Fantasy Sports: The Rapidly Developing Legal Framework

Law360, New York (September 20, 2015, 10:27 PM EDT) -- Although fantasy sports competition — the act of building and competing with imaginary sports teams comprised of real-life athletes — had meager beginnings as a hobby and pastime among friends and coworkers, fantasy sports has exploded in recent years into a wildly popular, multibillion-dollar industry. This June, the Fantasy Sports Trade Association reported that over 56.8 million individuals now compete in fantasy sports competitions in North America (a 20 percent increase from 2014), including one-fifth of all U.S. residents.

The popularity and integration of fantasy sports into the fabric of American culture is impossible to overstate. Fantasy sports contests today are...

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