Post by pavel on Jan 19, 2016 16:19:17 GMT -6
Paxton: Daily fantasy sports betting like DraftKings is illegal gambling
AUSTIN – Daily fantasy sports betting in Texas is illegal, according to an opinion released by Texas Attorney General Ken Paxton on Tuesday.
Paxton’s opinion argues that fantasy sport operations are wrong for claiming that they’re skill based. In his nonbinding opinion, Paxton said it is “beyond reasonable dispute that daily fantasy leagues involve an element of chance regarding how a selected player will perform on game day.”
He noted in his opinion that Texas’ law defines gambling as a game with ‘partial chance’ – a stricter definition than how some other states define the practice.
“Paid daily ‘fantasy sports’ operators claim they can legally operate as an unregulated house, but none of their arguments square with existing Texas law,” Paxton said in a statement. “Simply put, it is prohibited gambling in Texas if you bet on the performance of a participant in a sporting event and the house takes a cut.”
Read more: trailblazersblog.dallasnews.com/2016/01/paxton-daily-fantasy-sports-betting-is-illegal-gambling.html/
AUSTIN – Daily fantasy sports betting in Texas is illegal, according to an opinion released by Texas Attorney General Ken Paxton on Tuesday.
Paxton’s opinion argues that fantasy sport operations are wrong for claiming that they’re skill based. In his nonbinding opinion, Paxton said it is “beyond reasonable dispute that daily fantasy leagues involve an element of chance regarding how a selected player will perform on game day.”
He noted in his opinion that Texas’ law defines gambling as a game with ‘partial chance’ – a stricter definition than how some other states define the practice.
“Paid daily ‘fantasy sports’ operators claim they can legally operate as an unregulated house, but none of their arguments square with existing Texas law,” Paxton said in a statement. “Simply put, it is prohibited gambling in Texas if you bet on the performance of a participant in a sporting event and the house takes a cut.”
Read more: trailblazersblog.dallasnews.com/2016/01/paxton-daily-fantasy-sports-betting-is-illegal-gambling.html/