After the recent shutdown of poker sites in the U.S., many fantasy sports sites have been inundated with questions about the legality of fantasy sports within the United States. What comes as a surprise to many people is that the answer is a resounding yes. Fantasy sports can be legally played online for money within the U.S. And there has been federal legislation put in place to play fantasy sports. The Unlawful Internet Gambling Enforcement Act of 2006, which was designed to curb fraud and other issues within a clause that states that fantasy sports are not games of chance; .
What types of fantasy games are they playing? Nearly all the games out there today are legal but gambling into a few cross the line. The biggest difference between a legal fantasy game and an illegal one is how the teams are picked up. True fantasy sports are solely based on statistics and not the outcome of the game. This is outlined in the Unlawful Internet Gambling Enforcement Act of 2006. Other games such as “Pick em” and “Pool” games should be advertised as Fantasy type games because of the result of a game or competition that has a direct impact on who wins. Even though these types of games are widely popular on and offline, they are illegal in the United States because when it comes down to its simplest form, people are betting on a team’s results. This fact alone considers it gambling bandar poker online.
Granted that statistics are the biggest element that makes fantasy sports unique from other forms of illegal gambling, there are still a few other rules that are outlined below that keep these games legal.
All prizes and awards are awarded to winners who are established and made known to the participants in advance of a game or contest and their value is not determined by the number of participants or the amount paid by those participants.
All winning outcomes reflect the relative knowledge and skill of the participants and are determined by a number of real-world sporting or other events in the case of athletes who have accumulated statistical results.
No single real-world sporting or other event in any individual athlete of any single performance.
Another issue is that they may be hiding their profits and either coercing banks or tricking them into taking payments from them. If you have ever tried to buy chips at a poker site you just saw how hard it was. Since fantasy sports are legal they don’t have to hide behind all that smoke and mirrors. The only concern is that these regards in a fantasy sports player are worth $ 600 over their prizes. However, many Fantasy Sports companies already include a tax form with over $ 600 worth of prizes, so there is no confusion when it comes to the time of year.
Sports fans can rest easy knowing that the mainstream fantasy sites offer a great way to enhance your favorite sports and are completely legal.
Kurt Pugh II is the co-founder of LLC and [http://www.MMAXtremeFantasy.com], a U.S.C. based fantasy sports company that provides leagues in football, MMA, baseball, and basketball. They offer the first ever stat based fantasy MMA leagues as well as weekly and playoff football challenges. The Leagues offer some of the biggest cash prizes and quickest payouts on the web. Sign up for a league now. You can also find them on Facebook, Twitter, and YouTube.