Gray Hearing on Daily Fantasy Sports Illuminates Regulatory Gap
(Sacramento) – Assemblymember Adam C. Gray (D-Merced), Chair of the Assembly Governmental Organization Committee, held an informational hearing on the Daily Fantasy Sports industry. The hearing, “Overview of the Daily Fantasy Sports Industry – The Legality, Regulatory Oversight and Consumer Protections,” informed the Legislature and the public on the inner workings of this unregulated and lucrative industry. “In California, we have an opportunity to lead the way and to set the tone for how to balance consumer protections with consumer demand,” said Chairman Gray. “Daily Fantasy Sports betting is happening in California, whether we like it or not. This is an unregulated, billion dollar industry that should be subject to similar regulations faced by other gaming activities so as to ensure a safe environment for gambling.” Learn more in this Assembly Access video.