Ohio To Consider Regulating Daily Fantasy Sports
However, Top DFS Sites See The Proposal As A Ban
Ohio is set to become the latest state to consider putting some oversight on popular daily fantasy sports contests, but the industry sees the proposed Buckeye State legislation as a ban.
Senate Bill 356 was introduced late last month by Sen. Bill Coley (R-Liberty Township), and it would place regulation on the games, but the legislation in its current form would make it so 100 percent of the prize pool must be paid out to players.
According to Cleveland.com, Coley believes DFS games are currently illegal in the Buckeye State. The industry sees otherwise.
Under his bill, the games would be overseen by the Ohio Casino Control Commission.
FanDuel and DraftKings, the two leading DFS operators, oppose Coley’s stance on the games, as well as his proposed legislation. They have joined forces to fight it.
“Sen. Coley is completely on an island — isolated from Ohioans who love fantasy sports and isolated from his caucus where he has no support for his attempt to ban fantasy sports,” Marc La Vorgna, spokesman for the two companies, said in a statement. “Just this year, eight states have already passed laws affirming millions of fantasy sports fans can continue to play. These policies have been vetted, proven and established and we hope Ohio is the next state on the list.”
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