The landscape for prop-style DFS operators has become increasingly complex in recent weeks, with regulatory action emerging in three US states.<\/p>\n
The landscape for prop-style daily fantasy sports (DFS) operators has become increasingly complex in recent weeks, with regulatory action emerging in three US states<\/strong>. <\/p>\n State regulators are increasing their oversight of pick\u2019em-style daily fantasy sports contests, creating operational challenges for prop-style DFS providers in the US.<\/p>\n Michigan is the most recent state to make headlines as it looks set to prohibit pick\u2019em-style games by the end of October.<\/p>\n Pick\u2019em-style games place a greater emphasis on predicting player performance data compared to traditional DFS platforms.\u00a0<\/p>\n Similar to prop bets commonly found in sportsbooks, participants must decide if a player\u2019s performance will surpass or fall short of specific statistical thresholds.\u00a0<\/p>\n These games are legally classified as fantasy sports due to their design and prize pool structure.<\/p>\n These DFS opportunities have become a lucrative market for fantasy-based sites like PrizePicks and Underdog Fantasy.<\/p>\n Regulators argue that the legal uncertainty surrounding pick\u2019em-style games has led many people to mistakenly perceive them as unrestricted sports betting.\u00a0<\/p>\n DFS providers in various states, including those without a legal sports betting framework, have been offering paid pick\u2019em contests under the remit of fantasy gaming, making them increasingly popular in all states.<\/p>\n The Florida Gaming Control Commission was first to act last month and\u00a0issued cease-and-desist letters to numerous operators\u00a0of fantasy sports offering these products.\u00a0<\/p>\n Their concern primarily revolves around the notion that these games closely resemble mobile sports betting, creating potential confusion and risk.\u00a0<\/p>\n Last week, the New York State Gaming Commission (NYSGC) passed a ban on pick\u2019em-style fantasy sports games within the state.\u00a0<\/p>\n Concurrently, Michigan is on the brink of enacting a similar ban, with the Michigan Gaming Control Board signalling its implementation by the end of October.\u00a0<\/p>\n The Coalition for Fantasy Sports (CFS),\u00a0representing\u00a0companies such as\u00a0PrizePicks, Sleeper and Underdog \u2014 has come out in opposition to regulators deciding to crack down on prop betting activity.\u00a0<\/p>\n Their main argument is that pick\u2019em contests are essentially a game of skill, and therefore lie outside the traditional definition of \u201cgambling.\u201d\u00a0<\/p>\n It is the DFS providers\u2019 position that players partaking in pick\u2019em contests have control and are using their skills to play against the house.<\/p>\n Analysts foresee a growing trend where further US states will implement stricter regulations or outright bans on pick\u2019em contests.\u00a0<\/p>\n They also predict that DFS contests will continue to be a subject of ongoing debate within the broader US legal sports betting industry.<\/p>\n Meanwhile, the CFS has demonstrated its commitment to cooperating with regulatory authorities.<\/p>\n It said: \u201cWe will continue to collaborate with regulators and policymakers to offer the innovative fantasy sports products that customers desire and enjoy.\u201d<\/p>\n <\/span> The landscape for prop-style DFS operators has become increasingly complex in recent weeks, with regulatory action emerging in three US states. The landscape for prop-style daily fantasy sports (DFS) operators has become increasingly complex in recent weeks, with regulatory action emerging in three US states. State regulators are increasing their oversight of pick\u2019em-style daily fantasy […]<\/p>\n","protected":false},"author":1,"featured_media":461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[109,110,111,112,82,113,114,115],"class_list":["post-460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betting","category-questbeam","tag-coalition-for-fantasy-sports","tag-dfs","tag-florida","tag-michigan","tag-new-york","tag-prizepicks","tag-sleeper","tag-underdog-fantasy"],"_links":{"self":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/posts\/460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=460"}],"version-history":[{"count":0,"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/posts\/460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/media\/461"}],"wp:attachment":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What are pick\u2019em-style games?<\/strong><\/h2>\n
What is causing\u00a0<\/strong>the\u00a0regulatory\u00a0stir?<\/strong><\/h2>\n
What DFS operators say<\/h2>\n
What next?<\/h2>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"