Saturday, October 17, 2015

Pallone Statement on Nevada Decision to Treat Daily Fantasy Sports as Gambling

October 16, 2015

WASHINGTON, DC – Today, Congressman Frank Pallone, Jr. (NJ-06) made the following statement on the Nevada Gaming Commission’s decision that daily fantasy sports is gambling and that its websites must stop operating in the state until companies and their employees acquire state gambling licenses. Pallone is the Ranking Member of the House Energy and Commerce Committee, which has jurisdiction over professional sports and gambling.

“Nevada’s move to require daily fantasy sports operators to acquire gaming licenses is the right one, because just like sports betting at casinos and tracks, daily fantasy sports is gambling. Both forms of gaming should be legal and regulated. However, as they stand now – with illegal sports betting forced into the multi-billion dollar black market and with a totally unregulated daily fantasy sports industry – both are operating in the shadows. The decision by Nevada increases the momentum for the Congressional hearing we need to review the legal status of fantasy sports and sports betting.”

No comments: