Florida Regulators Tell Some Fantasy Sports Firms to Cease Operations
The Florida Gaming Control Commission has sent cease-and-desist letters to three fantasy sports operators that allow players to bet against the house. Traditional DFS (daily fantasy sports) games are played among pools of players or peer-to-peer. The Florida Gaming Control Commission has sent cease-and-desist orders to three fantasy sports companies that run pick’em contests. State regulators say the prop-like bets violate Florida law. (Image: Casino.org) Known as “pick’em” fantasy sports, players on such apps bet whether a roster of players they assemble will go over or under a point total calculated by the operator. In Florida, three companies have run such games, including PrizePicks, Betr, and Underdog Fantasy. On January …