Online daily fantasy sports sites have experienced a boom over the past couple of years. What many people do not know, however, is that DFS has existed since 2007 as a means to sneak around gambling laws.
In October of 2006, the Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law. This bill essentially destroyed the online poker industry, but opened the possibility for daily fantasy sports websites to exist. The legality of daily fantasy sports often relies on whether it is a game of skill or a game of chance. The latter would make it illegal in the US, but many states have accepted the skill it takes to play DFS as legitimate, and have legalized and regulated internet daily fantasy sports.
Over the past 12 years, a number of daily fantasy sports websites have been created, with two of them dominating most of the market. These two websites are now estimated to be worth more than $1 billion each, with annual revenues in the hundreds of millions.
Daily fantasy football is undoubtedly the most popular daily fantasy sport in the US, but daily fantasy baseball, daily fantasy basketball, daily fantasy soccer, and many others are played by millions of people around the world.
GamingZion has researched the legality to play daily fantasy sports from countries around the world. Click on your country to find out whether you can take part in one of the most exciting news forms of online sports wagering!