DraftKings and FanDuel are authorized in Virginia
Virginia’s Basic Meeting just lately despatched the Fantasy Sports activities Act to governor Terry McAuliffe, and now that he is signed, it’s the first state with every day fantasy regulation on the books. Highlights of the invoice embrace a $50,000 registration payment for corporations like DraftKings and FanDuel and age restrictions on gamers (you have to be 18, very similar to playing). Oh, and in a nod to the mess that put the business within the highlight: staff and their family members cannot play in any contests. What’s extra, website operators have to maintain participant and operational funds separate along with retaining knowledge safe.
DraftKings itself provided a press release thanking the governor, calling the invoice “considerate and applicable” when it comes to defending the rights of gamers. He has good cause to be glad: this marks the primary state that is out and out acknowledged every day fantasy play as a authorized exercise.
The corporate just lately stated it’d battle the Texas ruling that paid sports activities betting is prohibited in Texas as nicely, whereas FanDuel conceded to cease taking paid bets within the Lone Star State altogether.