CEO Jason Robins says the company is preparing for a world in which sports gambling is legal. Daily fantasy sports may not be gambling legally, but its participants tend to Of course, whether DFS sites like DraftKings and FanDuel are. LAS VEGAS -- The head honchos at FanDuel want to make something very clear. The product they sell is not sports betting, they say.
How is fanduel not a gambling site -
With the rapid increase in sports coverage on social media, more fans are following games on Twitter or catching the highlights on TV later that night, rather than sticking around to watch the entirety of the game live. But where there is huge opportunity, there is also huge competition. Stern, also the Manager of Government Affairs for FanDuel, says the real question is if fantasy sports are allowed based on the current agreement, also known as a compact, Arizona has with the tribes. In a ruling, the Supreme Court cleared the way for states to legalize sports betting , striking down a federal law that had banned the practice in most states. ASU student-athlete Mason Ford says he has friends who are heavy participants in fantasy sports. This is huge news for daily fantasy sports companies like FanDuel and DraftKings, as sports gambling will account for a big chunk of their business. This is the highest recorded number to date.