The death of the fantasy sports industry has been greatly exaggerated. Serial entrepreneur, investor and Dallas Mavericks owner Mark Cuban recently wrote an Op-Ed that appeared in USA Today laying out the case for why he is investing in fantasy sports and why the industry will prevail.
Cuban stated “ Yes, certain politicians like New York Attorney Gen. Eric Schneiderman and California Assemblyman Marc Levine have sought to make a name for themselves by promoting efforts to ban daily fantasy in their respective states. They are wrong and misguided.”
But the larger story – and the one that’s not being told – is that the industry has embraced sensible regulation and lawmakers are taking notice. In state after state, laws are moving forward to clarify the legality of these games and allow the 50 million players to continue playing with some reasonable restrictions.
USA TODAY
Mark Cuban to politicians: Good luck killing fantasy sports
By Mark Cuban