Arizona has legalized fantasy sports betting!

[OgNasty]

I’m just now finding out that last week Arizona changed their stance on sites like DraftKings for online sports betting. It seems like states are legalizing things that bring them revenue at a pretty good clip. I’m particularly happy about this one though, as I’ve had money stuck on my DraftKings account for a long time now. I might have to get into fantasy sports.

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[Botnake]

Hi OgNasty, can you give an example of popular fantasy sports betting? I gotta be honest, I heard of this but I have not played this type of game and I don't know what kind of betting sites in the crypto space that are offering this kind of game.

Also, can I request the link to the full story or news, I'd love to read the full details regarding this.

[hello_good_sir]

Yeah, really good news.

Really a shame that DK had to deal with this regulatory garbage for such a long time and it's a deserved break I think.

It doesn't matter what state, people need to be able to choose for themselves and weigh up the options against each other with their free will. Makes no sense to keep that choice away from them imho.

[madnessteat]

This is great news. In my opinion, betting in fantasy sports is more attractive for players because it minimizes the possibility of various kinds of manipulation in the sport of fake matches, etc. I believe that over time, this area of gambling will become more widespread.

[alegotardo]

Hi OgNasty, can you give an example of popular fantasy sports betting? I gotta be honest, I heard of this but I have not played this type of game and I don't know what kind of betting sites in the crypto space that are offering this kind of game.

Also, can I request the link to the full story or news, I'd love to read the full details regarding this.

Even if the question was not directed to me, I will take the liberty of answering you...

In a fantasy tournament, managers form virtual teams of real players who participate in a sporting event or championship. They receive points depending on the results athletes demonstrate in real matches. Points can be awarded for the athlete's successful actions, for example, for an assist, a reflected penalty, or a goal scored. In this case, the points can be negative for unsatisfactory game results, eg a missed penalty, a missed goal, receiving a red card.
All points are added up and, in the end, the managers, whose virtual teams were able to place them at the top of the tournament table, win.

In my country there's CartolaFC, which is a fantasy game based on the main football championship we have, it's a lot of fun play with friends.

[OgNasty]

Hi OgNasty, can you give an example of popular fantasy sports betting?

The only fantasy sports betting I've ever done has been betting on games during the NBA season using DraftKings.com.  Basically, you receive a certain amount of points to build a team.  You spend those points on different players and they earn point depending on how good they play (what stats they rack up).  Then at the end of the day your final score is compared to everyone else who built a fantasy team that day, and if you are in the top x% of teams, you receive a cash prize.  It's extremely competitive, but a lot of fun and you get to know all the players pretty well.  It also gives you something to cheer for during a game you probably would have otherwise not paid any attention to.

[Inagame]

There are other website offering fantasy sport betting and you dont have to use just DraftKings.
I see you have Stake signature and avatar, dont tell me that is legal in Arizona 

[chaser15]

I’m just now finding out that last week Arizona changed their stance on sites like DraftKings for online sports betting. It seems like states are legalizing things that bring them revenue at a pretty good clip. I’m particularly happy about this one though, as I’ve had money stuck on my DraftKings account for a long time now. I might have to get into fantasy sports.

Just confused here. Why are fantasy sports banned in that state? Everyone knows that almost all US States are gambling-friendly states and we can't compare Fantasy Sports to the usual gambling where the former is all about virtual and not actually harmless although quite stressful.

Fantasy sports is good and I have a little experience participating in it especially Fantasy basketball and Fantasy football. I was just lured by my friends who are addicted to Fantasy Sports and Trading Cards, physically and virtually.

[avikz]

News reference: https://www.azcentral.com/story/money/business/consumers/2021/09/08/sports-betting-legal-arizona-what-to-know/5772236001/

It seems, not just fantasy sports, but they have legalized the sports betting segment altogether. But unfortunately I don't see any crypto sportsbooks there, only fiat! So the news might no be enticing to a majority of us! It's just some fiat punks getting rich.

[Vaskiy]

More number of fantasy sports betting platforms are available for cash prize. It is very rare to see with cryptocurrency acceptance. In my country we've got dedicated platforms for fantasy sports betting for football, kabbadi and cricket. It is fun filled than common form of sports betting, because we choose our team picking players from both the teams playing the match. The fun part, at times the player we choose don't even get on the playing eleven.

Legalizing these services are good, but wrong way of promotion shouldn't be done. The truth about the game and how it need to be played and all should be briefed.

[Kong Hey Pakboy]

This is great news. In my opinion, betting in fantasy sports is more attractive for players because it minimizes the possibility of various kinds of manipulation in the sport of fake matches, etc. I believe that over time, this area of gambling will become more widespread.

That's for you though, I don't think not a lot of people knows about fantasy sports right now and from what I can see in some of them, I feel like it's not really fun to have bet on this sports since it can be easily rigged by a code.

[Jackl87]

Hi OgNasty, can you give an example of popular fantasy sports betting? I gotta be honest, I heard of this but I have not played this type of game and I don't know what kind of betting sites in the crypto space that are offering this kind of game.

Also, can I request the link to the full story or news, I'd love to read the full details regarding this.

Even if the question was not directed to me, I will take the liberty of answering you...

So this means that you can basically bet on the outcome of for example matchdays on sorare or other NFT based blockchain games? While i think this is an interesting idea for people that are interesting in doing that i also think this is kind of dangerous for the platforms that are offering this bets. I mean the outcome of those matches is pretty easy to manipulate in my opinion. Some bettor with a lot of money could just contact one of those sorare player and offer him 5k$ if he loses the next match where he is the big favorite and then of course bet on the loss of this player. In real sports this is pretty hard to do especially in big sports, but in fantasy sports i think this is pretty easy to do and therefore dangerous.

