ith the new year, regulations for daily fantasy sports are taking effect in Maryland. State Comptroller Peter Franchot proposed the regulations in July.
"Daily online fantasy sports games have a significant presence in Maryland," Franchot said in a statement released Jan. 3. "It is entirely appropriate that we enforce basic rules to ensure the games are fair, anti-competitive abuses are declared out of bounds and appropriate taxes are paid."
Mostly, the regulations address consumer protection issues and are similar to rules in other states that have addressed daily fantasy sports.
The regulations only apply to DFS contests and not to season-long fantasy sports contests that the comptroller's office describes as "run by companies like Yahoo and ESPN that attract office coworkers, softball teammates or church groups."
In 2012, Maryland actually passed a law that legalized fantasy sports for prizes. Last year, some state legislators wanted to revisit the issue and have the question of daily fantasy go to a statewide referendum. That did not happen.