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Michigan to legalise fantasy sports gambling

Niji Narayan

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Michigan to legalise fantasy sports gambling
Photo Source: movoto.com
Reading Time: 1 minute

 

The Michigan state house has voted to legalise fantasy sports gambling in the state. The bills that were passed in the parliament legalise fantasy sports gaming as well as create a statutory framework to regulate the field.

Republican Representative Brandt Iden sponsored the bills, citing the example of Indiana.

“I don’t believe that excludes anybody from the marketplace,” he says. “We want serious actors who can come in and operate these games and make sure they are benefitting players in the state of Michigan. These fees are consistent with other states and I’m happy with where we’re at.”

Steve Brubaker is an attorney representing Small Businesses of Fantasy Sports Trade Association. He says the bills $50,000 registration fee is too steep for smaller fantasy gaming businesses.

“The companies that will pay that price to operate in Michigan are two: Draft Kings and Fan Duel.”

Brubaker says the model of Colarado—specifically its tiered registration fee structure—would be a more suitable model for Michigan.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Daily Fantasy Sports

Scout Gaming wins EGR B2B award for the second year in a row

George Miller

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Scout Gaming wins EGR B2B award for the second year in a row
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In fierce competition, Scout Gaming repeated last year’s victory at EGR by winning “Fantasy Sports Supplier of the year” 2019 edition.

 

“We are pleased that we once again won the prize and believe we are leading the innovation in this part of the sector. During the year we have launched both Fantasy Match-up and a beta version of the worldunique sportsbook based on expected player points, with our in-house player pricing. We are continuing the development and expecting to launch an Inplay Fantasy product in the second half of the year, in which you are a manager in real time, “comments Andreas Ternstrom, CEO Scout Gaming.

Scout Gaming is currently live with their product in North America, South America, Europe and Asia.

 

About Scout Gaming Group:

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The
company offers a flexible and customizable network based Fantasy Sports solution with support for most
sports and leagues through an in-house StatCenter which also provides real-time information to players.
Local sports can be provided on request. The Group is headquartered in Stockholm, Sweden with
development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management
is handled from the office in Malta.

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Daily Fantasy Sports

Kapil Dev Launches Apne11

Niji Narayan

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Kapil Dev Launches Apne11
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Kapil Dev, the former Indian cricket team captain, has launched a new daily fantasy sports platform named Apne11. He is the brand ambassador of the platform.

On Apne11, players can choose their own team from the players on the actual field and be awarded points in accordance with the performance of the selected team combination.

Apne11 also announced a launch offer wherein user will get 100% cash bonus deposits and an opportunity to play against Kapil Dev by participating in the Kapil League. The highest scorer on Kapil Dev’s leader board will win Rs. 25 lakh.

“The gaming industry is undergoing a revolution and with one of the world’s largest youth populations, India is poised to become one of the world’s markets in the gaming sector. We want to make daily fantasy sports game experience simpler and reach tier 2 and tier 3 cities,” Ratul Sethi, the founder of Apne11 said.

“The Indian market is the fastest growing fantasy sports market in the world, the market is projected to touch 5 billion in the next two years,” Roland Landers, the CEO of All India Gaming Federation said.

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Compliance Updates

Alabama Regulates Daily Fantasy Sports

Niji Narayan

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Alabama Regulates Daily Fantasy Sports
Photo Source: cowgernation.com
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The US state of Alabama has regulated and legalised daily fantasy sports (DFS) again. The state has imposed a tax on DFS as well. This is a significant move, as the state banned DFS activity about three years ago, forcing companies like FanDuel and DraftKings to shut down their business in the state.

Alabama Governor Kay Ivey signed the DFS bill, which allows the attorney general’s office to oversee and regulate the industry, as well as to ensure compliance with fiscal obligations.

According to the provisions of the bill, bigger operators – those who make over $10 million nationwide – will have to pay a fee of $85,000 each year for their DFS license. Smaller operators need to pay $1,000. There will be a flat 10.5% tax on the gross revenue for all operators.

The legislation considers that DFS is a game of skill, not a game of chance. It means the DFS does not come under the purview of the state’s gambling laws.

The bill’s primary sponsor, Representative Kyle South, felt confident that this was the year for DFS and he was right. He said of DFS, “One thing you can point to are all these major league baseball teams, these professional sports teams are going to an analytics-based system for choosing their players, and that’s all we’re doing here.”

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