OT - New York State bans fantasy football
- Thread starter Doctor Worm
- Start date
That's one way for companies to get your location, and it could be a way that the DFS sites would work, but it's not the way that NJ online poker and gambling work. NJ regulated gambling uses IP location plus WiFi geo location to know you are within the boarders while playing poker or otherwise gambling. Basically when you log into the software it looks for all of the WiFi hot spots around you. If they are in the database it uses for confirmation as being in NJ, then you can play. If they are not, then it will not let you play or boot your off the site. If you have an NJ IP address say registered to Cablevision, and try to play on your PC that doesn't have a WiFi adapter you will not be able to play. If you see less then a certain number of individual WiFi spots then you can't play. This method is a lot harder to work around with TOR or a VPN.
Now how does the program know that the hotspot is in NJ? At a high level, from the data collected from smart phones. Basically when you drive down the street with your WiFi turned on your phone, it collects the MAC and SSID of the hotspots you go by and sends it back to Google/Apple. The Google mapping cars do this as well.
Links:
http://pokerfuse.com/news/law-and-r...-adapters-to-solve-geo-location-issues-10-01/
http://www.onlinepokerreport.com/9452/cams-ceo-discusses-online-gaming-geo-location-verification/
http://www.zdnet.com/article/how-google-and-everyone-else-gets-wi-fi-location-data/
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Still gambling, in the Super Bowl there are all the prop bets about individual players.
Agreed, anything involving money is gambling, but the games themselves are skill based. In both games anyone can win a single hand or single DFS tourney, but those with more skill will win in the long run.
Different guys, but both NY AGs. The guy who went after the internet poker sites was Preet Bharara. The basis was money laundering and bank fraud and the focus at the time was on the big 3 (PokerStars, FullTilt, and Ultimate Bet) companies defrauding banks. There was no concern from the US government about the players rights (fixing of games).
As for the skill of DFS vs chance, there is both in the game. A good example is playing Kirk Cousins this week. Everyone know he is a bad QB, but he's going against the Saints who have a horrible defense. You use the information that the Saints are bad (skill/research), but take the chance on Cousins' suckyness. There are a lot more data points used in researching lineups that make it a skill game with an element of chance.
The reason why games DFS and poker do so well in a gambling environment is that element of chance is enough to keep the bad players in the game hopeful that they will win.
You're missing the key factor of what it means to buy a share of stock. When you buy a share of stock, you are buying ownership in the company. You know own part of the company, which mean you own part of the assets and own part of the profits. And like any owner, you get a say in the management of the company. (Sure, if you buy a share of Coca Cola for $42, you get one vote out of 4.3 billion, but you still get a vote.)
As an owner of a share of a company, you participate in the creation of value. As the company grows, its value increases. It is possible for the company to participate in overall economic growth, resulting in more value for everyone.
Gambling (including fantasy league gambling) is a zero-sum game. In order for someone to win, someone else has to lose. No value is created. Money is just shifted from losers to winners.
Do these sites provide running tallies of how players are doing or do you just trust them to keep score and pay you what you have won? Do they tell you how many points each NFL player earns for his fantasy players? At the track you have a ticket specifically printed for a specific horse so you can know how much he paid if he won.
I don't play daily fantasy so I don't know if the players are in the loop regarding the legitimacy of their scores
I don't play daily fantasy so I don't know if the players are in the loop regarding the legitimacy of their scores
Good. Maybe we won't be bombarded with obnoxious advertising from DK and FD. They probably took that track to to get as many suckers as possible knowing this day of reckoning was coming.
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I think the sites always knew this would be labeled as gambling. Building their audiences quickly will allow them to work out a deal with a casino imo.
Casinos or the states could run these programs themselves, but having the audience of a FanDuel isn't the easiest thing to build.
FD and DKS made several errors, most of which was thinking their venture $$ would never end.
In September, they drove their cost of customer acquisition above $25.00 (from $8.40 in '14);
also they hired a lot of bad "actors" in an effort to try to grow liquidity.
Soon, they will both be answers to trivia questions.
@Abro You are correct the NY Times reported that; but not the first time they were wrong--
even in the paragraph you referred to they mentioned investors "Comcast and NBC Ventures"--
Comcast owns NBC Ventures. They probably meant Kraft Ventures or Fox Ventures.
I follow the industry closely and in order to do business with any of the major sports, you had
to "give" some equity to the league as part of any deal. The MLB was first to take equity in 2013.
As will come out, the NFL lobbyists put the 2 paragraphs in UIEGA to exempt fantasy sports;
they just did not mean daily.
Be well.
In September, they drove their cost of customer acquisition above $25.00 (from $8.40 in '14);
also they hired a lot of bad "actors" in an effort to try to grow liquidity.
Soon, they will both be answers to trivia questions.
@Abro You are correct the NY Times reported that; but not the first time they were wrong--
even in the paragraph you referred to they mentioned investors "Comcast and NBC Ventures"--
Comcast owns NBC Ventures. They probably meant Kraft Ventures or Fox Ventures.
I follow the industry closely and in order to do business with any of the major sports, you had
to "give" some equity to the league as part of any deal. The MLB was first to take equity in 2013.
As will come out, the NFL lobbyists put the 2 paragraphs in UIEGA to exempt fantasy sports;
they just did not mean daily.
Be well.
The use geo location devices (phones) and also check the IP, I live directly on ny/nj border could not go online when casino gamling started in nj because it is not super acurate.
Football is going to be ruined. The political kooks are inserting themselves into it. The non-football loving grubby lawyers, accountants, marketers are stretching it to deformity. Politicians want to suck money out of it after watching all the other parasites getting rich. The gambling/vice crowd attaching itself to football will open the door to more vermin and manipulation. People should just enjoy sports without all the fantasy bologna. Americans need more fantasy like the NFL needs more cancer gear
You can argue all you want about whether or not gambling should be regulated, but if it is going to be regulated, it needs to all be regulated the same.
Assuming this is a serious question, the difference is fairly large. When you invest in the stock market you receive an ownership claim to a company, backed by the assets of that company. You have to right to sell or not sell that claim at any time, and the company is legally obligated to operate with your interests in mind.
In addition, the stock market is not a 'zero sum' game like gambling organizations are. It is not necessary for someone else to lose in order for you to win. In fact everyone who has invested in stocks that are representative of the market over the last 20, 40, 80 years has made a profit.
That being said, certain market related activities, like shorting or options trading do tend to smell a bit more like gambling in the traditional sense.
I'm assuming all of the other more pressing government business in NY is done, right?
Negative sir, Federalism dictates states regulate this issues as they see fit. Stop living in stupid states if you don't like the laws.
Well unless its interstate commerce, in which case the Constitution specifically says that Congress can regulate it. Its hard to argue that gambling on a nation wide FB league over a nation wide telecommunications network isnt interstate commerce.
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