Fantasy Sports
Lawmakers Look To Clarify Playing Fantasy Sports Is Not Gambling
Lawmakers are once again working to assure the 3-million Floridians who play fantasy sports with friends that they’re not breaking the law.
A measure from Tampa Republican Senator Dana Young would clarify that playing fantasy sports does not constitute gambling. The Seminole Tribe of Florida has raised concerns about the legislation violating the tribe’s gambling exclusivity agreement with the state. But Young says she’s not worried.
“There is a federal law the regulates online or internet gambling that specifically excludes fantasy sports because they are skill based games and it states in that law that they are skill based games,” Young says.
Furthermore, Young says if fantasy sports were somehow found to be gambling that wouldn’t have an impact on the state’s revenue.
“It’s matching my ability to look at statistics and the abilities of specific players and put together a strong team,” Young said.
Senator Jeff Brandes says he trusts Young will be able to work out the NEW the legislation. ”These things evolve during session, so I look forward to seeing how it all plays out,” Brandes said.
If the tribe pulls out of the compact, it would cost the state more than $200 million a year. The bill doesn’t allow for betting on high school and college sports.
Fantasy Sports
Scout Gaming launches Spring Championship of online fantasy football with €500,000 guaranteed prizepool
Due to high demand, and the success of the WCOFF (World Championship of Online Fantasy Football) that was held on FanTeam.com in December, Scout Gaming Group just launched the biggest Fantasy Football tournament in Europe ever, with a total prize pool of €500,000, where minimum €150,000 goes to the winner.
As the leading B2B fantasy sports provider, and with the world’s biggest fantasy tournament network, Scout Gaming Group is once again breaking records, launching the first ever Spring Championship of Fantasy Football. The tournament will take place with game week 37 and game week 38 in the Premier League in May and will be available to all partners in the Scout Gaming Network.
The buy-in will be €1,100, but there will be plenty of opportunities for users to qualify through satellites that start with buy in as low as €1. The tournament has a max number of seats available at 1000, making the maximum prize pool €1,000,000.
The Spring Championship is a dual game week event played daily fantasy-style, on 2 separate game weeks for the English Premier League: GW 37 & GW 38. Participants in the tournament will get to pick a brand new daily fantasy team each of the game weeks, with the normal Scout Gaming daily fantasy rules. Points for both game weeks will then be added together, and the final ranking will be decided based on that.
Scout Gaming Group is the world’s biggest B2B fantasy provider, offering a wide variety of game types, sports and leagues, with real money buy-ins in the world’s biggest fantasy network.
Additionally, Scout Gaming Group is a pioneer in offering betting odds on fantasy points/duels/matchups. Using the same scoring system as for fantasy-tournaments, it is possible bet on players from different matches, different leagues, and even from different sports! Scout Gaming Group is also offering a sportsbook with more traditional sportsbetting products, excellent to convert Fantasy-players into sportsbook players, a Matchup-game and other betting-products.
Fantasy Sports Interactive Ltd. (FSI) has signed a contract with Cashpoint Malta Ltd. (Cashpoint), part of Gauselmann Group
London, United Kingdom, Monday, 9 January 2018 – Fantasy Sports Interactive Ltd. (FSI) are delighted to officially announce their partnership with Cashpoint Malta Ltd. (Cashpoint).
Fantasy Sports Interactive Ltd. (FSI) has signed a contract with Cashpoint Malta Ltd.(Cashpoint), part of Gauselmann Group, for the provision of Fantasy Sports and Daily Fantasy Sports services to the brands managed by Cashpoint in Germany and Austria (including ‘Cashpoint’ and ‘XTiP’). The unique product mix to be offered by Cashpoint, will expand on typical Fantasy Sports offerings to bridge the popular skill game with traditional sportsbook, thus creating a game appealing to both categories of players. The product will feature sophisticated cross-selling elements and is able to introduce a new category of players to existing Cashpoint products. The service is scheduled to launch on Q1/18.
About FSI: Fantasy Sports Interactive is a leading software provider for Fantasy Sports solutions. The company focuses in the provision of fully customisable services to gaming operators, with a product portfolio that can adapt to regulatory requirements in any jurisdiction. FSI has great experience in the gaming industry as it was the first to introduce a ‘Fantasy Sportsbook’ in Europe in 2015 through Bet4theBest Ltd., FSI’s own proof of concept. Bet4theBest’s operation, licensed by the UK Gambling Commission and the Malta Gaming Authority, has offered the team great insight and market intelligence that was used to continuously improve the service and recognise ways to better promote it.
Conveying such experience to FSI’s customers adds value to the service and ensures a successful product launch by them.
About Cashpoint: Cashpoint is the sports betting arm of Gauselmann Group. Cashpoint operates primarily in central Europe and is rapidly expanding globally. It operates more than 5,000 betting outlets internationally and its brands include ‘Cashpoint’ and ‘XTiP’.
Gauselmann operates since 1957, offering a full spectrum of gaming services including online and retail sportsbook, gaming machines, casino halls and financial services.
Fantasy Sports Interactive CEO, Mr. Dennis Tsalikis, stated that the FSI team is honoured and happy to enter a partnership with Cashpoint, a leading player in the sports betting industry and subsidiary of an organisation of international acclaim, such as the Gauselmann Group. Mr. Tsalikis and FSI see great future for fantasy sports in Germany and Austria.
FIFS, a non-profit body that was formed to create regulations on DFS, officially launched last week.
The Federation of Indian Fantasy Sports (FIFS) was officially launched on October 24 in India. The non-profit group represents 13 daily fantasy sports (DFS) operators and is supposed to protect users by creating a regulatory frame to operate in the country.
Genesis Burson Marsteller (GBM), a leading public advocacy firm, will be in charge of managing the Federation. Vinay Jha, Principal Advisor and Public Affairs at GBM, said: “A self-regulatory body supported by its members is the strategic way forward to address the issues and opportunities of the Fantasy Sports industry in an efficient manner.”
Moreover, CEO of Dream11 and one of the founding members of FIFS, added that operators are looking forward to working with FIFS in the exponentially growing industry in order to protect all Indian users’ interests through a self-regulatory framework.
Earlier this year, Indian Courts in Punjab and Haryana determined that daily fantasy sports services were allowed to legally operate in the states as the daily fantasy sports sector cannot be considered as a form of gambling because it operates as a game of skill.
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