Canada’s Provinces Invited into Daily Fantasy World
As daily fantasy sports slowly become a rather hot topic in the United States, Canada is invited into the controversial world of the activity which has been characterized by illegal gambling by several U.S. states.
A Cry for Help
A gambling researcher Jeffrey Derevensky, who is a professor at McGill University, has called upon Canada and its provincial lottery regulators to join the pro trend due to their ability to best regulate the public-splitting subject.
Derevensky invited Canadian province governments to consider adding daily fantasy sports into their offering of online games, claiming that the Canadian regulatory bodies are best equipped to characterize the controversial activity as legal.
In his opinion, Canada could pioneer the way forward in a better understanding of the popular activity, and could ultimately lend its expertise on the matter. Derevensky proposes incorporation of the responsible gambling features such as identity and age verification, self-exclusion programs and voluntary daily limits.
A form of Illegal Gambling?
Thus far, however, Canada has shown little interest in dealing with the hot topic of daily fantasy sports and Jeffrey Derevensky is one of many experts who claim that daily fantasy sports is a form of gambling, although it differs dramatically from the more familiar games as it requires entry fees which are collected by providers in order to pay the winners.
“When you’re putting money down to win money and there’s a probability that you’re not going to win money, then that’s gambling”, Derevensky argues.
The daily fantasy sports remain a grey legal zone, but the industry leaders in the United States market – DraftKings and FanDuel – are facing a big challenge in a hostile legal environment as there is an increasing number of states that decided to shut the two sites down, labelling them as illegal gambling form.
It’s done little to stifle the daily fantasy sports phenomenon as, according to the Fantasy Sports Trade Association, there are 57.4 million fantasy players in North America.