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Friday, October 16, 2015

Nevada has ordered daily fantasy sports sites to close in the state until they get gaming licenses

Nevada has ordered daily fantasy sports sites to close in the state until they get gaming licenses

Thursday, October 15, 2015 7:28 PM EDT


Nevada regulators on Thursday ruled that playing daily fantasy sports should be considered gambling, not merely a game of chance, and ordered websites like DraftKings and FanDuel to stop operating immediately in that state until the companies and their employees receive state gaming licenses.
The decision by the Nevada Gaming Commission was the latest blow to a booming yet unregulated industry that has faced intense scrutiny in recent days, including federal and state inquiries into the business practices of the two major companies.
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