Wisconsin Day-to-day Fantasy Sports Bill Prepared for Kickoff

Wisconsin Day-to-day Fantasy Sports Bill Prepared for Kickoff

A Wisconsin day-to-day fantasy sports (DFS) will soon make its way back once again to hawaii capital in Madison should a lawmaker stay true to his word.

Just 31 years old, Wisconsin State Rep. Tyler Vorpagel might be better likely than his legislative seniors at understanding the need to regulate fantasy that is daily.

State Rep. Tyler Vorpagel (R-District 27) revealed his plans this week to renew efforts to classify the online contests as skill-based engagements. The assemblyman believes outcomes of DFS games rely more heavily on a player’s ability and knowledge than pure luck.

Speaking with a FOX that is local in Milwaukee, Vorpagel said he doesn’t think DFS constitutes gambling. The politician explained he will soon fully reintroduce legislation to authorize dream recreations in the Badger State.

In the meantime, the online contests continue to be offered in Wisconsin. And though the NFL season is officially over, the two biggest DFS players, DraftKings and FanDuel, are continuing to offer games on baseball, tennis, soccer, and more to Wisconsin natives.

Second Go Around

It had been a year ago last thirty days that vorpagel first introduced a bill to legalize dfs.

Assembly Bill 800 desired to force daily dream operators like DraftKings and FanDuel to join up with their state’s Department of Financial Institutions. The certification process could have feature a price that is one-time of $150,000, and annual ren „Wisconsin Day-to-day Fantasy Sports Bill Prepared for Kickoff“ weiterlesen

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces‘ situation seems to be alarming for its customers who’re unable to withdraw their funds. If the stricken company has co-mingled customers‘ funds with operating costs, then the states which have regulated DFS have a duty to prosecute.

Day-to-day fantasy sports (DFS) operator Fantasy Aces filed for bankruptcy this week after a rescue that is last-ditch by competitor Fantasy Draft fell through.

Alarmingly for players, it appears from the bankruptcy filing that the company is not able to pay significantly more than $1 million of players‘ funds, and it has co-mingled customer money with its operating expenses.

‚The Fantasy Aces team truly regrets to announce that we are not able to sustain our web site and business operations effective January 31st 2017, filing for protection under Chapter 7 bankruptcy law,‘ the organization told its clients on Wednesday.

‚After spending more than a year trying to secure long-term money, including recent negotiations with two notable companies which subsequently failed to shut, our company is left with an unresolvable economic burden. We have actually unfortunately exhausted every possible option that is financial no success,‘ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections additionally the dependence on operators to segregate player funds was a major driving force behind states using steps to regulate the DFS in „Fantasy Aces Files for Bankruptcy, Can’t Pay Players“ weiterlesen

Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Ready to Bet on Georgia

Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Ready to Bet on Georgia

Two identical Atlanta casino bills have actually been introduced to both chambers of the state’s General Assembly, and gambling organizations over the country are readying for the legislative fight by employing high-profile lobbyists.

It is tough to find fertile non-gaming regions in the United States, especially in major metropolises. An Atlanta casino bill seeks to create land-based gambling to Georgia, much to your delight of billionaire Tilman Fertitta.

The most recent name to join the push for casinos in Georgia is former Mississippi Governor Haley Barbour. The Republican whom served two terms leading The Magnolia State has filed lobbyist documents in Atlanta to represent the interests of Las Wynn that is vegas-based Resorts.

Barbour joining the discussion is important due to his friendship that is long with Georgia Governor Nathan contract (R). State lawmakers have actually been pressing to legalize gambling that is commercial Georgia for over a year in order to increase tax revenue.

Deal has opposed legislation that is such yesteryear, but recently hinted he’d be open for a discussion should the casino law mandate that most the profits help education, plus the effect wouldn’t directly hurt the state’s lottery system.

The Peach State sold $4.556 billion worth of lottery tickets in 2016 though Georgia doesn’t currently have land-based tribal or commercial gambling, nor pari-mutu „Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Ready to Bet on Georgia“ weiterlesen