scholarly journals 21st Century Stock Market: A Regulatory Model for Daily Fantasy Sports

2018 ◽  
Vol 28 (1) ◽  
pp. 39-62
Author(s):  
Alicia Jessop
Keyword(s):  
20Th Century ◽  
State Legislators ◽  
Fantasy Sports ◽  
Sports Industry ◽  
Sport Industry ◽  
Protection Mechanisms ◽  
Seed Funding ◽  
Securities Industry ◽  
Daily Fantasy Sports ◽  
Regulatory Model

The popularity of daily fantasy sports contests has risen exponentially as daily fantasy sports providers have raised hundreds of millions of dollars in seed funding from major sport industry and media stakeholders. Amongst this industry rise, concerns over whether the industry’s consumer protection mechanisms are stringent enough have arisen. In response, individual states executed varied approaches to regulating the industry within their borders. Some have imposed complete bans, while few allow the industry to widely operate and others have imposed significant regulations. States’ responses to the daily fantasy sports industry are akin to state legislators’ regulation of the securities industry in the 20th century. This paper analyzes state and federal regulations imposed on the securities industry in the 20th century to provide an argument as to why federal regulation of the daily fantasy sports industry is necessary.

Daily Fantasy Sports and PASPA

2017 ◽  
Author(s):  
Daniel L. Wallach
Keyword(s):  
Attorney General ◽  
Analytical Framework ◽  
Sports Betting ◽  
Fantasy Sports ◽  
State Legislation ◽  
Sports Industry ◽  
Sports Gambling ◽  
Daily Fantasy Sports ◽  
State Legislative ◽  
Legislative Measures

Recent state legislation regulating fantasy sports contests may present a different type of threat to the nascent fantasy sports industry—the possibility that the U.S. Attorney General (or others) could invoke PASPA to enjoin the state law. This is the same law that prohibits states from legalizing traditional, single-game sports betting. Although PASPA has not yet surfaced as an obstacle to state legalization of DFS, it may emerge as an important issue as additional state legislative measures are introduced, particularly with a new U.S. Attorney General potentially taking a harder look at Internet gambling generally. Further, as more and more states begin passing laws legalizing daily fantasy sports contests, many have begun to question why some forms of sports gambling are allowed but not others. This chapter examines how PASPA could apply to state-sanctioned fantasy sports and provides an analytical framework for assessing the viability of such legislation under PASPA.

Fantasy Gaming on Steroids? Contrasting Fantasy Sport Participation by Daily Fantasy Sport Participation

2016 ◽  
Vol 5 (6) ◽  
pp. 732-750 ◽  
Author(s):  
Andrew Billings ◽  
Brody James Ruihley ◽  
Yiyi Yang
Keyword(s):  
North America ◽  
Sport Participation ◽  
Media Consumption ◽  
Fantasy Sports ◽  
Financial Investment ◽  
The Past ◽  
Sport Industry ◽  
Daily Fantasy Sports ◽  
Fantasy Sport

The fantasy sport industry has grown rapidly in the past decade, now boasting 56 million participants in North America alone. More recently, the ascent of fantasy sport appears directly attributable to the rise of new websites offering daily/weekly fantasy games. This study surveys 438 fantasy participants—some who play traditional fantasy sports and others who participate in daily fantasy sports along with traditional forms of fantasy offerings. Results reveal that motivations for play do not differ between traditional and daily participants, yet the two sets of respondents differed in terms of media consumption, economic commitment, and perceptions of games being skill versus chance based. Ramifications are offered not only based on the differences in financial investment but also regarding the seeming downturn in motivations for traditional fantasy sport participation.

Player Pricing Mechanisms and the Daily Fantasy Sport Chance Versus Skill Debate

2021 ◽  
Vol 16 (4) ◽  
Author(s):  
Jeremy Losak
Keyword(s):  
The United States ◽  
Necessary Condition ◽  
Theoretical Discussion ◽  
Fantasy Sports ◽  
Fantasy Football ◽  
Legal Implications ◽  
Expected Performance ◽  
Game Player ◽  
Predominant Factor ◽  
Daily Fantasy Sports

Differentiating and defining games of skill versus chance have major legal implications when classifying gambling, especially in relation to daily fantasy sports in the United States. This paper provides a theoretical discussion and introduces an empirical approach to analyzing game player pricing mechanisms. If game pricing mechanisms are fully efficient—player prices fully reflect the expected contributions from players—then that game is one of chance since there is no opportunity for skill to play a role in outcomes. This paper examines player prices from DraftKings’ daily fantasy football product. Empirical results show that there are strategies deriving from the pricing mechanism that can be incorporated by skilled participants to increase their expected performance and improve their chances of winning. This provides evidence that daily fantasy sports are skill-based—a necessary condition for skill to be a predominant factor in game outcomes as part of the legal debate.

