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September 23, 2021

Aims to discuss the nature and current legal status of the product

United States to examine DFS issues in May committee hearing

United States to examine DFS issues in May committee hearing
The United States Subcommittee on Commerce, Manufacturing, and Trade is planning a May 11 hearing on daily fantasy sports.
United States | 04/18/2016

The United States Subcommittee on Commerce, Manufacturing, and Trade is planning a May 11 hearing on daily fantasy sports.

T

hat committee is housed within the Energy and Commerce Committee, chaired by Fred Upton (R-MI). Frank Pallone (D-NJ) is the ranking Democratic member.

Both Michigan and New Jersey have considered legislative answers to the daily fantasy sports question in their state legislatures.

Pallone has been vocal on the issue of DFS, using the explosion of interest in the product as a platform to draw attention to New Jersey’s efforts to regulate sports betting.

According to a source, the subcommittee will examine the nature of DFS as a product and the current legal status of the product.

Ongoing legislative developments at the state level, consumer protection issues, and the potential role of the federal government will also be topics on the table.

But LSR understands that the scope of the hearing will also include a broader discussion of online gambling and sports betting.

Online gambling has been a long-discussed topic at the federal level, but numerous legislative initiatives – including some to regulate and some to ban – have failed to gain meaningful traction over the last decade.

 

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