ANNAPOLIS, Md. — A Maryland legislative panel is scheduled to discuss concerns about daily fantasy sports.
The Joint Committee on Gaming Oversight is scheduled to meet in Annapolis Monday.
In 2012, Maryland enacted a law legalizing fantasy sports betting. But it was largely tailored to apply to small social groups that play all season long, not the new industry that regulators in other states have been grappling with in recent months.
Daily fantasy sports allow people to deposit money in accounts and create fantasy rosters of sports teams by selecting real players. They then compete to win money against other contestants based on their players’ statistical performances.
Companies like Boston-based DraftKings and New York-based FanDuel contend their websites aren’t gambling, are legal, and were exempted from a federal online gambling prohibition in 2006.
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