DraftKings Endorses Fantasy Sports Rules

     BOSTON (CN) – DraftKings says it endorses Massachusetts Attorney General Maura Healey’s efforts to curb the impact of cash-driven daily sports fantasy games on children and gambling addicts.
     Healey last week announced regulations for same-day fantasy sports websites, including barring players younger than 21, banning wagers on college sports, and limits on how much money users can deposit for bets.
     “These are regulations that are the most comprehensive in the country, the most robust in terms of consumer protections and the rights kinds of measures to put in place to protect consumers, protect young people to ensure that we have a level playing field for those who want to play fantasy sports,” Healey said in a statement.
     Massachusetts-based DraftKings and other fantasy sports sites have been sued and investigated in several states on allegations their employees gamed the system using inside information.
     DraftKings said in a statement that it already has implemented many of the protections in Healey’s 16-page document, including prohibiting employees from playing in public contests for money and allowing players to put self-imposed deposit limits on their accounts.
     “We appreciate the leadership of the attorney general and her office and their willingness to have a meaningful dialogue about issues of importance to our industry,” DraftKings CFO Tim Dent said in a statement.
     “The regulations put forth today by Attorney General Healy are tough, but we will comply. We will continue to work with policymakers across the country to ensure that fantasy contests are fun and fair for the tens of millions of sports fans who enjoy playing them.”
     DraftKings last fall hired Healey’s predecessor, former Attorney General Martha Coakley, as an adviser.
     “This is an impressive example of a company’s commitment to being responsive to its regulators. The fact that this process took place in only five months is a credit to all the parties involved here,” Coakley said.

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