The NGCB ‘s recent decision to classify DFS as gambling has far reaching implications beyond the borders of the Silver State.
Nevada has always been considered the “Gold Standard” in the regulation of gambling and its decision will now be used by numerous other States as a de facto conclusion that DFS is gambling. This creates serious legal implications.
Combine this with the recent various State and Federal investigations into DFS, it appears that the industry is seriously in trouble.
The next 30 days will be crucial for the DFS industry. We can only wait and see what transpires. There are billions of dollars at stake.
Daily Fantasy Sports Sites Ordered to Shut Down in Nevada – WSJ.