Fantasy Football: Illegal Loophole or Fun Activity?
By Tayte Barbieri
Many people who regularly play online Fantasy Football would refer to it as just a simple hobby to make their day less mundane and stale. Others would call it an illegal gambling loophole that needs to be abolished. Fantasy football is technically a game that is based on skill, and that is what the entire enterprise is holding on to.
“What people don't realize about gambling whether you're betting one side against the other, you got to spend a lot of time doing research,” former KNBR radio host Ralph Barbieri said. “If you keep this in control it's pretty harmless.”
Judges in New York and Nevada have recently deemed daily Fantasy Football illegal,and therefore have been attempting to start trial hearings, and they believe that Fantasy Football, or at least the daily betting aspect, need to be regulated.
Aside from online Fantasy Football, there are office betting leagues and friends’ leagues, where a people throw in a few bucks to enter a league, and the winner of the league wins the whole pool. This type of Fantasy Football is completely legal.
A 2016 study found that roughly 57.4 million people will participate in Fantasy Football, and there will be around $31.9 billion in online gambling for Fantasy Football. Productivity is a crucial part of any job and there will be $16.8 billion dollars lost in productivity in 2016. Some precautions have been taken by employers such as what type of gambling is allowed, and that they cannot interfere with work time to play Fantasy Football.
Fantasy Football is a fun hobby in moderation, but when excess amounts of money are put down that's when troubles start to occur.