1 FanDuel Backs new US Regulatory Moves
hjostefanie993 edited this page 2025-10-18 03:56:14 +08:00

bit.ly
Fantasy sports gaming firm FanDuel has stated it invites relocations by US officials to tighten industry policies.

the yohaig code remarks came after the attorney general of the yohaig code United States of Massachusetts, external proposed new rules which would ban individuals under the age of 21 from playing paid fantasy sports video games.

the yohaig code policies would likewise need security of players' deposits and "robust" information and security procedures.

They likewise seek to make sure "more truthful advertising" and more transparency.

FanDuel said the technique towards managing fantasy sports made "a tremendous quantity of sense".

Officials in several states have been taking a strict method to the industry, arguing that paid daily games quantity to gambling.

'Cease and desist'

Recently, the fast-growing Scottish-American tech company was served with a stop and desist notification by regulators in New york city, effectively telling it to stop taking money in the state.
bit.ly
The top prosecutor argued that fantasy sports firms were running illegal gambling .
bet9ja.com
FanDuel - a leading gamer in the US fantasy sports business - suspended entry to paid contests for people situated in New York pending the result of a court hearing next week.

It also introduced a petition urging opposition to "any step that would ban online dream sports".
bit.ly
In the most recent development, the lawyer general's workplace in Massachusetts stated a review it had actually conducted had actually "discovered a variety of concerns" about the sector's service practices and "the ability of consumers to have a fair shot while playing these video games".
bet9ja.com
Attorney General Of The United States Maura Healey said: "These guidelines are a first of their kind for the daily dream sports market, and they focus on securing minors, guaranteeing genuine marketing, bringing more openness to the market, and levelling the playing field for all customers."
bet9ja.com
"This is an initial step, however a crucial action, as we continue to assess this promotion code new industry and make certain our laws keep up with these developing technologies."

'Tremendous sense'

Responding to the announcement, FanDuel said: "Chief law officer Healey's approach towards regulating dream sports makes a tremendous quantity of sense - it provides strong securities for consumers and enables sports fans to continue doing something they like.
bit.ly
"FanDuel thinks that policies which increase transparency and ensure contests are fair will benefit the whole fantasy market.
bet9ja.com
"We value that there will be a public notice and comment duration to gather input from all relevant parties and FanDuel will submit our remarks to the guidelines in the yohaig code next 60 days.

"We also welcome the chance to work with attorney general of the United States in all states, along with other legislators, to execute reasonable guidelines that benefit both consumers and sports tech innovators."
bit.ly
FanDuel was established in Edinburgh in 2009 by entrepreneurs Nigel and Lesley Eccles, but just runs in America and Canada.

The pair still live in the Scottish capital, although the site's head offices are in New york city.
bit.ly