Fantasy sports insights
10/15/2024
Professor Zvi Gilula Confirms that Skill Predominates in Daily Fantasy Sports Outcomes
It is apparent that skill, and not mere guessing, is involved in the games. The underlying skills relate to the ability to understand, process and analyze information about the performance of performers in real-world competitions. Such analysis must include the skill of comparing and ranking players, and the use recent past performance as a possible supportive variable.
03/08/2024
Fact Check: Understanding the difference between daily fantasy sports gaming and sports betting
According to the Fantasy Sports and Gaming Association, fantasy sports betting is a game of skill, not a game of luck. So, it should not be classified as gambling.
Taking a Chance: Market Dominators Game the System
The distinction in the law between games of skill and games of chance, referred to here as “gaming” and “gambling” is well settled. The latter, gambling, is restricted and heavily regulated, and the former, gaming, is more widely accepted. But why?
03/04/2024
The Newcomers That Want To Upend Sports Betting’s Duopoly
Following a vigorous marketing push for customers, much of that wagering activity broke along existing market dynamics, confirming the industry duopoly of FanDuel and DraftKings that currently controls more than 70% of the domestic online sports wagering market.
09/16/2023
The One Essential Legal Principle DFS Critics Are Overlooking
“Reporting on this topic to date has been incomplete and inaccurate, with articles on the legality of daily fantasy sports omitting major legal developments and making assertions that are not supported by the current state of the law.” — The Action Network
08/24/2023
Cathie Wood's Ark Invest Sees Slim Odds ESPN Bet 'Can Break The DraftKings-FanDuel Duopoly' In Sports Betting
While no company has been able to penetrate the DraftKings-FanDuel duopoly, could ESPN Bet be the first?
08/15/2023
What You Need to Know About the History of Daily Fantasy Sports
“Many have offered their own legal commentary on this topic, but those who wear black robes in places like New York and Illinois firmly concluded daily fantasy sports are games of “skill” in the eyes of the law, and therefore, do not constitute forms of gambling in the United States.” — The Action Network
07/27/2023
St. Bonaventure/Siena Research survey reveals 70% of Americans are sports fans, 21% avid
"Seventy percent of Americans say they are sports fans, according to a new national survey of more than 3,200 United States residents" — St. Bonaventure/Siena Research
02/03/2023
More than 50 Million Users in the US Alone
"The demand for fantasy sports contests remains at an all-time high in the US"
01/10/2023
Fantasy sports and beyond: Complementary digital experiences (CDXs) as innovations for enhancing fan experience
"The sports industry has eagerly embraced digital technologies that have the potential to create and nurture compelling fan experiences" — Journal of Business Research
09/2021