fanduel-backs-brand-new-us-regulatory-moves

Fantasy sports gaming company FanDuel has said it welcomes moves by US officials to tighten up industry guidelines.
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The followed the attorney general of Massachusetts, external proposed new rules which would ban people under the age of 21 from playing paid fantasy sports games.

The regulations would likewise require protection of players' deposits and "robust" information and security procedures.
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They also seek to ensure "more honest advertising" and more openness.

FanDuel said the approach towards controling fantasy sports made "an incredible quantity of sense".

Officials in several states have been taking a strict approach to the market, arguing that paid daily video games amount to gaming.

'Cease and desist'
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Last week, the fast-growing Scottish-American tech firm was served with a stop and desist notice by regulators in New York, successfully informing it to stop taking cash in the state.

The leading district attorney argued that dream sports companies were running prohibited gaming operations.

FanDuel - a leading gamer in the US fantasy sports company - suspended entry to paid contests for individuals situated in New york city pending the result of a court hearing next week.
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It also introduced a petition urging opposition to "any procedure that would prohibit online dream sports".
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In the current development, the attorney general's workplace in Massachusetts said an evaluation it had actually performed had "uncovered a number of issues" about the sector's service practices and "the capability of consumers to have a fair shot while playing these video games".

Attorney General Of The United States Maura Healey said: "These policies are a very first of their kind for the day-to-day dream sports market, and they focus on safeguarding minors, guaranteeing truthful marketing, bringing more transparency to the market, and levelling the playing field for all consumers."

"this promotion code is a primary step, but an essential action, as we continue to examine this promotion code new market and make sure our laws stay up to date with these progressing technologies."

'Tremendous sense'
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Reacting to the announcement, FanDuel stated: "Attorney general of the United States Healey's technique towards regulating fantasy sports makes a remarkable amount of sense - it provides strong securities for customers and permits sports fans to continue doing something they enjoy.
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"FanDuel thinks that policies which increase openness and ensure contests are reasonable will benefit the whole fantasy market.
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"We appreciate that there will be a public notice and comment duration to gather input from all pertinent parties and FanDuel will send our comments to the policies in the next 60 days.
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"We likewise bet9ja's welcome offer the chance to deal with lawyer generals in all states, along with other lawmakers, to implement reasonable policies that benefit both customers and sports tech innovators."

FanDuel was founded in Edinburgh in 2009 by business owners Nigel and Lesley Eccles, however only runs in America and Canada.

The set still live in the Scottish capital, although the site's headquarters remain in New York.
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