FanDuel Backs new US Regulatory Moves
Fantasy sports video gaming firm FanDuel has stated it invites moves by US officials to tighten market regulations.
The comments came after the attorney general of Massachusetts, external proposed brand-new guidelines which would ban people under the age of 21 from playing paid dream sports video games.
The regulations would also need protection of gamers' deposits and "robust" data and security steps.
They also seek to make sure "more genuine marketing" and more openness.
FanDuel stated the approach towards managing dream sports made "an incredible quantity of sense".
Officials in several states have been taking a strict method to the industry, arguing that paid day-to-day video games total up to betting.
'Cease and desist'
Last week, the fast-growing Scottish-American tech company was served with a stop and desist notice by regulators in New York, effectively informing it to stop taking cash in the state.
The leading district attorney argued that fantasy sports companies were running prohibited betting operations.
FanDuel - a leading player in the US dream sports business - suspended entry to paid contests for individuals located in New york city pending the outcome of a court hearing next week.
It also launched a petition urging opposition to "any measure that would prohibit online dream sports".
In the most recent development, the attorney general's office in Massachusetts said an evaluation it had carried out had actually "uncovered a variety of concerns" about the sector's organization practices and "the capability of consumers to have a reasonable shot while playing these games".
Fantasy sports video gaming firm FanDuel has stated it invites moves by US officials to tighten market regulations.
The comments came after the attorney general of Massachusetts, external proposed brand-new guidelines which would ban people under the age of 21 from playing paid dream sports video games.
The regulations would also need protection of gamers' deposits and "robust" data and security steps.
They also seek to make sure "more genuine marketing" and more openness.
FanDuel stated the approach towards managing dream sports made "an incredible quantity of sense".
Officials in several states have been taking a strict method to the industry, arguing that paid day-to-day video games total up to betting.
'Cease and desist'
Last week, the fast-growing Scottish-American tech company was served with a stop and desist notice by regulators in New York, effectively informing it to stop taking cash in the state.
The leading district attorney argued that fantasy sports companies were running prohibited betting operations.
FanDuel - a leading player in the US dream sports business - suspended entry to paid contests for individuals located in New york city pending the outcome of a court hearing next week.
It also launched a petition urging opposition to "any measure that would prohibit online dream sports".
In the most recent development, the attorney general's office in Massachusetts said an evaluation it had carried out had actually "uncovered a variety of concerns" about the sector's organization practices and "the capability of consumers to have a reasonable shot while playing these games".