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Source link: http://archive.mises.org/5417/fantasy-sports-leagues-are-to-gambling-as-powerball-is-to/

Fantasy Sports Leagues are to Gambling as Powerball is to…

August 2, 2006 by

Courtesy of OverLawyered comes word that a class-action law firm is suing the likes of ESPN, Viacom, and several others, “alleging that participation in the thriving field of fantasy sports leagues violates the anti-gambling laws of New Jersey.”

And they want some ducats as well:

The complaint asserts a right to recovery under qui tam (bounty-hunting) laws of Illinois, Georgia and the District of Columbia which allow random outsiders to file lawsuits to recover moneys reaped by way of unlawful gambling.

So what objective line differentiates legal and legitimate forms of gambling from the illicit variety? Why aren’t predictions markets and exit-polling not a form of gambling? After all, don’t media outlets such as CNN benefit from an attentive audience every election? What of futures markets or speculation in general?

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{ 3 comments }

fancyleprachaun August 3, 2006 at 1:49 am

I got three-to-one the case will be dismissed before reporters are done unpacking their vans.

Yancey Ward August 3, 2006 at 8:43 am

Indeed, the case itself is a gamble- if they don’t win, then they have fronted money, but received no reward.

anarkhos August 3, 2006 at 3:28 pm

“So what objective line differentiates legal and legitimate forms of gambling from the illicit variety?”

If the cronies aren’t being paid, it’s illegal.

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