Mark Cuban Says Texas AG Needs to Stop ‘Grandstanding’ in Wake of DFS Decision

Written by:
Aaron Goldstein
Published on:
Jan/20/2016
Mark Cuban Says Texas AG Needs to Stop ‘Grandstanding’ in Wake of DFS Decision

Texas Attorney General Ken Paxton declared daily fantasy sports illegal in his state Tuesday, putting more pressure on the embattled industry and leading sites DraftKings and FanDuel.

Ad: Bet Live In-Play, Up to $2500 Free Cash at Bookmaker, Since 1986

"It's my duty as Attorney General to look to the law, as passed by the people's representatives, to answer the questions put to this office," Paxton said in a statement. "Paid daily 'fantasy sports' operators claim they can legally operate as an unregulated house, but none of their arguments square with existing Texas law. Simply put, it is prohibited gambling in Texas if you bet on the performance of a participant in a sporting event and the house takes a cut.

"These sites are also wrong in claiming an actual-contestant exception, which applies only to contestants in an actual skill or sporting event," Paxton added. "And unlike some other states, Texas law only requires 'partial chance' for something to be gambling; it does not require that chance predominate."

Interestingly enough, the Fantasy Sports Trade Association is holding its winter meeting in Dallas with Mavs owner Mark Cuban the keynote speaker.

"If Attorney General Paxton is truly concerned about the small businesses that operate in Texas and the millions of people in Texas who enjoy fantasy sports, he would stop grandstanding and start working with the FSTA and the Texas Legislature on common sense consumer protection issues like those being proposed in Massachusetts, Florida, Indiana, Illinois, California and other forward-looking states," the FSTA said in a statement. "Paxton's deliberate misinterpretation of existing Texas law represents the type of governmental overreach that he himself professes to reject. The FSTA vehemently opposes today's opinion.”

- Aaron Goldstein, Gambling911.com

Gambling News

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

Why are the national gambling companies Caesars (CZR) and Penn National (PNG) underperforming with their sportsbook operations both in Pennsylvania and New Jersey when compared to regional companies?

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

You can bet the 2019 Magic - Arena Mythic Invitational online.  Scroll down for all odds to win or go here now to find live odds and bet

Google Introduces New Gaming Platform Stadia

Google Introduces New Gaming Platform Stadia

Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business.

New York Sportsbooks Unlikely in 2019

New York Sportsbooks Unlikely in 2019

Gov. Andrew Cuomo sounded doubtful that sports betting would come to fruition in New York State this year, music to the ears of offshore sportsbooks with most sites accessible to New York residents. 

Alleged Mob Boss Murderer Likely Dead Meat

Alleged Mob Boss Murderer Likely Dead Meat

Anthony Comello is suspected of murdering 53-year-old mob boss Francesco “Franky Boy” Cali, but prison may be the safest place for him as sources close to the Staten Island police say the cold blooded killer "has an X on his back".

Syndicate