scholarly journals Optimising Daily Fantasy Sports Teams with Artificial Intelligence

2020 ◽  
Vol 19 (2) ◽  
pp. 21-35
Author(s):  
Ryan Beal ◽  
Timothy J. Norman ◽  
Sarvapali D. Ramchurn
Keyword(s):  
Real World ◽  
National Football League ◽  
Mixed Integer ◽  
Data Sets ◽  
Fantasy Sports ◽  
Real World Data ◽  
Sports Teams ◽  
Novel Approach ◽  
Four Seasons ◽  
Daily Fantasy Sports

AbstractThis paper outlines a novel approach to optimising teams for Daily Fantasy Sports (DFS) contests. To this end, we propose a number of new models and algorithms to solve the team formation problems posed by DFS. Specifically, we focus on the National Football League (NFL) and predict the performance of real-world players to form the optimal fantasy team using mixed-integer programming. We test our solutions using real-world data-sets from across four seasons (2014-2017). We highlight the advantage that can be gained from using our machine-based methods and show that our solutions outperform existing benchmarks, turning a profit in up to 81.3% of DFS game-weeks over a season.

A Methodology for the Sport Industry to Capture Public Perceptions and Responses in the Time of COVID-19

2021 ◽  
Author(s):  
Yen-Yao Wang ◽  
Tawei (David) Wang ◽  
Kyunghee Yoon
Keyword(s):  
Crisis Management ◽  
Management Strategies ◽  
Professional Sports ◽  
Public Perceptions ◽  
Learning Approaches ◽  
Sports Industry ◽  
Sport Industry ◽  
Hidden Patterns ◽  
The Impact ◽  
Sports Activities

The COVID-19 pandemic has had an unprecedented impact on the sports industry, affecting from professional sports activities to the 2020 Summer Olympics. It has wreaked havoc on the sports calendar, causing a number of events to be canceled or postponed. This study proposes a methodology by which the sports industry can assess public perceptions and responses in social media to gain important insights that can be used to craft effective crisis management strategies. Using machine learning approaches in order to extract hidden patterns in tweets could assist practitioners in creating and implementing crisis communication strategies for mitigating the impact of COVID-19.

Cooling off periods in franchise contracts: from consumer protection mechanisms to paternalistic remedies for behavioral biases

2015 ◽  
Vol 17 (4) ◽  
pp. 697-721
Author(s):  
Courtenay Atwell
Keyword(s):  
20Th Century ◽  
Consumer Protection ◽  
Path Dependence ◽  
Behavioral Science ◽  
Government Agencies ◽  
Protective Measures ◽  
Policy Orientation ◽  
Behavioral Biases ◽  
Protection Mechanisms ◽  
Protection Legislation

The “cooling-off period” has remained a fixture of domestic consumer-protection legislation. Yet, as I argue in this paper, the longevity of these provisions is neither the result of their effectiveness at solving the problems they were intended to solve nor the forces of path dependence. Rather, I suggest that the cooling-off period has endured because of a process of gradual ideational adaptation. Over the course of the 20th century, legal and economic intellectuals advising government agencies have abandoned traditional consumer-protection rationales that led to the creation of cooling-off periods in favor of a paternalistic policy orientation that integrates behavioral science insights. Though the organizational problems the cooling-off period were expected to resolve have been more effectively addressed through the concurrent institution of other protective measures, such as the disclosure document and compulsory advisory provisions, the cooling-off period has found new uses and advocates, which have made it far from obsolete.

From Leagues of Their Own to an Industry of Their Own: The Emerging Lesbian Sports Industry

1997 ◽  
Vol 6 (2) ◽  
pp. 109-139 ◽  
Author(s):  
Brenda G. Pitts
Keyword(s):  
Vertical Growth ◽  
Sports Industry ◽  
Abundant Evidence ◽  
Horizontal Growth ◽  
Sport Industry ◽  
A Current ◽  
Existing Data

The purpose of this study was to determine if there is an emerging lesbian sports industry. Definitions and indicators of industry and sport industry were used to analyze existing data from a current on-going study. Based upon the results there is abundant evidence that: there is a wide variety of lesbian sports products, there is horizontal growth as well as vertical growth, there are existing and potential lesbian sports buyers, there are correlated indicators, and there is recognition of value. The conclusion is that there is an emerging lesbian sports industry.

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