Its proving to be quite the hot topic a the moment, i recently read a great article posted on engadget briefly talking about the whole fantasy scene in general and what issues its causing around the legality of these types of games. If your interested you can read the article here. After quite some time of heavy advertising the fantasy scene is booming with popularity, highly focused in the US market at the moment, other countries are developing their own local version of a Fanduel / DraftKings equivalent.
My good old source of user driven information Wikipedia should help us give a clear overview of the defintion of each.
According to Wikipedia, a Game of Skill is a game where the outcome is determined mainly by mental or physical skill, rather than by chance.
And a Game of Chance is a game whose outcome is strongly influenced by some randomizing device, and upon which contestants may choose to wager money or anything of monetary value.
How does it compare to poker?
Another common question is, how some people perceive that poker is a game of skill. Looking into this subject i came across a paper that question exactly that, the experiment pitched 150 experts against 150 non experts, and by playing fixed hands in each game the results of experts vs non experts we're not that dissimilar, thus they argued that poker is largely classed as a game of luck.
So which is it?
After raising such a high profile in the US, the big question now is 'does fantasy sports require a license', to clarify this kind of question it basically comes down to how a game is classed, is it a game of skill or a game of chance.
I'll be a fool to think that there is not some 'skill' that comes into play when picking a fantasy team, but there is no denying the fact that even though there is some skill involved in choosing a team, those statistics brought through are based on a game of chance, where the outcome can easily change skill or no skill.
The Geographical Differences
Regardless of what type class fantasy currently falls under, there is no getting around the fact that geographically laws are different, whether that be state to state or country to country, laws around this matter differ dramatically.
Looking ahead at the future, it will be interesting to see which laws change to class Fantasy as a game of chance, thus requiring a gambling license, more importantly how these existing companies will change / pivot.
What are your thoughts?
We would love to get some feedback on this issue, do you think its legal and should be allowed? or are you against it? or do you sit on the fence and don't mind? either way we'd love to hear from you.