Thursday, February 18, 2016

Draft Kings Gambling or a Game of skill

For years, the only type of fantasy sports available were year-long leagues. The groups of friends, family or co-workers. come together at the beginning of professional sport's season and draft players they want on their custom roster for the season. With DraftKings and FanDuel, fantasy followers could choose their players on a weekly or daily basis, depending on the sport, without having to commit to each decision for more than a few hours. Back in November, New York state Attorney General Eric Schneiderman pulled the plug. He decided that "DFS" (Daily Fantasy Sites) such as the ones conducted by FanDuel and DraftKings engaged in illegal gambling and he sent cease-and-desist notices to both companies, requiring them to stop taking wagers from New York residents. New York, Schneiderman demanded draftkings and fan duel to pay punitive damages for the harm they have caused. The DFS sites are fighting back though and not giving up that easy. Players saying "that it is not gambling but in fact a game of skill. Instead of a game of luck. "It takes a lot to win in any form of fantasy sports," said Liss, who was outraged to find that he could no longer participate in his usual Sunday afternoon activity. "If you know the sport and know the players, you'll do better. If you don't know anything, you won't do as well. "That's why I think it's wrong to label daily fantasy sports as gambling -- skill is involved."

No comments:

Post a Comment