[timerland]

I’m just now finding out that last week Arizona changed their stance on sites like DraftKings for online sports betting. It seems like states are legalizing things that bring them revenue at a pretty good clip. I’m particularly happy about this one though, as I’ve had money stuck on my DraftKings account for a long time now. I might have to get into fantasy sports.

Yeah, it makes a lot of sense to legalize these things.

Tax revenue is obviously a huge concern that is in favour of legalising these things. Another thing is enforcement costs - there are a ton of fantasy sports sites and services that pop up each year and it's simply unfeasible to try to shut them all down if you are banning them.

Definitely the right move, and great for the players too. Gives them a lot more freedom as to what they want to play on.

[Wakate]

You are very lucky and you should try and move it out. I think each state in the United States have there own laws and cam determine what they want and what they dislike. At least gamblers will be able to continue there usual activities without having any restrictions. Since the government are in for the money, they might give more ears to firms that are ready to dance well to the tune of the music.

[Ryker1]

Well, I found it here ^{[ https://www.usbets.com/arizona-sports-betting/ ]}.
I dont know that place but I think that is a good start for them in order to boost their economy, we know that there are too many gambling operators by now who legally operate their casino and I think they belongs in this business sector that was very successful as of now. We know how widely those who are operate gambling casinos and for sure the collected tax should be also increased because of the tax. Therefore --as I can say it is really helpful if we are talking about tax.

[Johnyz]

Is there any supporting links about this one?
Though legalizing Gambling is always a good news for the gamblers especially on that area. I’m not familiar with the game but in general, this is what the gamblers wants and its good that they are slowly making things legal. This might be a reason to increase their collections in taxes, they need more funds for sure.

[samcrypto]

News reference: https://www.azcentral.com/story/money/business/consumers/2021/09/08/sports-betting-legal-arizona-what-to-know/5772236001/

It seems, not just fantasy sports, but they have legalized the sports betting segment altogether. But unfortunately I don't see any crypto sportsbooks there, only fiat! So the news might no be enticing to a majority of us! It's just some fiat punks getting rich.

This is a good news, and they might starting to study on legalizing crypto sportsbook as well as they grow and adopt the gambling activities as legal. Fantasy sports is a great place to bet, I do have some bets on this before and I really enjoy watching it as well. They might be a reason why they make such decisions to make gambling fully legal, whatever it is this is a good news to every gamblers in Arizona.

[DoublerHunter]

News reference: https://www.azcentral.com/story/money/business/consumers/2021/09/08/sports-betting-legal-arizona-what-to-know/5772236001/

It seems, not just fantasy sports, but they have legalized the sports betting segment altogether. But unfortunately I don't see any crypto sportsbooks there, only fiat! So the news might no be enticing to a majority of us! It's just some fiat punks getting rich.

This is a good news, and they might starting to study on legalizing crypto sportsbook as well as they grow and adopt the gambling activities as legal. Fantasy sports is a great place to bet, I do have some bets on this before and I really enjoy watching it as well. They might be a reason why they make such decisions to make gambling fully legal, whatever it is this is a good news to every gamblers in Arizona.

^ It is a good step for them and hopefully, other countries will probably see the potential benefits of legalizing gambling casinos so that operators will run them legally. Definitely right, there is a large revenue that the country will benefit from it and that is how it will help them to become a more progressive country because of the revenue that comes from the tax. However, they should have strictly monitor their people not to becomes addicted to gambling, it is the worst part when someone make a crime because they cant able to survive their activity in gambling.

[wxa7115]

I’m just now finding out that last week Arizona changed their stance on sites like DraftKings for online sports betting. It seems like states are legalizing things that bring them revenue at a pretty good clip. I’m particularly happy about this one though, as I’ve had money stuck on my DraftKings account for a long time now. I might have to get into fantasy sports.

Yeah, it makes a lot of sense to legalize these things.

Tax revenue is obviously a huge concern that is in favour of legalising these things. Another thing is enforcement costs - there are a ton of fantasy sports sites and services that pop up each year and it's simply unfeasible to try to shut them all down if you are banning them.

Definitely the right move, and great for the players too. Gives them a lot more freedom as to what they want to play on.

It's not really surprising that something like this is happening, almost all governments around the world are very heavily indebted and one of the ways countries tried to reduce the percentage that this represented against them was to increase the size of the economy, that way even if the level of debt was the same if the economy was growing it was easier to pay whatever loans they took.

But the pandemic increased the levels of debt and at the same time reduced the economy activity so governments all around the world are trying to find ways to increase their revenue and one easy way to do this is to legalize gambling.

[goinmerry]

I’m just now finding out that last week Arizona changed their stance on sites like DraftKings for online sports betting. It seems like states are legalizing things that bring them revenue at a pretty good clip. I’m particularly happy about this one though, as I’ve had money stuck on my DraftKings account for a long time now. I might have to get into fantasy sports.

OG, you are from Arizona? Since if you are not from that State, you can still access your DraftKings account. But if you are located there, is Draftkings allowed before since you able to open an account.

There are lots of sites offering a Fantasy Sports but not familiar for platforms that accept crypto-payments. Just weird, why online sports betting is restricted in Arizona? Or just on a specific platforms?