Latest in Culture

Image credit: Associated Press

DraftKings and FanDuel are legal in Virginia

The Fantasy Sports Act will require sites to pay a $50,000 registration fee and ensure players are 18.
10 Shares
Share
Tweet
Share

Sponsored Links

Associated Press

Virginia's General Assembly recently sent the Fantasy Sports Act to governor Terry McAuliffe, and now that he's signed, it is the first state with daily fantasy law on the books. Highlights of the bill include a $50,000 registration fee for companies like DraftKings and FanDuel and age restrictions on players (you must be 18, much like gambling). Oh, and in a nod to the mess that put the industry in the spotlight: employees and their relatives can't play in any contests. What's more, site operators need to keep player and operational funds separate in addition to keeping data secure.

DraftKings itself offered a statement thanking the governor, calling the bill "thoughtful and appropriate" in terms of protecting the rights of players. He has good reason to be glad: this marks the first state that's out and out recognized daily fantasy play as a legal activity.

The company recently said it'd fight the Texas ruling that paid sports betting is illegal in Texas as well, while FanDuel conceded to stop taking paid bets in the Lone Star State altogether.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
10 Shares
Share
Tweet
Share

Popular on Engadget

Master & Dynamic's MW07 Plus are much-improved true wireless earbuds

Master & Dynamic's MW07 Plus are much-improved true wireless earbuds

View
Master & Dynamic's MW07 Go is a $199 AirPod alternative

Master & Dynamic's MW07 Go is a $199 AirPod alternative

View
California's statewide earthquake alert system launches Thursday

California's statewide earthquake alert system launches Thursday

View
Skydio's station lets self-flying drones work around the clock

Skydio's station lets self-flying drones work around the clock

View
‘Harry Potter: Wizards Unite’ gathered location data while users slept

‘Harry Potter: Wizards Unite’ gathered location data while users slept

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr