DraftKings And FanDuel Skip Out On Congressional Hearing Into Daily Fantasy Sports
Daniel Etna was quoted in The Huffington Post in advance of the first congressional hearing into the daily fantasy sports (DFS) industry. Etna explained that regulation of DFS would continue at the state level until Congress gains a better understanding of “the size of the industry and how the business model works.” “I think [the industry is] crying out for federal regulation,” he said. “But I’m not willing to bet heavily that they’re going to take up this issue and pass federal regulation.”