According to supporters of the DFS, Daily Fantasy Sports claims it is illegal because it is based on luck, while opponents of the DFS argue that they will join 16 other states that aim to regulate Daily Fantasy Sports. Last week, Michigan lawmakers announced their plans to introduce bets and federal gambling legislation to introduce this long-term gambling-related bill.
Michigan could be next week to revise current gambling laws in a way that regulates DFS within state boundaries. Local media reports Michigan is pushing to break the chain of old federal bans, also known as the Professional and Amateur Sports Protection Act (PASPA). Under the law, sports betting is prohibited in most states except for a few.
The bipartisan bill, with the necessary support in the Senate, sets fantasy sports competitions apart from games of chance, which he explained allows players to choose teams of professional athletes based on actual performance and predict their performance.
Many other states voted against the legalization of the DFS and opened up good potential for the development of the gray sector. It is an open secret that everyday fantasy sports are operating in the gray area. This means that there are no special laws about the existence of DFS and that players can still enjoy their favorite leisure time. But by regulating and taxing DFS, Michigan will protect its users from the free environment of money being leaked to gray areas.
While the bill was backed by daily fantasy sports giants DraftKings and FanDual, Detroit's MGM Grand and Grigtown Casino are at odds over Michigan's attempt to legalize the provision of sports betting contests. MGM lobbyist Tyrone Sanders described his opposition to the DFS's proposed consumer protection and penalties clause.
What Does Michigan's New Bill Say
Under the new law, all athletes who want to participate in fantastic sports competitions every day must be at least 18 years old. DFS operators will initially be able to apply for licenses that could cost $5,000 and $1,000 year-on-year.