
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Posts: 20267

Posted: Wed Oct 07, 2015 8:19 pm Post subject:

Dladi Vidac wrote:

LAKERSCMXCIX wrote:

jonnybravo wrote:

Dladi Vidac wrote:

LAKERSCMXCIX wrote:

Nothing makes me happier than seeing Government taking down a Big Company.

Lol. You are gold man.

yaay Daldi has a cheer leader

That sound of a bedding of old newspaper crackling and fizzing...

(Don't get so worked up darlin, as JB said, it's all done out of love.)

I know You messin. And don't call me darlin.

vanexelent
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Joined: 17 May 2005
Posts: 30081

Posted: Thu Oct 08, 2015 9:33 am Post subject:

I haven't used either site, but isn't the information these guys used to win the tournaments readily available to all the gamblers or can you not see the % of people picking individual players, when you make your team?

22
Franchise Player

Joined: 05 Apr 2013
Posts: 17063

Posted: Thu Oct 08, 2015 9:55 am Post subject:

32 wrote:

Quote:

.

LINK

I noticed their logo on our backdrop during camp in Hawaii

ringfinger
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Joined: 08 Oct 2013
Posts: 29418

Posted: Thu Oct 08, 2015 10:16 am Post subject:

vanexelent wrote:

I haven't used either site, but isn't the information these guys used to win the tournaments readily available to all the gamblers or can you not see the % of people picking individual players, when you make your team?

You can't see the other players' rosters until rosters are locked.

Freddie Buckets
Star Player

Joined: 08 Oct 2007
Posts: 9131

Posted: Thu Oct 08, 2015 11:32 am Post subject:

ringfinger wrote:

vanexelent wrote:

You can't see the other players' rosters until rosters are locked.

I would be worried about employees of DraftKings or Fanduel seeing the % certain guys are used in games and then going to the other site and setting a lineup.

dont_be_a_wuss
Franchise Player

Joined: 29 Mar 2012
Posts: 21499

Posted: Thu Oct 08, 2015 11:59 am Post subject:

vanexelent wrote:

I heard if you make an entry on Thursday, after you set your line up, you can see how many people are holding each player, and then use that information for other entries.

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