NJ Democrat Frank Pallone still wants hearings on fantasy sports
Daily fantasy sports have exploded into a multibillion-dollar industry in recent years. Advertisements for both FanDuel and DraftKings are inescapable during broadcasts of football games and on ESPN. But is the party going to end soon? In September, New Jersey Democratic U.S. Rep. Frank Pallone requested that the Energy and Commerce Commission hold advanced hearings to determine the legal status of daily fantasy sports. The committee has jurisdiction over professional sports gambling. Then allegations of insider trading emerged last month when an employee of DraftKings mistakenly…