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OT - New York State bans fantasy football

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knightfan7

Heisman
Jul 30, 2003
93,315
67,129
113
It seems to me NY is often ahead of the curve on gambling. I wouldn't doubt many states will follow suit.
 
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RUich

All-Conference
Aug 2, 2001
13,552
4,003
0
States only care about how much they can make from gambling.
My guess is that they will either license these sites for fees or start it up as a state run thing.
 
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Abro1975

Heisman
Nov 21, 2009
24,499
12,979
0
Ignore the stupid red cup made up news story. News is about to explode on the NFL for contacting members of congress to to block hearings into FanDuel and Draft Kings. NY State just blocked both sites from taking any more bets. Both are funded by every major sports organization (NFL, NBA, MLB). Both were funded by major names in venture capital (Comcast Ventures, NBC Sports Ventures). This is going to get really big and really ugly, and our favorite sports and teams are going to be implicated. I've played FanDuel, and in my opinion, it is as much gambling as poker. Yes, both favor those with skill, but they're still gambling. This is going to get UGLY.
 
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K

KeithK7624

All-Conference
Sep 3, 2006
4,151
3,022
0
Doctor Worm said:
How so? Are you suggesting that Fan Duel and Draft Kings are not gambling sites?
Click to expand...
Victimless crime and there are plenty more things the government should be focusing on... It's gambling, but a gambler will gamble regardless... If anything tax it
 
V

vkj91

Heisman
Feb 7, 2007
188,055
48,935
98
How do they define NY State? Does theComputer IP or internet connection have to be in NY. The credit card bill sent to NY? I'm not tech guy but I don't see how your average HS kid couldn't figure out how to get around this.
 
R

RUsojo

Heisman
Dec 17, 2010
28,423
27,210
113
KeithK7624 said:
Victimless crime and there are plenty more things the government should be focusing on... It's gambling, but a gambler will gamble regardless... If anything tax it
Click to expand...

It's already taxed. Players pay taxes on winnings.
 
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RUsojo

Heisman
Dec 17, 2010
28,423
27,210
113
Abro1975 said:
Ignore the stupid red cup made up news story. News is about to explode on the NFL for contacting members of congress to to block hearings into FanDuel and Draft Kings. NY State just blocked both sites from taking any more bets. Both are funded by every major sports organization (NFL, NBA, MLB). Both were funded by major names in venture capital (Comcast Ventures, NBC Sports Ventures). This is going to get really big and really ugly, and our favorite sports and teams are going to be implicated. I've played FanDuel, and in my opinion, it is as much gambling as poker. Yes, both favor those with skill, but they're still gambling. This is going to get UGLY.
Click to expand...

So is the stock market. So is everything. Why is risk frowned upon in these settings but not others.
 
C

Crazed_RU

All-Conference
Nov 7, 2006
2,639
3,257
98
Whenever you see money pour into a new unregulated industry at the rate and momentum that happened with this you know people are going to sniff around. That combined with the fact that employees were basically insider trading was a death sentence. In order for it to be as popular as it became had to be because it was illegal and basically a sitting duck for unscrupulous people to make unfair amounts of money.

In my mind it was no different than a classic pump and dump penny stock scheme - get tons and tons of small investors buying in with their $10 and $20 bets, and then the professionals run their analytics programs, get inside info, submit 1,000s of slightly modified entries, and put the odds massively in their favor.

I'm not a big govt regulator type but I'm just glad I won't have to listen to 100s of radio commercials anymore.
 
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A

AnitaRimjob

Senior
Oct 16, 2014
10,334
519
81
But NY is advertising if you bring your company there you can get tax incentives. If taxes and regulations were reasonable they wouldn't need to offer that.

Government has reached a tipping point. Public pensions and entitlements are to high. It's not sustainable.
 
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nyctarheel23

Redshirt
Jan 16, 2010
559
47
0
The states (NV-first, NY-now, PA and NJ next week) are just saving these companies from themselves.
Both are BIG-MONEY losers, with little hope for becoming profitable in next 4 years.
Abro --you are one of my favorite posters but someone gave you bad info--the pro leagues get
a lot of sponsor $$ from these bad business model ventures--not the other way around.

NFL possibly could get drawn in because it was its lobbyists that had the paragraphs put in
to say that none of the laws in the UIEGA '06 legislation apply to fantasy sports. But that was
largely intended for season-long fantasy. DFS is a roll of the dice, with WORSE-odds than
craps. Other losers will be radio stocks and local tv companies who will lose the best TV
ad buyesr since cereal companies.
 
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R

RutgersUnion

Senior
Apr 15, 2006
2,843
967
113
vkj91 said:
How do they define NY State? Does theComputer IP or internet connection have to be in NY. The credit card bill sent to NY? I'm not tech guy but I don't see how your average HS kid couldn't figure out how to get around this.
Click to expand...

NJ already does this with internet gambling. I'm not sure how it works but you can gamble online only when you are physically in the state.

https://www.playnj.com/#learnmore
 
A

Abro1975

Heisman
Nov 21, 2009
24,499
12,979
0
NYC Tarheel, thanks for the nice words. More info on the topic:

'Major League Baseball, the N.B.A. and companies like Comcast, NBC and Google are among its investors.

