What’s the Difference Between Fantasy Sports and Illegal Gambling?

That is why corporations like mine, BetBomb.com, and Fan Duel and Draft Kings really feel confident in what we’re doing,” Drowlette mentioned, adding that those providers are estimating about $3 billion in revenue this year.. He pointed out that Rep. The carve-out is pretty distinct in the law. Frank Pallone (D-NJ) is now calling for a congressional hearing into the legality of fantasy sports internet websites, despite the truth that the law states that there are differences in between gambling and fantasy sports gaming.

Watch more from “The Intelligence Report” above and share your thoughts on fantasy sports gaming in the comments.

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Drowlette explained that the act of selecting person players makes fantasy m88 sports a game of ability, whereas sports betting is predicated on likelihood.

Shapiro explained that Congress created on the internet gambling illegal with the Unlawful Web Gambling Enforcement Act of 2006, but there is a loophole in the law that particularly permits fantasy sports gaming.

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Fox Company reporter Adam Shapiro and BetBomb.com CEO Todd Drowlette joined Trish Regan on “The Intelligence Report” to go over.

On-line fantasy sports corporations like Fan Duel, Draft Kings and Bet Bomb are significant company, but should they be illegal?

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