Fantasy Betting â€“ Why Is It Legal
It looks, feels, plays and pays like sports betting, why is it legal then? When the US Government signed UIEGA into law in September, 2006 they "carved out" three sub industries: lotteries; horse racing and fantasy sports. They deemed fantasy sports to be contests of skill rather than those of chance or 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 allowing fans to be very happy. And now that the government are being strict in betting and casinos and taking down all websites with it, it is expected that followers of online betting and casino will definitely go to fantasy sports. And it will definitely boom. The law set forth certain parameters that define what constitutes a fantasy sports contest. These 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. (A contest can be set up in such a way that both the number of participants required and the prize awarded are predetermined. i.e "This will be a 10 person contest with an $11 entry fee and a prize of $100." If that contest does not reach the required 10 people, then it can be canceled before it even begins). UIGEA never detailed 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 that the daily and weekly fantasy sports sites have done is reduce the length of a season to a single day or a football / NASCAR weekend. In some cases you will even find contests that only involve a portion of the day's games. Think "only day games" in baseball or "just the 1:00" games in football. These kinds of games gather lots of followers too, as some people donâ€™t want or donâ€™t have time for season long commitment and just want to have fun or win money in short time. So proceed with confidence that you are on the right side of the law as a player. Deposit, play, win, cash out all with the comfort of knowing that you are dealing with real people based here in the US. There are handfuls or two of sites that run daily or weekly fantasy contests. If you are just starting in the world of fantasy betting, then you should choose these kinds of league. There is no season-long commitment in Daily Fantasy Sports Games. Select your game, then pick your team using players that are playing today. When the day is over, so is the game - the winners are paid tonight. You can definitely go to FantasyFactor for this. FantasyFactor.com is based in the U.S. and the contests are 100% legal. This is a skill-based daily fantasy sports game, not gambling.
Published on Sep 9, 2011