Daily fantasy sport has faced numerous legal challenges since its inception in 1990. One of the challenges it faced is argument on whether it fall into category of sport betting or not. Gambling is illegal in the United States which is the reason the argument emanate whether it fall into category of gambling or not. Many critics of this game argued that daily fantasy sport by its format fall into the category of sport betting. Presently in some states in the United States, daily fantasy sport remains illegal. The controversy which surround fantasy sport and the challenges it had faced in the past has prompted many people to ask, have daily fantasied sport died?
Daily fantasy sport is a type fantasy sport that is being played in less time compared to other fantasy sport. Fantasy sport game gives room for more team selection, betting option and prizes. The game is an online game in which users form their teams by selecting players they believed will improve their team. The users are allowed to assemble and develop a team of players from their chosen league. Daily fantasy sport player are compensated for their skills and determination.
The reason some people think daily fantasy sport had died is lack of knowledge on how this industry is operated. Daily fantasy sport is loved by many people especially sport lover. Many fans actually concluded that fantasy sport is the closest they could get to play real game. Though, this industry was launched in 1990, it remains unknown to many people until 2009.
July 21, 2009, mark the beginning of rise of daily fantasy sport as the Edinburgh, a Scotland prediction market launched a spin-off called as Fan Duel. The services are modernization of fantasy sport services provided by yahoo sport and CBS sport. Also in February 2012, Boston_based Draft king was launched by trio of Jason robins, Mathew Gaulish and Paul Lieberman. These two sites control the daily fantasy sport in the United States. Fan duel and draft king received support from the team owner, sport broadcaster, investment firm and league company.
The debate on whether daily fantasy sport fall into category of sport betting or not is the major challenges they face. Gambling is illegal in the United States and this prompt some people including politician to argue that Daily fantasy sport should not be allow to operate. Its fans argue that it is a game that reward skill. The government and critics claimed that it's mode of operate and format constitutes it as gambling. However, this industry is multi billion dollar industry today despite the numerous challenges it had faced.
Many observers had in time past forecast that daily fantasy sport will cease to exist by 2020. The legal action of New York attorney general is one of the reasons for their forecasting. Despite all this challenges the daily fantasy sport is still alive. The answer to the question of have daily fantasied sport have died is NO. Daily fantasy sport is still alive and growing every day in term revenue generation and users added.
The daily fantasy sport is not only alive today, it is growing and many users are being added every day. Reason for their growing influence despite the challenges it had faced, can be traced to the massive support it enjoys. A publication put the estimates of fantasy sport players at 60 million in North America. Daily fantasy sport is a type of fantasy sport that is being played in less time. The game is played within an hour, day or weekly unlike other fantasy sport game. This game allows more team selection, betting options and prizes and the games are completed in a short time.
Since its inception in year 1990, daily fantasy sport story had been full of good and bad. This industry is battling with serious legal challenge as many people claimed government should not allow it to operate. Despite the outcry from its proponent, the stakeholders believed it's format qualify it as gambling. However, with all the challenges it had faced, this industry continuing to grow daily. Many users are being added to their register daily with the United States and India top the country with most users. Though, it's future is uncertain and it's past full good and bad, the industry is still alive as of today.