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Quick question for you guys: what's are the legal rules regarding paying to enter a game and winning money from it? Did you have to jump through any hoops to make that work?


Nevermind, I can answer my own question (via the TechCrunch article):

"Now all this may sound fine playing fantasy sports for fantasy dollars, but doesn't bringing real money into play amount to internet gambling? No, says co-founder Matt Maroon, who points to the fantasy sports exemption in the "Internet Gambling Prohibition and Enforcement Act". The act, which was a big blow to sites like PartyPoker, specifically exempts "participation in any fantasy or simulation sports game or educational game or contest". Fantasy sports is seen as a game of skill and played for a fixed cash prize. Although a quick perusal of the exemption leaves you feeling they're at least bending the rules."




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