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National Council on Problem Gambling

Virginia is 1st state to legalize, regulate fantasy sports

in Apolitical/Top Headlines by

Virginia has become the first state with a law regulating the fast-growing but embattled online fantasy sports industry and specifying that fantasy sports betting is not “illegal gambling.” Democratic Gov. Terry McAuliffe signed a bill Monday that formally legalizes and regulates sites such as FanDuel and DraftKings, requiring them to pay a $50,000 initial registration fee and submit to regular outside audits. The law will take effect July 1. McAuliffe said in a written statement it will “empower Virginia to…

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State legislatures see flurry of daily fantasy sports bills

in Statewide/Top Headlines by

The daily fantasy sports debate has spilled into state capitols nationwide, with nearly 30 legislatures including Arizona’s considering proposals to regulate, ban or affirm the games played by millions of Americans. The flurry of recent legislative activity represents a sea change for the industry, which for years was content to operate largely unregulated. “We’ve been operating in this gray area for a long time, and, up until now, it hasn’t really been a problem,” said Peter Schoenke, chairman of the…

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