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

Typhoon Hato Batters Gambling Mecca of Macau

Typhoon Hato Batters Gambling Mecca of Macau

A powerful typhoon caused at least three deaths Wednesday in Macau, according to local authorities in the Chinese gambling enclave.

Outside Experts Share Insights at Global Gaming Expo 2017

Global Gaming Expo (G2E), presented by the American Gaming Association (AGA) and Reed Exhibitions, will bring in leaders from neuroscience, marketing and generational studies to share their knowledge on how casino professionals can sharpen their leadership skills.

Paddy Power Pays Out £250,000 Early on Mayweather Bets: Under Fire for ‘Racial’ Promo

Paddy Power Pays Out £250,000 Early on Mayweather Bets: Under Fire for ‘Racial’ Promo

“We Always Bet on Black” advert has folks furious at betting firm

Vegas to Debut First Free-Roam Virtual Reality Arena at MGM Grand Hotel and Casino

Vegas to Debut First Free-Roam Virtual Reality Arena at MGM Grand Casino

Vegas' first multi-player free-roam VR experience inside LEVEL UP gaming lounge unveiled September 8.

Vegas Officer Arraigned on Manslaughter Charge in Chokehold Death

Vegas Officer Arraigned for Manslaughter in Chokehold Death

A suspended police officer has been arraigned on a manslaughter charge in the chokehold death last May of an unarmed man he chased out of a Las Vegas Strip casino.

Syndicate