Regulators Keeping Close Watch on Sports Betting-Like Fantasy Contests

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Regulators Keeping Close Watch on Sports Betting-Like Fantasy Contests
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The watchdogs of the legal sports betting world are well aware of the debate around fantasy contests that resemble player prop parlays, even if they have not joined some of their peers in cracking down on such offerings.

A handful of gaming regulators made it clear at G2E that the pick 'em issue is on their radar, and some made it evident they will follow state law on the subject to the letter.world are well aware of the debate around fantasy contests that resemble player prop parlays, even if they have not joined some of their peers in cracking down on such offerings.

Pick ‘em operators, however, have pushed back and argued they are operating legally. Moreover, they say the crackdown is driven by daily fantasy and sports betting giants such as “I'm very cognizant of the pick ‘em, prize-pool games now that are very similar to parlay wagers, which are clearly sports wagering in the state of New Jersey,” Rebuck said. either through the Division of Consumer Affairs or the DGE, which they could do if they were licensed sports-wagering operators. For now, though, the former remains just a “hypothetical,” he said, because no one has.

In other states, however, local authorities have made it apparent those types of products are not welcome, including those with

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