Take a few bucks and ask a lawyer what you need to run your business. Its definitly worth it and may save you from a lot of troubles.
Running your business with missing licenses/registrations/... is definitly not a good idea, especially in the US
Topic: Creating a Daily Fantasy Site - page 2. (Read 294 times)
Do you need license(s) to create a daily fantasy site? Since it's not entirely a casino, but it is gambling, does it require the same licenses (in the U.S.)? You also don't exactly need money backed behind it to start one since you can just have paid events you're charging fees on with no guarantees. Obviously there's ways to attract customers, just curious what all goes into creating one.
Do you mean a fantasy league type of site ? I do not think that you need any type of license for it but it is not a gambling.
If you are creating a gambling site in the US, you definitely have to register it. In many other parts of the world you can get along without informing the authorities but US has strict law enforcing agencies and you can't risk anything illegal.
I think it depends on the State you are in. Some states require a license while others do not require any. For example as of June 2016, one did not need a license to run a DFS in Colorado while in California, you would need one.
I dunno how updated this article is but you might wanna look at it: https://www.gambling.com/laws/dfs-legislation
I dunno how updated this article is but you might wanna look at it: https://www.gambling.com/laws/dfs-legislation
Do you need license(s) to create a daily fantasy site? Since it's not entirely a casino, but it is gambling, does it require the same licenses (in the U.S.)? You also don't exactly need money backed behind it to start one since you can just have paid events you're charging fees on with no guarantees. Obviously there's ways to attract customers, just curious what all goes into creating one.
I have no too much information about this but still can confirm you that you don't need any license for any type fantasy league site because its not gambling its game of skills, so its not covered under anti-betting laws. As long as it's a gambling, you will need a license to run it legally as a business in any jurisdiction you intend to offer the services. I am not sure if such license is available in most states in the USA. But you will surely need a license.
does it follow all the same casino rules/laws, considering the game isn't really based off of luck and considered more of a skill game? I believe it's still state limited, as not all states allow DFS -- however, I do feel that's been a proposed counter-argument to allow DFS in all regions.
Let's say I have a site, I'd like to run my own real-money contests; I know NJ is legal, so what licenses would I need to operate? Does anyone know the list or have information on this?
Can you be in the United States and run an off-shore operation? As in, run my services through Costa Rica or some off-shore location, and still be the owner in the US -- even though "I" couldn't play on my own service?
As long as it's a gambling, you will need a license to run it legally as a business in any jurisdiction you intend to offer the services. I am not sure if such license is available in most states in the USA. But you will surely need a license.
Do you need license(s) to create a daily fantasy site? Since it's not entirely a casino, but it is gambling, does it require the same licenses (in the U.S.)? You also don't exactly need money backed behind it to start one since you can just have paid events you're charging fees on with no guarantees. Obviously there's ways to attract customers, just curious what all goes into creating one.
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