Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 105. (Read 243361 times)

There are several states in the US where Fantasy Sports -with entry fee- is or may be considered gambling, therefore illegal. Specifically Arizona, Iowa, Louisiana, Montana and Washington.

Breakout Gaming is an official member of the Fantasy Sports Trade Association (FSTA), along with such companies such as CBS sports, Directv, Microsoft,  NFL, etc..  

http://fsta.site-ym.com/?page=FSandGambling

WHY FANTASY SPORTS IS NOT GAMBLING
It's A Game of Skill

Fantasy sports leagues are games of skill. Managers must take into account a myriad of statistics, facts and game theory in order to be competitive. There are thousands of websites, magazines and other such publications that seek to synthesize the vast amounts of available fantasy sports information to keep their readers informed and competitive. A manager must know more than simple depth charts and statistics to win; they also must to take into account injuries, coaching styles, weather patterns, prospects, home and away statistics, and many other pieces of information in order to be a successful fantasy sports manager.


The highest level competition of fantasy sports games (such as the National Fantasy Baseball Championship at http://nfbc.stats.com) routinely sees top players win games more frequently than if the contests were random or highly based on chance. It's a pattern that has been repeated with many fantasy sports contests and competitions: the highly skilled fantasy player wins more frequently.



The Federal government Does Not Define Fantasy Sports As Gambling.

The Unlawful Internet Gambling Enforcement Act of 2006 included "carve out" language that clarified the legality of fantasy sports. It was passed by Congress and signed into law on October 13, 2006 by President George W. Bush. The act makes transactions from banks or similar institutions to online gambling sites illegal, with the notable exceptions of fantasy sports, online lotteries and horse/harness racing.


The bill specifically exempts fantasy sports games, educational games or any online contest that "has an outcome that reflects the relative knowledge of the participants, or their skill at physical reaction or physical manipulation (but not chance), and, in the case of a fantasy or simulation sports game, has an outcome that is determined predominantly by accumulated statistical results of sporting events, including any non-participant's individual performances in such sporting events..."

We wouldn't want investors in BRO to lose 20 BTC, would we?

But you are right, sorry for the off topic.

Everyone knows that "crimes of money" (and many times others too) don't automatically mean prison in the US... unless you are poor. But it shut their business and cost them $731 million to avoid the bars... I doubt this project can afford to even contemplate such an outcome but then again what do I know?

You, on the other hand, own all of PESA already ...

Yeah, well the US gov't is doing such a good job at arresting anyone.  I've been playing poker and sports betting on Bodog (Bovada) for years and Calvin Ayre is still partying it up as a free man.    Nobody actually did any prison time from the PS, FTP,AP event. Howard Lederer is still playing in the WSOP FFS. 

I believe clarity benefits everyone: Not only poker but any kind of bet for money whatsoever, would be illegal in ALL of the United States and related territories.

They have already stated that poker won't be available to the U.S.  Trust me, I remembered. 

NEWLY created FUD accounts specifically created with the intention of spreading FUD and doing harm will be deleted.  Regardless, we still answered all the questions in a following post.

This has been written repeatedly, We are only offering our games in LEGAL-TO-PLAY markets.     In the US only Fantasy Sports/Skill games will be available.  

so your new to cryto, and this is your first question? you must be a fast learner.

With all due respect for Mr. Gzesh's knowledge, this is THE LAW: https://www.fdic.gov/news/news/financial/2010/fil10035a.pdf

Additionally, I am quite sure Mr. Gzesh is aware of the outcome of the federal prosecution of PokerStars, Full Tilt Poker and Absolute Poker.

Will watch this one!

this is news to me.

please use this thread for anything goes discussions:

https://bitcointalksearch.org/topic/breakoutcoin-discussion-thread-813333

Gzesh covers US markets earlier.  I also quoted his introduction.

Yes it has.  Several posts linking to old stories about some of the poker players were deleted.  So was my first post here, asking why.  I'm new to crypto. 

seriously move one...  that quote was from a different thread, that was replaced with this one.  just move on, your really off base here. nothing is being censored.  https://bitcointalk.org/index.php?topic=808595.msg9060864#msg9060864

well this can turn good.

That's what makes it peculiar... And the post was quite on topic. Check it for yourself, it's at the very beginning (first page). You guys fully quote the post but have actually deleted it.

Ah the ubiquitous FUD... you can just go right ahead and delete my uncomfortable posts with all those pesky questions. The FUD excuse is old, very old.

ok. now your just spreading FUD. op said it can be deleted because its off topic... bottom line, no-one is trying to hide anything. why would I quote a post im trying to hide?