It seems that over the past 2-3 weeks there has been a ton of negative press for DFS. Whether it be the baseless personal attacks on Ethan Haskell, Nevada coming in with a very conveniently timed banning of DFS in the state, StarsDraft seemingly sabotaging their DFS stake in the industry (or being so cautious as to pull out of states that haven't shown to display any public negativity towards DFS), or Marjor Media outlets running with scandalous claims that had no merit, DFS has taken a beating.
It seems like the dust is settling and I'm hopeful that cooler heads will prevail to bring thoughtful and helpful regulation to DFS. In my personal opinion, DFS is very different than Poker when it comes to government financial concern. In Poker, there were clearly laws being broken with wire fraud and the US government wasn't able to get a grip on the tax situation. Most of the DFS companies are either based in or have Headquarters in the US. These companies are able to be held accountable by US laws (can't say the same for offshore casinos) and DFS companies ensure 1099 forms are filed for players and in turn are doing as much as they can to ensure income taxes are paid on a federal and state level. It gets trickier if DFS were categorized as Gambling, which would complicate the tax code on a state level.
With that said, I created this thread so the DFC community can keep up with the DFS regulation and legislation news. I'll start it off with two news stories:
1. California legislator brought forth a Bill prior to the DraftKings Data Leak - http://wthitv.com/2015/10/27/rep-morrison-to-sponsor-bill-to-regulate-daily-fantasy-sports-sites/
2. NBA's Adam Silver supports regulation and makes a clear distinction on the leagues thoughts of legality - http://espn.go.com/espn/otl/story/_/id/13941819/nba-commissioner-adam-silver-favor-regulation-daily-fantasy-operators
3. Illinois introduces a Bill to Regulate DFS - http://www.wsj.com/articles/illinois-to-introduce-bill-to-regulate-daily-fantasy-sports-1445902199
