DFS begins operations in Maryland
Maryland announces the beginning of legal DFS services this week.
US.- Daily Fantasy Sports (DFS) operations have officially started this week under a regulated framework in Maryland. The State’s Comptroller Peter Franchot announced that the legislation has already been implemented since Monday 2.
Maryland residents are very active on Daily Fantasy Sports platforms and tournaments. “Daily online fantasy sports games have a significant presence in Maryland. It is entirely appropriate that we enforce basic rules to ensure the games are fair, anti-competitive abuses are declared out of bounds, and appropriate taxes are paid,” commented Maryland’s Comptroller on a statement this Tuesday.
Daily Fantasy Sports regulations were proposed in July of 2016, when the State decided to set the conditions to protect the player activity. Maryland’s framework was based on other State’s laws referring to the online gaming sector. However, the current legislation has not regulated the financial status of companies. Neither the tax fee nor license conditions have been mentioned in the regulation.
Authorised platforms must assure players are above 18 years. Official athletes, workers of providing companies and their direct family members are banned from any kind of daily fantasy sports game. Furthermore, experienced players will be identified by operators and the services will not work for contests on college or amateur sports. Deposit limits begin at US$1.000, but players can increase it.
