Fantasy Sports Regulation Could Put Smaller Sites in Play

Daniel Etna was quoted in The Deal (subscription only) about the differing, state-by-state regulation of daily fantasy sports (DFS) websites that may affect investors in those sites and future industry consolidation. While the New York attorney general is attempting to shut down the sites as illegal gambling, the Massachusetts attorney general has proposed new regulations, including banning anyone under the age of 21 from playing. "The differing Massachusetts and New York positions illustrate what a quagmire DFS has become," Etna said. "The situation cries out for a federal overlay of uniform nationwide regulation to avoid a piecemeal, state-by-state approach to DFS."