Fanduel Thread

ice grillin you · November 17, 2015, 08:39:18 AM

i dont think anyone truly believes the argument they are making but yes there are a lot of individual players who try and at least attempt to make the argument...the thing is its not even their own argument they are just taking out of the law the one line where it says games of skill are not gambling and then trying to say fantasy football is a game of skill not chance...were that language not included in the law i dont think anyone including the companies would argue that its not gambling

PhillyPhreak54 · November 17, 2015, 01:30:32 PM

Yeah anyone who says it isn't gambling is ignorant

Anything where you put money out on a game is gambling. Be it poker, casino games, fantasy football, DFS...

But the conservative people want to take away gambling because they feel the need to make my choices for me.

And the states who don't support it need to look in the mirror because they have lotteries.

rjs246 · November 17, 2015, 01:32:37 PM

To me it's more about regulation and consumer protection, but whatever. Pretending that it isn't gambling is ridiculous.

ice grillin you · November 17, 2015, 01:58:03 PM

yup its all about regulation

and i dont know that there is a bigger liberal in the country than eric schneiderman so you cant blame conservatives in this spot

SD · November 17, 2015, 02:24:26 PM

Quote from: rjs246 on November 17, 2015, 01:32:37 PM
To me it's more about regulation and consumer protection, but whatever. Pretending that it isn't gambling is ridiculous.

It definitely needs to be regulated because there's a 100% chance they've pulled some shady shtein. Plus it's a multi billion industry. The problem as I understand it is if they put it in the same category as gambling it won't be available in all 50 states.

Sgt PSN · November 17, 2015, 03:06:31 PM

Serious question. If you want to label this as gambling then why not the stock market? Basically the same concepts.

ice grillin you · November 17, 2015, 03:17:33 PM

the difference is the stock market has been proven over time to be a super safe place to put your money...there is little risk there

where as lotteries and casinos and daily fantasy and the like give the hope of millions but pay out very little to the average customer....its a racket

rjs246 · November 17, 2015, 03:30:07 PM

The stock market is amazingly risky if you play it one day at a time. In fact there is almost no difference between one day fantasy and day-trading stocks.

Investing for the long term is significantly different than day-trading and carries little risk, but the comparison makes a lot of sense for people who try to pick stocks to trade on day to day basis.

Sgt PSN · November 17, 2015, 03:32:53 PM

And day trading is perfectly legal and not considered gambling, correct?

ice grillin you · November 17, 2015, 03:36:24 PM

Quote from: Sgt PSN on November 17, 2015, 03:32:53 PM
And day trading is perfectly legal and not considered gambling, correct?

"considered gambling" is not the important part here...thats just language people are trying to use to avoid regulation....the regulatory aspect of this is whats important and currently there is none for daily fantasy where as there is tons for wall street

Sgt PSN · November 17, 2015, 03:39:21 PM

I'm fine with regulating it, I'm just trying to figure out why so many people are in a rush to call it gambling and have it banned when there is a perfectly comparable stock trading tactic that has been around forever and is not considered gambling or under scrutiny.

hunt · November 17, 2015, 03:46:30 PM

the gubment wants its cut...it's that simple.

ice grillin you · November 17, 2015, 04:55:42 PM

Quote from: Sgt PSN on November 17, 2015, 03:39:21 PM
I'm fine with regulating it, I'm just trying to figure out why so many people are in a rush to call it gambling and have it banned when there is a perfectly comparable stock trading tactic that has been around forever and is not considered gambling or under scrutiny.

I don't think anyone wants it banned...at least i haven't heard much if any of that

and the stock market has an incredible amount of regulation...too much for some not enough for others but to say it isn't under scrutiny or compare it to something like daily fantasy which has zero regulation is just not accurate

PhillyPhreak54 · November 17, 2015, 05:36:16 PM

Quote from: hunt on November 17, 2015, 03:46:30 PM
the gubment wants its cut...it's that simple.

Yeah that's why they don't give a farg about and actually promote lotteries...because they get caked off. I bet if the states lost that lottery revenue they'd be up the creek and have to cut something out of the budget. Maybe instead of 1980s text books they kids would have to use some 50-60s antiques.

I am all for regulation though. They have pulled shady shtein and that (and the never ending commercials and ads and segments) tweet where the DK dude mentioned he had access to the ownership percentages is what started all this. He's the one who won $350k+ on FanDuel

Munson · August 24, 2016, 01:51:59 AM

So apparently last month or in June the Delaware DOJ issued a ruling making this shtein outlawed in the state. The House had a bill to label it a "game of skill" so it would be legal, but it got shelved before the summer session ended and they went on break.

Did my civic duty like a good little citizen and wrote my state rep and senator.

What does everyone think of the changes FanDuel made? Think they're legit with keeping shtein "fair"?