The uncertainty of emerging gaming markets presents both opportunities and challenges. Pick’em style fantasy sports, while appealing to a younger audience, face regulatory crackdowns in several states. Skill-based real-money gaming and peer-to-peer social wagering are more accepted. As legalized gambling expands, thorough legal counsel is crucial for navigating the evolving regulatory landscape.
Tag: fantasy sports
The Three Types of Skill-Based Real-Money Games: Room for Innovation, Not Stagnation.
The skill-based real-money gaming market remains a popular and innovative business environment. The draw for players is that they can play games and win real money, but also improve their chances of winning through skill. Unlike gambling or casino-style games, skill-based gaming is not mathematically skewed in favor of “the house.” There are many types…
IRS Rulings on Daily Fantasy Sports Wagering: What Does This Mean for Skill-Based Gaming?
Real-money skill-based games are very popular across the world and the United States is no exception. Generally, real-money skill games allow players to compete against others in various games where the outcome is determined by the relative skill of the players (as opposed to chance). In simple terms, it is the same betting your friend…
Real-Money Skill Gaming in the U.S: Is Your Game More Fantasy Sports or Pure Contest?
In 2021, there are many opportunities to play games for real money online, even if your particular state does not offer full-scale online casino operations. Daily Fantasy Sports (or “DFS”) is one hugely popular entertainment option. Real-money pure-skill contests are another. Video game tournaments, leaderboards, and prize pools are also available, as well as countless…