The premise was simple: instead of selecting a roster of players to compete over a season, you select a roster of players daily. This new form of fantasy sports captivated players and has evolved into a multi-billion dollar industry. But is DFS legal?
Daily Fantasy Sports (DFS)
Daily fantasy sports exploded onto the gaming scene in the early 2010s
In the United States, some operators took the position that the Unlawful Internet Gaming Enforcement Act provided an exemption allowing them to offer Daily Fantasy Sports. They also took the position that playing Daily Fantasy Sports is a game of skill. Presently, DFS is allowed in some states and not others. It is licensed in some states and not others.
In Canada there is no Unlawful Internet Gaming Enforcement Act and the way we determine what is a “game of skill” is different. If you’re a daily fantasy sports operator, software provider, or affiliate, we should chat. I’d like to learn about your business model and review how it fits in with Canadian gaming laws.
Looking for documentation to provide to potential investors?
Jack can provide you with a risk analysis setting out the legal and practical risks of your operation.
Need a letter for payment processors or advertisers?
Jack is happy to answer any questions you have and assist you with preparing the letter.
Looking for assistance in other jurisdictions?
Jack will leverage his network to help you find the right person.
Representative Work in Daily Fantasy Sports
Assisted a start-up DFS company determine its optimal jurisdiction of incorporation
Provided a high-level overview of the legality of daily fantasy sports in the United States
Analyzed a daily fantasy sports structure to determine compliance with Canadian gaming laws
Provided a comfort letter to investors with respect to a company’s compliance with Canadian gaming laws
Provided a letter to payment processors for the purpose of a payment processor conducting a review of the client’s activities
Gaming is one of the most heavily regulated industries in the world. Jack will help you navigate the Canadian landscape and leverage his experience and connections in other jurisdictions.