Federal Regs On Daily Fantasy Are Far Off, Hearing Shows

By Zachary Zagger (May 11, 2016, 11:37 PM EDT) -- The controversy over daily fantasy sports finally hit Congress on Wednesday, but experts said the hearing before the House Committee on Energy and Commerce shows that federal regulation isn't coming soon, meaning the industry must continue to deal with a patchwork of state laws for the foreseeable future.

Members of the Subcommittee on Commerce, Manufacturing and Trade questioned a panel of witnesses ranging from the Fantasy Sports Trade Association to gaming technology companies to academic experts, though neither representatives of industry leaders DraftKings Inc. and FanDuel Inc. nor the major North American professional sports leagues showed up at the hearing....

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