' Jerry Jones of the Dallas Cowboys and Robert K. Kraft of the New England Patriots — have equity stakes in the companies.'

http://www.nytimes.com/2015/11/11/s...sy-sites-to-stop-taking-bets-in-new-york.html

nyctarheel23 said:
The states (NV-first, NY-now, PA and NJ next week) are just saving these companies from themselves.
Both are BIG-MONEY losers, with little hope for becoming profitable in next 4 years.
Abro --you are one of my favorite posters but someone gave you bad info--the pro leagues get
a lot of sponsor $$ from these bad business model ventures--not the other way around.

NFL possibly could get drawn in because it was its lobbyists that had the paragraphs put in
to say that none of the laws in the UIEGA '06 legislation apply to fantasy sports. But that was
largely intended for season-long fantasy. DFS is a roll of the dice, with WORSE-odds than
craps. Other losers will be radio stocks and local tv companies who will lose the best TV
ad buyesr since cereal companies.
Click to expand...
 
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B

Babybull244

Freshman
Nov 4, 2015
151
58
0
Pretty sure Kraft from the Patriots is heavily involved/owns one of those sites DK/FD..

Since you are not wagering on the outcome of a game - just the players in the game...is it gambling?

There is legislation to ban in it NJ - Draft Kings sent me an email about it a few weeks ago.
 
D

Doctor Worm

Heisman
Feb 7, 2002
29,890
21,802
113
FWIW, New York is not the first state to rule that fantasy football is gambling. In October, Nevada made a similar ruling and required that Fan Duel and Draft Kings be subject to licensing and regulation. In response, both firms chose to stop doing business in Nevada. Obviously they will not give up on New York so easily.
 
R

RUich

All-Conference
Aug 2, 2001
13,552
4,003
0
The same governments that claim they are there to protect you is in control of virtually every vice known to man.
Illegal numbers gambling gave way to pick 3,4,5...and scratch offs, lotteries, etc.
Prohibition into state taxes and even stores run by states.
Illegal gambling to state casinos.
Tobacco products heavily taxed.
Bookies to off track betting.

The states will be running fantasy football and every other sport guaranteed.
 
R

RU in IM

All-Conference
Nov 3, 2011
2,673
2,131
113
Doctor Worm said:
How so? Are you suggesting that Fan Duel and Draft Kings are not gambling sites?
Click to expand...

I agree 100%. You BET money that the players you pick will do better than someone else's players. If not, you lose MONEY. How is this not gambling?
 
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Abro1975

Heisman
Nov 21, 2009
24,499
12,979
0
At least in that case the citizens get a cut of the action. And there is a modicum of oversight to give the player and user a more fair chance, I say legalize prostitution as well (already in certain districts in Nevada). And I'm all for states having legalized sports betting including fantasy.

RUich said:
The same governments that claim they are there to protect you is in control of virtually every vice known to man.
Illegal numbers gambling gave way to pick 3,4,5...and scratch offs, lotteries, etc.
Prohibition into state taxes and even stores run by states.
Illegal gambling to state casinos.
Tobacco products heavily taxed.
Bookies to off track betting.

The states will be running fantasy football and every other sport guaranteed.
Click to expand...
 
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RUhasarrived

All-Conference
May 7, 2007
8,035
2,037
0
This could be good news for individual game betting as now the sports leagues are being shown as the hypocrites they are.

I wouldn't care if the government limited sports betting to Nevada casinos as long you could do it nationwide and winners could not be banned or limited.
 
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NorthNJRUFan

All-Conference
Dec 27, 2011
6,308
3,591
0
Someone explain to me how this is gambling and the stock market isn't?

Placing a wager on who you think will perform best.

You have no control over what players do. You have no control over how the company performs.

What am I missing
 
R

RU85inFla

Heisman
Aug 4, 2003
15,536
10,469
73
The guy running the case in NY is the same guy that shut down internet poker I believe. There was a decent article in SI last week about him going after them specifically in NY as the starting point. The point is games of chance are illegal while games of skill are not illegal. The fantasy sites have always argued that fantasy sports are games of skill. The question becomes is it a game of skill when you don't know who is injured, who will play or not play etc. At that point, chance comes into play.

The reason that the online poker sites were made illegal was because of concerns of organized crime involvement as well as fixing of games. I read last night that the average winner enters 330 fantasy teams per week. Interesting.
 
S

sherrane

All-Conference
Aug 17, 2003
10,560
1,309
0
vkj91 said:
How do they define NY State? Does theComputer IP or internet connection have to be in NY. The credit card bill sent to NY? I'm not tech guy but I don't see how your average HS kid couldn't figure out how to get around this.
Click to expand...

RutgersUnion said:
NJ already does this with internet gambling. I'm not sure how it works but you can gamble online only when you are physically in the state.

https://www.playnj.com/#learnmore
Click to expand...

Your IP Address identifies your geographic location (see link). This is how you get regional advertisements on the internet. You can enable / disable IP addresses based on location at the server. A way around it would be to set up proxy / VPN. If NY state is blocked from these sites and you want to play, you can use TOR or any other dark web software to mask your origin IP.
 
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rufeelinit

All-Conference
May 16, 2010
12,647
4,351
0
RUich said:
The same governments that claim they are there to protect you is in control of virtually every vice known to man.
Illegal numbers gambling gave way to pick 3,4,5...and scratch offs, lotteries, etc.
Prohibition into state taxes and even stores run by states.
Illegal gambling to state casinos.
Tobacco products heavily taxed.
Bookies to off track betting.

The states will be running fantasy football and every other sport guaranteed.
Click to expand...

You forgot marijuana.
 
S

S.B. Crumb

All-Conference
Dec 17, 2003
9,304
1,183
0
So glad the government is there to protect me from myself! It's a miracle I even have a penny to my name.
 
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