Nevada gaming board shuts down daily fantasy because it’s gambling
While daily fantasy games (DraftKings, FanDuel and others like them) may have gotten a special exemption for online betting from Congress in 2006, today the Nevada Gaming Control Board decided they do constitute gambling, and shut down their operations (PDF) in the state. Daily fantasy games were already banned totally in some states (Arizona, Iowa, Louisiana, Montana and Washington), but the apparent capital of casino gaming in the US is another matter altogether. This follows a tough couple of weeks for the multi-billion dollar industry which has come under scrutiny because so many employees of competing sites were playing and winning on each other’s sites, with questions over whether they could possibly use insider information to get an edge.
Specifically, the board banned fantasy games because “DFS involves wagering on he collective performance of individuals participating in sporting events.” To reopen operations in the state, they will need to first obtain a license, or the law will need to change.
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Source: Nevada Gaming Control Board
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