Fantasy Sports Industry Questions Mass. AG's Proposed Regs
Law360, New York (January 12, 2016, 9:57 PM EST) -- The daily fantasy sports industry pushed back against some of the consumer protection restrictions proposed by Massachusetts Attorney General Maura Healey at a public hearing on the regulations Tuesday.
Healey's proposed regulations, released in November, seek to protect minors, ensure truthful advertising and bring transparency to the industry with restrictions such as a 21-year-old age limit, a $1,000 per month deposit limit, prohibition on extending lines of credit and the creation of beginner contests that exclude professional or highly experienced players.
At the public hearing, representatives for the Fantasy Sports Trade Association and Boston-based daily fantasy operator DraftKings Inc. said they...
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