Illinois’ attorney general says betting on daily fantasy sports is illegal and that’s got the industry’s future in legal limbo. IPR's Michael Puente reports.
Fan Duel and Draft Kings are the big wigs in the daily fantasy betting world.
Customers winnings are based on the achievements of real players on virtual teams.
From Attorney General Lisa Madigan’s view, that’s gambling and it’s illegal.
It’s unclear how the companies plan to proceed in light of Madigan’s ruling released Wednesday.
Democratic Illinois state Rep. Mike Zalewski hopes to make fantasy betting legal through a bill he’s introduced.
ZALEWSKI: It’s not your typical run in the mill gambling but I understand why it’s categorized like that and that’s why we need clarity in the law.
Several other states including Nevada and New York outlaw fantasy sports betting.