This morning, hundreds swarmed the entrance of the New York Attorney General Eric Schneiderman's Manhattan office in protest of his decision earlier this week.
The decision? Banning Daily Fantasy Sports leagues such as DraftKings and FanDuel in the state of New York.
The ire of this decision is primarily that these leagues are simply luck-based like illegal bookmaking on the outcome of any game.
The discrepancy supporters and employees of DFS companies are quick to point out is that it takes a very considerable amount of skill to win.
It's true. We've played. Sometimes it's easy, but more often than not, you end up flushing money down the drain due to the sheer volume of other players. Reasonable logic suggests that the best players in professional sports would be the ones that would help you win the most money.
The way the leagues are devised though, (if you've never played) is that you can't select all of the best players. There's a salary cap. You have a fixed number of players to draft (by position), and the better the player is (or however well he's performing from week-to-week), the more expensive it is to pick that player.
But there's a lot of unknowns. There are a lot of underdogs every week that perform better than they ever should have, so this is element of skill and strategy to help compensate for those unknowns is a huge factor.
[anad]
The real issue at heart is the lack of regulation. Last month DraftKings CEO Jason Robins won $350,000 on FanDuel. Now, it's company policy for both that their employees are not allowed to compete on the site they work for. That makes sense. That'd be cheating.
How? Information. Back to the strategy element of the games, the more you know, the better prepared you are to compensate for the unknowns. And if you know who everybody else is drafting (information hidden until the competition actually goes live at kickoff), then you have a better chance of determining who can do as well or better for yourself.
These employees had access to that data and were able to use that for competing sites because there is no regulation. Nobody regulates this. It's not like a Casino. Anybody can join, anybody can play, and anybody can win.
--> -->
So, as you can see above, this morning, hundreds took to the streets right outside Schniederman's office to protest. There were supporters of the league, media members, but some estimated that nearly 75% of the protestors were employees of the companies.
In a way, the protestors are right. It takes a considerable amount of both skill and luck to win the huge sums of money you see in the commercials. Where they're wrong though, is denying that they need any system of accountability or checks and balances.
Not to mention, there are few things that sound as petulant as a large crowd of people chanting, "Let Us Play!" That, paired with the sign, "Schneiderman Should Focus On Real Problems" simply represent an utterly confused fanbase.
[anad2]
That sign in particular has #FantasyForAll right underneath. Sure, maybe Schneiderman should focus on a real problem, then again, these guys showed up. To protest. A game. Yeah, again: Fantasy Football is a game. It's not a matter of social justice. It's. A. Game.
New York is the first state to flat-out ban the games, and with nearly 12% of the market playing here, who knows where the trend will go? On the other hand, maybe this ban is the first word in a larger conversation as to how the games should play in the future.
So, as you can see above, this morning, hundreds took to the streets right outside Schniederman's office to protest. There were supporters of the league, media members, but some estimated that nearly 75% of the protestors were employees of the companies.
In a way, the protestors are right. It takes a considerable amount of both skill and luck to win the huge sums of money you see in the commercials. Where they're wrong though, is denying that they need any system of accountability or checks and balances.
Not to mention, there are few things that sound as petulant as a large crowd of people chanting, \"Let Us Play!\" That, paired with the sign, \"Schneiderman Should Focus On Real Problems\" simply represent an utterly confused fanbase.
[anad2]
That sign in particular has #FantasyForAll right underneath. Sure, maybe Schneiderman should focus on a real problem, then again, these guys showed up. To protest. A game. Yeah, again: Fantasy Football is a game. It's not a matter of social justice. It's. A. Game.
New York is the first state to flat-out ban the games, and with nearly 12% of the market playing here, who knows where the trend will go? On the other hand, maybe this ban is the first word in a larger conversation as to how the games should play in the future.
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This morning, hundreds swarmed the entrance of the New York Attorney General Eric Schneiderman's Manhattan office in protest of his decision earlier this week.
The decision? Banning Daily Fantasy Sports leagues such as DraftKings and FanDuel in the state of New York.
The ire of this decision is primarily that these leagues are simply luck-based like illegal bookmaking on the outcome of any game.
The discrepancy supporters and employees of DFS companies are quick to point out is that it takes a very considerable amount of skill to win.
It's true. We've played. Sometimes it's easy, but more often than not, you end up flushing money down the drain due to the sheer volume of other players. Reasonable logic suggests that the best players in professional sports would be the ones that would help you win the most money.
The way the leagues are devised though, (if you've never played) is that you can't select all of the best players. There's a salary cap. You have a fixed number of players to draft (by position), and the better the player is (or however well he's performing from week-to-week), the more expensive it is to pick that player.
But there's a lot of unknowns. There are a lot of underdogs every week that perform better than they ever should have, so this is element of skill and strategy to help compensate for those unknowns is a huge factor.
[anad]
The real issue at heart is the lack of regulation. Last month DraftKings CEO Jason Robins won $350,000 on FanDuel. Now, it's company policy for both that their employees are not allowed to compete on the site they work for. That makes sense. That'd be cheating.
How? Information. Back to the strategy element of the games, the more you know, the better prepared you are to compensate for the unknowns. And if you know who everybody else is drafting (information hidden until the competition actually goes live at kickoff), then you have a better chance of determining who can do as well or better for yourself.
These employees had access to that data and were able to use that for competing sites because there is no regulation. Nobody regulates this. It's not like a Casino. Anybody can join, anybody can play, and anybody can win.
--> -->
So, as you can see above, this morning, hundreds took to the streets right outside Schniederman's office to protest. There were supporters of the league, media members, but some estimated that nearly 75% of the protestors were employees of the companies.
In a way, the protestors are right. It takes a considerable amount of both skill and luck to win the huge sums of money you see in the commercials. Where they're wrong though, is denying that they need any system of accountability or checks and balances.
Not to mention, there are few things that sound as petulant as a large crowd of people chanting, \"Let Us Play!\" That, paired with the sign, \"Schneiderman Should Focus On Real Problems\" simply represent an utterly confused fanbase.
[anad2]
That sign in particular has #FantasyForAll right underneath. Sure, maybe Schneiderman should focus on a real problem, then again, these guys showed up. To protest. A game. Yeah, again: Fantasy Football is a game. It's not a matter of social justice. It's. A. Game.
New York is the first state to flat-out ban the games, and with nearly 12% of the market playing here, who knows where the trend will go? On the other hand, maybe this ban is the first word in a larger conversation as to how the games should play in the future.
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