Nevada's Gaming Control Board has reportedly ordered the closure of fantasy sports sites like FanDuel Inc. and DraftKings Inc., stating that these sites will no more be allowed to operate without a gambling license. The decision comes in the wake of reports that employees also often played on competing sites, raising questions about possible insider information being used to win.
Chairman of Gaming Control Board A.G. Burnett stated that daily fantasy sports constitute gambling and therefore operators must own a sportsbook license in order to legally offer the same in Nevada.
Read more: http://www.nasdaq.com/article/gambling-stock-roundup-nevada-gaming-board-shuts-fantasy-sports-sites-wynn-resorts-posts-mixed-results-cm532117#ixzz3p9E2eBVJ
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