Many states in the country have banned daily fantasy sports websites including New York and Nevada. Set to be managed under the purview of the Iowa Racing and Gaming Commission that also regulates casinos in Iowa, the proposal to pass the bill is already in process, according to The Gazette.
“Americans with betting ambitions can make money on the site on monthly basis just with their predictions and without losing a coin,” – says company’s project manager Alexander Kostin.. The attempts to address issues regarding fantasy sports have been ongoing for four years in the state and “The concessions both sides have made have been good,” .according to Rep. According to The Verge, Virginia is the first state to pass a law that legalizes and regulates fantasy sports betting.
Considered to be a multi-billion-dollar industry nationally, fantasy sports are immensely popular among adults in the state where over half of the population have been found to have gambled in the past years. Lisa Madigan, the Attorney General at Illinois also added that daily fantasy sports betting are illegal in the state but a bill to pass it is pending. Highfill.
While several problems related to finances and family lives have been reported because of gambling, Betting Expert opens up opportunities to let people enjoy betting without having to lose any money.
Though fantasy sports betting is illegal in most states in the United States, Betting Expert, a site run by the Danish entrepreneurs and investors Jesper Søgaard and Christian Dam Rasmussen users with some alternatives to make money by only predicting on fantasy sports including NFL, NHL, and Premier League among others.
Legislation is in the process of establishing taxes and fees to start fantasy sports wagering in Iowa. Lawmakers in the state are working on a bill that is said to legalize fantasy sports wagering in the state