Assemblyman Adam Gray has introduced a bill that would require licensing and regulation for daily fantasy sports.
That bill is AB 1437.
The bill is technically not an introduction – rather, it’s a complete overhaul of an existing bill that was introduced in February 2015.
“We are still reviewing the bill, but we look forward to working with Chairman Gray in 2016 to educate him on fantasy sports and the benefits that our innovative technology provides to sports-loving residents and the California economy, ” said Paul Charchian, president of the FSTA.
Former California Gambling Control Commission Richard Schuetz advised the DFS industry that it should “run toward ” regulation earlier this year.
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DraftKings Is Adding a New Fantasy Sports Option: Competitive Video Gaming
By Kurt Wagner