The Unlawful Internet Gambling Enforcement Act was established to protect fantasy sports websites and many other online gambling-related industries. įemi Wasserman, the Vice President of DraftKings, has been the lead voice for both FanDuel and DraftKings in Nevada. This legal distinction was established by the Unlawful Internet Gambling Enforcement Act of 2006. Only 45 states allow FanDuel and DraftKings, and the argument used by both companies is the only reason the two sites are still in business. To the Gaming Control Board of Nevada, the sites’ argument that the games require skill and not chance is automatically ruled out. Still, all employees denied any wrongdoing. During an investigation conducted by the FBI, FanDuel hired former Bush administration attorney Michael Mukasey to investigate the issue. On October 5 th, both DraftKings and FanDuel were exposed with an insider trading-type scandal, where employees for both companies were trading insider information to make more money. Sites like DraftKings and FanDuel are the two biggest fantasy sports websites which offer prize money for winning. Unfortunately, some sites which are based off of winning cash prizes have been banned in the state of Nevada by the Gaming Control Board. Many people compete for trophies, plastic WWE title belts, and most important, money. Whether it is football, basketball, or even hockey, people love fantasy sports. FanDuel and DraftKings both on trial in Nevada on the legality of the gambling.įantasy sports are central to entertainment today.
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