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NV Fantasy Sports Ruling Comes Amidst NJ's Betting Bid

Nevada's recent crackdown on fantasy sports operations could have a beneficial effect on New Jersey's latest bid to legalize sports betting, according to lawyers involved in the gaming industry.

The lawyers said the major sports leagues ' the National Football League, Major League Baseball, the National Basketball Association and the National Hockey League ' may find it more difficult to argue that sports betting should not be legalized when they themselves are now tied financially to DraftKings and FanDuel, which in October the Nevada Gaming Commission declared to be sports betting websites. The Nevada Gaming Commission ordered the two sites to halt operations in that state until they are licensed. According to media reports, the federal government has launched investigations and several states into whether DraftKings and FanDuel are engaged in unregulated sports betting, and whether employees used inside information for financial gain.

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