Virginia state legalises DFS
It only requires Terry McAuliffe’s, Virginia’s Governor, signature to be completely established.
US.- DraftKings and FanDuel –biggest daily fantasy sports providers– can operate freely in Virginia state since last Monday. The signed law is the first officially approved in the USA, whilst states such as New York, Nevada and Massachusetts are debating their positions with this kind of sports betting. Virginia will receive an initial inversion of US$50,000 from every company that runs the activity to obtain the licenses.
Virginia created a framework that defines the legal characteristics of daily fantasy sports as some regulators consider that the chance of winning them depends on luck and not on skills. That is why the state determined that the results must be studied from a group of players and not just one of them and operators must accord the prize in advance.
Hopes increase for DraftKings and FanDuel to end the legal battle in the whole country. In order to fulfill Virginia state’s requirements, the companies have to check that every customer is 18 years or older. Furthermore, employees at those corporations are banned to bet on similar competitions and there is going to be two yearly audits to verify the accomplishments of the legal formalities. Griffin Finan, DraftKings’ spokesman, celebrated: “Today the Virginia General Assembly took an important step toward ensuring that fans in Virginia can continue to enjoy fantasy sports contests with thoughtful and appropriate consumer protections in place.”
