Posts Tagged ‘Paul Charchian’

Is Fantasy Sports Web Betting Legal?

by , Feb 4, 2013 | 1:00 pm

FTSAIt’s a question that most attendees of the Fantasy Sports Trade Association Winter Conference in Las Vegas didn’t want to answer: Are some fantasy websites walking a thin line between gambling and fantasy sports when it comes to marketing their websites?

The question pertains to a new and profitable trend of daily betting sites such as Cantor Fantasy, Fan Duel, Fan Ball and Draft Day that process millions of dollars in transactions between players who organize and bet on new lineups.

“We support daily game companies,” Paul Charchian, president of the Minneapolis-based FSTA, told about 200 conference attendees Tuesday at The Mirage. “By far, daily games are the fastest growing part of our business. Don’t (mess) it up.”

Charchian said he was concerned that some daily sites are marketing themselves like offshore sports books did before the federal crackdown in 2006. He urged them to be “much more conscious about creating consumer confusion.”