Analyzing the Latest Developments in the Fantasy Sports Industry
By David Klein, of Klein Moynihan Turco LLP
Late last week, reports surfaced that the United States Attorney’s office in Tampa, Florida has convened a federal grand jury to consider whether daily fantasy sports operators are in violation of the Illegal Gambling Business Act (IGBA). It remains unclear though whether federal prosecutors are targeting a specific fantasy sports operator or the industry as a whole.
What is the IGBA and how could fantasy sports be in violation of the