Of course you know that the topic of online sports betting has been the subject of a fair amount of media attention as of late. Perhaps even more so as of late since in fact the United States is in the midst of what looks to be a contentious election year. That being said, do understand there is what many consider to be a fundamental definition that is yet undecided by parties on either side of the aisle.

That as yet undefined definition is about the topic of daily fantasy sports betting. Certainly most everyone agrees what and how sports betting, either at your favorite online sports betting site or your favorite land based sportsbook works and what it means. Fantasy sports betting or as is the case most recently, daily fantasy sports betting? Not so much.

You probably have seen one side or the other debating whether or not daily fantasy sports betting is a skill or whether it is nothing more than outright gambling. First, a bit of background on current U.S. law as it relates to sports betting of any type. As of this writing, the 1961 Federal Wire Act prohibits the transmission of any information related to sports betting. That would seem to be a clear example of a Case Closed argument. Interestingly, other online gambling actions are not in fact prohibited.

All that being said, the current discussions showing up all over the country is about whether or not Daily Fantasy Sports Betting is a game of skill or not. You see, quite a number of people view daily fantasy sports betting as much more of skill based activity. In other words, in the most simple of terms it works out like this. If over some period of time, you can eventually become a better daily fantasy sports bettor and demonstrate proven and measurable winning results that would clearly seem to indicate a game of skill.

One relatively new wrinkle in this argument is a report from McKinsey and Company that took a good hard look at daily fantasy sports betting and produced some rather startling conclusions. That is, McKinsey showed that 91% of Daily Fantasy Sports bets were won by only 1.3% of those placing the bets. It turns out that those winning the most at daily fantasy sports betting are using sophisticated algorithms to track the weaker players.

Does this help the sports betting industry or not? Whatever the answer turns out to be, it is quite clear that U.S. legislators cannot just push this topic under the rug and hope it goes away.

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