Whelan calls for regulation of daily fantasy sports

In a letter addressed to DGE Director Dave Rebuck and Casino Control Commission Chairman Matt Levinson, Whelan called for daily fantasy sports providers like FanDuel and DraftKings to be vetted and licensed by the DGE in the same way that Internet gaming companies currently are.

The call for regulation comes after a New York Times report last month alleged that employees at FanDuel and DraftKings used insider information to profit on the competing daily fantasy sites.

"I don't believe we should impede one's enjoyment of fantasy sports," Whelan said. "However, we have an obligation to ensure that fantasy sports competition is fair, impartial and transparent to everyone."

Last month, the Nevada Gaming Control Board ordered daily fantasy sites to shut down after it concluded that they were unlicensed forms of gambling.

U.S. Rep. Frank Pallone (D-Long Branch) has also recently called for a congressional review of daily fantasy sports.

Whelan said he'll be asking for feedback from Rebuck, Levinson and the governor's office on the bill.

"The division has done a great job of regulating Internet gaming companies and ensuring there are safeguards in place," Whelan said. "We want to make sure that those same safeguard are in place with daily fantasy sports."

[Original Article]

TROY SINGLETON
ASSEMBLYMAN, 7TH DISTRICT
400 NORTH CHURCH STREET, SUITE 260
MOORESTOWN, NJ 08057
 
Tel: 856-234-2790
Fax: 856-234-2957
Email: AsmSingleton@njleg.org