Wednesday, September 28, 2022

Nevada Gaming Board tells DFS operators to apply for licensing

Nevada lawmakers ruled that daily fantasy sports operators would require a gaming license to operate their services in accordance with state regulations.

The decision was approved by AG Burnett Chairman of the Nevada Gaming Control Board, who ordered all DFS operators to stop activity within the state's borders and begin to apply for gaming licenses.

Detailing the gaming board’s decision to consider DFS as a form of gambling, Burnett stated that following a review it found that DFS “involves wagering on the collective performance of individuals participating in sporting events.”

DFS operators should therefore adhere to Nevada regulations governing sports betting pools and wagers. The Nevada board strongly reiterated that DFS services had not been made illegal, but that the operators would have to confine to state laws on betting

Leading market operators FanDuel and DraftKings, have moved to cease their operations in Nevada as a result of the decision.

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