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All Bets are Off When It Comes to the Future of Daily Fantasy Sports

Illinois is among the states embroiled in the widening dispute over the legality of daily fantasy sports. It’s also one of the states where competing interests are vying to control the future of online daily fantasy industry. There are several state attorneys general that say the game is illegal gambling, even as legislation is introduced in their states to protect the game. Consumers are filing lawsuits and putative class actions against the sports operators alleging fraud and insider trading and seeking to recoup money lost by wagering.

This article discusses the many legal disputes and regulatory initiatives surrounding fantasy sports, which have both supporters and detractors monitoring how courts and legislators will address the competing interests, and if the federal government will decide to take any action.