Show HN: FantasyPollster – “DraftKings for Political Elections”

https://fantasypollster.com

by liamcardenas • 10 years ago

8 6 10 years ago

fantasypollster.com

minimaxir• 10 years ago

We offer fun, predictive, skill-based competitions with static entry fees and static prizes.

Have you run that by a lawyer?

liamcardenas3• 10 years ago

Yes, we have! Our games are in compliance with the Unlawful Internet Gambling Enforcement Act of 2006.

Notice that our games have static entry fees, static numbers of participants, and static rewards. The game for each state is based on the accumulated statistics from each precinct of the state.

For those who are curious, this is the exception of the law under which we fall:

(ix) participation in any fantasy or simulation sports game or educational game or contest in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of an actual team that is a member of an amateur or professional sports organiza- tion (as those terms are defined in section 3701 of title 28) and that meets the following conditions:

(I) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest and their value is not determined by the number of participants or the amount of any fees paid by those participants.

(II) All winning outcomes reflect the relative knowledge and skill of the participants and are determined predominantly by accumulated statis- tical results of the performance of individuals (ath- letes in the case of sports events) in multiple real- world sporting or other events.

(III) No winning outcome is based—

‘‘(aa) on the score, point-spread, or any performance or performances of any single real-world team or any combination of such teams; or ‘‘(bb) solely on any single performance of an individual athlete in any single real-world sporting or other event.

(https://www.gpo.gov/fdsys/pkg/STATUTE-120/pdf/STATUTE-120-Pg...)

ellius• 10 years ago

Exemption from that particular law doesn't necessarily protect you from other anti-gaming statutes, especially at the state level, which is exactly what is playing out right now in this space.

yazriel• 10 years ago

Just make sure you have an over night bag ready ;)

Prediction market have been declared illegal in the US.

UIGEA carve out is specifically restricted to sports and scoring related simulation (guess who lobbied for it).

This is regardless of various state-specific laws, as well as the current daily-league legal battle.

Any futures trading is also regulated by the CFTC

Show HN: FantasyPollster – “DraftKings for Political Elections”

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