Find Out Why Fantasy Betting is Legally Fun
Fantasy betting is a fun sport that a lot of people take as a hobby. Although this may entail gambling and we all know that the law can be quite strict with gambling, why is it that fantasy betting is legal and is legally enjoyed by many? That is also a question that has boggled a lot of people but for some, as long as it’s legal then it is fair game for all of us. Other gambling activities are prohibited in most states but fantasy betting has go signals for most Americans so there is nothing to worry about if you want to try this out. When the US Government signed the UIEGA into law back in 2006, they “carved out” three sub-industries including: lotteries, horse racing and yes, fantasy sports. It is because fantasy sports was deemed to be contests of skill rather than those of chance and luck and that paved the way for people to be able to legally pay entry fees and collect winnings on their fantasy sports play, allowing fantasy betting to be legal and fans of the sport to be very happy. Since the Government has been very strict with online gambling such as casinos and are even taking all websites with it, some say that these people would transfer to fantasy sports or fantasy betting and it will definitely be huge! The law set forth certain parameters that define what constitutes a contest of fantasy sport. The parameters include that a fantasy contest must involve at least two “real world” events that the prize must be pre-determined prior to entry and cannot be based on the number of participants. The UIGEA never indicated in detail the length of a fantasy contest. Although fantasy sports were born and raised as season-long journeys, partial season leagues have formed in recent years. All the daily and weekly fantasy sports sites have done is to reduce the length of a season to a single day or a weekend even. There will also be times where you can find contests that only involve a portion of the day’s games. But don’t underestimate these short games as they also gather quite a following since there are a lot of people who don’t have time for season long commitment and just want to have fun or win money quickly in a short time. It is definitely worth a try if you haven’t already!