Let's take a look at Nevada before they "paused" the DFS industry and said they need a gaming license. Before they did so--do you think there were more regulations on gaming companies like Caesars Palace, or MGM versus Fanduel/Draftkings?
I think I largely agree with the point you're trying to make. You're just phrasing it in a way that leads me to disagree.
I can sign onto this:
1. A lot of states have laws that make operating blackjack or roulette games a lot more difficult (often impossible) than operating fantasy sports contests (including DFS), even though they all belong in the same broad category of "gambling."
2. Some states have ambiguous laws that arguably (but not certainly) should make operating fantasy sports contests (including DFS) just as difficult as operating certain other gambling games, but those laws have either been interpreted not to apply to fantasy sports, or have just not been enforced with respect to fantasy sports. This seems to be changing here and there.
3. For the states that treat roulette and fantasy sports differently -- whether because of what laws are on the books, or because of how such laws are interpreted or enforced -- maybe they shouldn't. Or maybe they should treat roulette and season-long fantasy sports differently, but not roulette and DFS.
4. Most states do not "regulate" gambling so much as ban it. So if you want roulette and fantasy sports (or just DFS) to be treated the same, we're talking about banning fantasy sports (or just DFS). That's pretty stupid, IMO. But I think roulette should be legal as well.
Have you ever seen a DFS commercial that even attempts to disclose how their products might not be safe for people with gambling addictions? Have you ever seen them even attempt to feature "gamblers anonymous" information on their websites should somebody take DFS too far?
No, DFS sites typically deny that DFS is gambling. If you think sites should have gamblers anonymous information on their sites, I don't necessarily disagree (although I have no idea how effective that is). If that's what you mean by "regulation," I'm on board. That's not what I think most people mean, but it's hard to say because they seldom offer specifics.
Let's say somebody plays DFS--and they feel like they've been cheated out of a prize--who would they call?
Their lawyer and maybe the state attorney general, same as if McDonald's cheated them out of something in the Monopoly Sweepstakes.
If somebody felt like they were cheated out of a win in Vegas--they can take their issue up with the Nevada gaming commission.
Yes. I'm not sure how familiar you are with the Nevada Gaming Commission, but from the stories I've heard, it pretty much always sides with casinos. It's generally accused of being in the pocket of the casinos. This is
not completely unexpected, and may be one of the drawbacks to regulation.
Call it what you want--paint it the way you want to paint it--the DFS and fantasy industry has been getting away with regulatory murder compared to other gaming companies. Do you not agree with that?
You are still phrasing things in a way calculated to get me to disagree with you, but I'd agree that there are a number of possible regulations that could be beneficially applied to the DFS industry -- very preferably at the federal level that supersedes any state regulations.
Among them:
1. Possibly have gamblers' anonymous info in ads and on websites, depending on how effective that actually is.
2. Require that player funds be held in segregated accounts that cannot be used for operations (and perhaps cannot be used to satisfy judgments by creditors).
3. Maybe require that the rake be stated explicitly instead of making players do math to figure it out.
4. Require some kind of ID check to verify that players are over 18.
5. Prohibit the false advertising about deposit bonuses (when they clear so slowly).
I'm sure we can all think of other stuff as well.
What I oppose completely are money grabs by state or local governments, or protection of local gambling businesses from out-of-state competition, which is what's going on in Nevada and Pennsylvania.