Wisconsin Frequent Fantasy Sports Bill Ready for Kickoff

Wisconsin Frequent Fantasy Sports Bill Ready for Kickoff

A Wisconsin fantasy that is daily (DFS) will soon make its way back in to the state capital in Madison should a lawmaker stay true to his word.

At just 31 years old, Wisconsin State Rep. Tyler Vorpagel could be better likely than their legislative seniors at understanding the necessity to regulate fantasy that is daily.

State Rep. Tyler Vorpagel (R-District 27) revealed his plans this week to renew efforts to classify the contests that are online skill-based engagements. The assemblyman thinks outcomes of DFS games depend more heavily on a player’s ability and knowledge than pure fortune.

Speaking with a FOX that is local in Milwaukee, Vorpagel said he doesn’t think DFS constitutes gambling. The politician explained he will soon fully reintroduce legislation to authorize fantasy activities in the Badger State.

The online contests continue to be offered in Wisconsin in the meantime. And though the NFL season is officially over, the two biggest DFS players, DraftKings and FanDuel, are continuing to offer games on baseball, tennis, soccer, and more to Wisconsin natives.

Second Go Around

It ended up being a year ago last month that vorpagel first introduced a bill to legalize dfs.

Assembly Bill 800 sought to force fantasy that is daily like DraftKings and FanDuel to join up with hawaii’s Department of banking Institutions. The official certification procedure might have feature a price that is one-time of $150,000, and ann Continue reading “Wisconsin Frequent Fantasy Sports Bill Ready for Kickoff”

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces’ situation generally seems to be alarming for its customers who are unable to withdraw their funds. Then the states that have regulated DFS have a duty to prosecute if the stricken company has co-mingled customers’ funds with operating costs.

Daily fantasy sports (DFS) operator Fantasy Aces filed for bankruptcy this week after having a last-ditch rescue attempt by competitor Fantasy Draft fell through.

Alarmingly for players, it appears from the bankruptcy filing that the company is unable free pokies games for fun to spend significantly more than $1 million of players’ funds, and it has co-mingled customer money with its operating expenses.

‘The Fantasy Aces team truly regrets to announce that individuals are not able to sustain our site and business operations January that is effective 31st, filing for protection under Chapter 7 bankruptcy law,’ the business told its clients on Wednesday.

‘After spending more than a year attempting to secure long-lasting capital, including recent negotiations with two notable businesses which subsequently neglected to shut, we’re left by having an unresolvable burden that is financial. We have actually unfortunately exhausted every possible option that is financial no success,’ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections therefore the importance of operators to segregate player funds was a major driving force behind states tak Continue reading “Fantasy Aces Files for Bankruptcy, Can’t Pay Players”

Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn is ready to put a ‘for sale’ sign up at the Trump Taj Mahal, but before the Atlantic City home goes to the MLS listings, the billionaire investor is first using some time for you to lambaste State Senate President Stephen Sweeney (D).

The Trump Taj Mahal will no longer be part of the Trump Entertainment Resorts brand, assuming billionaire Carl Icahn will get someone to purchase the Atlantic City resort.

Writing on their individual site, Icahn claims regarding the Democrat, ‘A smart man once told me that the mixture of power and irresponsibility in just about any person is exceptionally dangerous. Sweeney could be the proof that is quintessential of statement’s truth.’

Icahn shuttered the Taj Mahal last October after his company couldn’t be prepared for Unite Here regional 54, the casino union that represented the resort’s bartenders, wait staff, cooks, housekeepers, and other service employees.

During Icahn’s negotiations with the workers that are local, Sweeney introduced legislation that sought to block casino owners from reopening venues they ‘substantially closed’ for the minimum of five years. The bill was unquestionably fond of the billionaire, who numerous believed had been scheming to resurrect the Taj in 2017 clear of union agreements.

After the town’s fifth casino in three years went dark, the latest Jersey Legislature passed Sweeney’s bill. Soon after, Icahn willingly forfe Continue reading “Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill”