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by yazriel 3769 days ago
Just make sure you have an over night bag ready ;)

Prediction market have been declared illegal in the US.

UIGEA carve out is specifically restricted to sports and scoring related simulation (guess who lobbied for it).

This is regardless of various state-specific laws, as well as the current daily-league legal battle.

Any futures trading is also regulated by the CFTC

1 comments

Haha I hope it doesn't come to that. In the excerpt above, it states "participation in any fantasy or simulation sports game or educational game or contest". There are also other non-sports related fantasy websites such as Celebrity Fantasy Draft which have won awards from the Fantasy Sports Trade Association. We, and our lawyer, did not think that this violated the law.

As mentioned in other comments, we do not allow players to "cash out" if they are from states in which fantasy is banned. This is similar to what DraftKings and FanDuel do.

Does that address your concern?