Marc Edelman is a law professor and sports business scholar
that He specializes in sports law, antitrust, intellectual
property, and gaming law. Marc Edeleman is well known for his work on fantasy
football gambling. Marc believes that the federal and states regulations on
fantasy sports are underdeveloped as well as misunderstood. Marc believes that
the daily fantasy sports industry is being threatened by the lack of
understanding of the industry. Marc Edelman is currently the lead lawyer for DraftKings and FanDuel in their current legal battle to establish the
legitimacy of daily fantasy sports and betting. Both fantasy sports platforms
are facing legal actions due to their connection to gambling. Their business
plans have been found to be in violations of the state and federal regulations
on gambling. The lack of regulation in the daily fantasy sport industry has
lead to allegations of possible inside trading. Marc Edelman argues that the
short existing industry is amateur gambling and that the state or the federal
government should not regulate it because users receive some winnings after
every game. Marc advised DraftKings to discontinue providing services to those
states that have ruled their business practice illegal. DraftKings and other
daily fantasy sport platforms run the risk of facing criminal charges if a
state court rules daily fantasy sports advanced illegal gambling in violation
of state law. “It seems foolish to move forward and risk liability and jail
time for executives simply to retain revenues for a short time,” said Edelman,
who is a consultant to the daily fantasy sports industry and writes about it
for Forbes. Marc Edelman used the example of Jay Cohen’s WorldSportsExchange.
Jay was sent to prison for running an illegal sports gambling site in the early
2000’s.
Marc Edelman is the leading voice in
sports law and how gambling affects daily fantasy sport sites. His expertise
will provide the help needed to understand and better regulate online fantasy
sports gambling.
