Steve Heston

Bobby Kennedy's War on Fantasy Sports

Yahoo, DraftKings and Fan Duel agreed this week to stop taking fantasy sports bets in New York, which joined Texas, Illinois and four other jurisdictions that already classify the activity as an illegal form of gambling. Maryland might go the same direction with a proposed ballot measure in November. Smith School professor Steve Heston traces the growing feud to the Interstate Wire Act of 1961. Read more...

Fantasy Sports and Other Strange Gaming Tales

Tax attorneys will be busy in April looking for creative workarounds and exemptions to keep their clients legal. Something similar happens year-round in the gaming industry, where a complex patchwork of laws leaves ample room for interpretation. Fantasy sports contests benefited from one such loophole. Smith School professor Steve Heston says the market quickly evolved into something much different than the earliest leagues organized by recreational players. Read more...

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