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June 21, 2021

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Congress to consider if there is a "federal role to play" regarding DFS

Congress to consider if there is a
The House Subcommittee on Commerce, Manufacturing, and Trade has officially announced a hearing that will take place in the Rayburn House Office Building, Room 2123 on May 11 to look into daily fantasy sports.
United States | 05/06/2016

The House Subcommittee on Commerce, Manufacturing, and Trade has officially announced a hearing that will take place in the Rayburn House Office Building, Room 2123 on May 11 to look into daily fantasy sports.

T

he subcommittee, chaired by Rep. Michael C. Burgess, M.D. (R-Texas) said that the hearing is entitled “Daily Fantasy Sports: Issues and Perspectives.”

 

The statement mention that the subcommittee intends to “consider whether there is a federal role to play” in DFS

 

"Daily fantasy sports games have courted the national spotlight over the past year with major advertising campaigns bringing in nearly 60 million online users. The subcommittee will examine the inner working of this emerging industry, already estimated to be worth more than $25 billion, the fairness and integrity of the games, and what consumer protections are in place.

As multiple states look into daily fantasy sports, the subcommittee hopes to understand the current direction of the industry and consider whether there is a federal role to play. A patchwork of differing and contradictory policies by the states could have negative consequences for consumers, as well as further growth and innovation.

“The issue of daily fantasy sports leagues has been at the forefront of the news over the last few years. The committee is providing a forum for all stakeholders to discuss the many aspects of this complicated issue,” said Burges.

It seems unlikely that the Congress or the federal government would be moved to any sort of immediate action as a result of this hearing. Federal oversight of DFS, in lieu of state-by-state regulation of the industry, is a highly unlikely scenario.

However, the statement mention that the subcommittee intends to “consider whether there is a federal role to play” in DFS.

 

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