New Jersey seeks new rules for fantasy sports

The Division of Consumer Affairs proposed new rules for DFS operations. Credits: PBS

The state division of Consumer Affairs is seeking to establish new rules for business running DFS operations.

US.- The New Jersey Division of Consumer Affairs has proposed new rules for businesses running fantasy sports (DFS) operations. The proposal includes plans to charge operators fees based on how much people wager.

The official document proposes that all fantasy sports bets have to be based on “actual individuals participating in real competitions or athletic events.” The games would be limited to one username and one account, and operators would not be allowed to provide credit for sports betting, while players would not be allowed to transfer funds to other players.

Companies operating in Atlantic City would have to prove that they keep their equipment in the city. The new rules would allow the Division of Consumer Affairs to inspect the fantasy sports betting facilities and their computer servers, just as the authority does with casino table games and slot machines.

New Jersey would also require annual audits and restrict operators from sharing statistical information with third parties until it is publicly available. The proposal also bans fantasy bets on high school sports.

The Division of Consumer Affairs said that people can submit comments and thoughts about the proposal until January 18, 2019 to the official PO Box and electronically at the division’s website.

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