Congress to discuss DFS and sports betting - report

Congress to discuss DFS and sports betting - report

Friday, April 15, 2016 Totally Gaming
Frank Pallone wanted lawmakers to assess the DFS sector

Daily fantasy sports (DFS) and sports betting will be among the topics discussed in a US Congressional hearing to take place next month.

The Subcommittee on Commerce, Manufacturing, and Trade plans to hold the hearing on May 11, according to US network ESPN. It is believed the committee will consider the legal status of DFS, online gaming and sports betting and to what extent proactive consumer protections are needed.

The hearing was requested in September by New Jersey’s Rep Frank Pallone, a prominent supporter of legalised betting, after a barrage of daily fantasy advertising hit the airwaves. Pallone’s home state currently boasts the largest regulated online gambling market in the US and has led the charge to lift the federal sports betting prohibition.

ESPN reported that discussions are ongoing to determine who will be asked to appear at the hearing.

TotallyGaming.com says: "It will be interesting to see if a rationale debate about the merits of regulated betting can sway lawmakers across the US to look again about ending prohibition of the sector."

 

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