First Nevada, now NY state bans Draft kings and Fan Duel.

[Rock Strongo]

gambling addicts everywhere shudder.

 

[kramer1]

Horse racing isn't gambling, though.

This is nothing more than a shakedown...... Something NY knows how to do fairly well.

 

[Balljim55]

Horse racing isn't gambling, though.

This is nothing more than a shakedown...... Something NY knows how to do fairly well.

This will definitely create a domino effect and could be some epic court battles. There are some very big investors behind this new industry and they are raking in the cash. Also there is millions and millions in sponsorship money going to the pro sports league. Factor in financial and emotional attachment from the vast fan bases and zowie!
Its' gonna be fun to watch

 

[Rock Strongo]

there IS a supreme court ruling (or something) i believe that states that fantasy football is exempt from gambling laws...but

dude, its gambling

you're betting money on a players projected performance. some skill involved (matchups, research, etc), but mostly just guessing...i.e gambling.

its a money grab for states that want in.

 

[kramer1]

This will definitely create a domino effect and could be some epic court battles. There are some very big investors behind this new industry and they are raking in the cash. Also there is millions and millions in sponsorship money going to the pro sports league. Factor in financial and emotional attachment from the vast fan bases and zowie!
Its' gonna be fun to watch

Yeah, this isn't like online poker. These sites aren't ran and backed by shady, cheating, offshore scumbags. It will be interesting, but will be worked out in the end.

 

[kramer1]

there IS a supreme court ruling (or something) i believe that states that fantasy football is exempt from gambling laws...but

dude, its gambling

you're betting money on a players projected performance. some skill involved (matchups, research, etc), but mostly just guessing...i.e gambling.

its a money grab for states that want in.

Just like horse and dog racing.

 

[Southieinnc]

about time.....

 

[Cincyfan78]

It's gambling.

We'll see how it plays out, but putting money up on an event of any kind in which the outcome is not predetermined, is gambling. That's why it's called gambling.

It still amazes me that horse racing isn't considered as such, unless it's fixed like the NFL, right Kramer1?

 

[kramer1]

It's gambling.

We'll see how it plays out, but putting money up on an event of any kind in which the outcome is not predetermined, is gambling. That's why it's called gambling.

It still amazes me that horse racing isn't considered as such, unless it's fixed like the NFL, right Kramer1?

Horse racing is shady as hell. I've seen that first hand myself. Go watch the trotter's...holy hell.

 

[Cedrique]

Yeah, clearly it is gambling but it is great for the sports leagues because it generates daily interest and it is so complex that it would be much harder for a player to fix a contest compared to betting on the outcome of games.

 

[night]

Yeah, this isn't like online poker. These sites aren't ran and backed by shady, cheating, offshore scumbags. It will be interesting, but will be worked out in the end.

I'm hoping this opens the door to legalizing online poker again. The only reason poker sites are offshore is because it was banned. There used to be a huge market in the US for it ran by companies in the US. In general it's the casinos lobbying to create government barriers of entry into the market. They want to make sure if you gamble you do it at their casino not in the comfort of your own home.

 

[kramer1]

I'm hoping this opens the door to legalizing online poker again. The only reason poker sites are offshore is because it was banned. There used to be a huge market in the US for it ran by companies in the US. In general it's the casinos lobbying to create government barriers of entry into the market. They want to make sure if you gamble you do it at their casino not in the comfort of your own home.

Full Tilt and PStars never were US based. They had offices (and still do) in Costa Rica, Dublin, The Isle of Man, Malta, etc.

I think PStars can be played in Ne Jersey now or will soon be available there

 

[night]

Full Tilt and PStars never were US based. They had offices (and still do) in Costa Rica, Dublin, The Isle of Man, Malta, etc.

I think PStars can be played in Ne Jersey now or will soon be available there

Yea, the big ones weren't but I thought there were a ton of other smaller ones.

 

[kramer1]

Yea, the big ones weren't but I thought there were a ton of other smaller ones.

Don't know about that. Even on Bovada now the money is laundered through international banks.

 

[night]

Don't know about that. Even on Bovada now the money is laundered through international banks.

Yea, that's how they all do it now for US players. Back before online poker was banned Bovada was Bodog and I used to play quite a bit on Bodog.

 

[kramer1]

Yea, that's how they all do it now for US players. Back before online poker was banned Bovada was Bodog and I used to play quite a bit on Bodog.

And on DraftKings I can just use my regular debit card. This is something that I NEVER could do on any poker site. I used to have to send money to Costa Rica through Western Union.

 

[TDs3nOut]

there IS a supreme court ruling (or something) i believe that states that fantasy football is exempt from gambling laws...but

dude, its gambling

you're betting money on a players projected performance. some skill involved (matchups, research, etc), but mostly just guessing...i.e gambling.

its a money grab for states that want in.

Is it really all that different from "investing" in financial markets?

 

[Rock Strongo]

Is it really all that different from "investing" in financial markets?

yes.

thats legal.

premise wise? i agree with you.

 

[Used 2 B Hu]

About time they did something bout those inane commercials

 

[kramer1]

I'm betting I break wind in the next 10-15 minutes.