Michigan legalises fantasy sports
The state House voted in favour of the legalisation of daily fantasy sports contests in Michigan.
US.- Michigan’s state House has decided to approve a bill that legalises and creates a statutory framework to oversee fantasy sports (DFS). The financial requirements to enter the market have already been criticised by industry specialists.
In order to offer fantasy sports services in Michigan, operators must pay a US$50k registration fee and an annual renewal of US$20k. While many consider that it is too high for small operators to get involved, Republican Representative Brandt Iden, sponsor of the bills, said that the fees are similar to Indiana’s.
“I don’t believe that excludes anybody from the marketplace. We want serious actors who can come in and operate these games and make sure they are benefitting players in the state of Michigan. These fees are consistent with other states and I’m happy with where we’re at.
“We know companies like FanDuel and DraftKings currently operate in this space, and these companies have come to us and said, like other states, Michigan should be regulated. This is not sports betting. This is not gambling. It’s a very important the distinction here. This is a game of skill, not a game of chance, and that’s why we’ve set it up differently,” added Iden.
