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Daily Fantasy Sports Gets Congressional Hearing

May 11, 2016 10:02 AM·

The chairman of the Fantasy Sports Trade Association, whose members include DraftKings and FanDuel, will testify today before a House Energy and Commerce subcommittee about daily fantasy sports leagues. The committee is examining the industry following an insider-trading scandal at DraftKings and FanDuel. (via The Huffington Post).

NJ Rep. Frank Pallone and others in Congress want to explore why MLB, the NBA, the NHL and several NFL teams have invested in or partnered with the companies despite the legal uncertainty around the industry and their opposition to legalized sports wagering in an ongoing federal court case involving Pallone’s home state of New Jersey. (Last year, Rep. Pallone introduced legislation to amend the Professional and Amateur Sports Protection Act, another major federal gambling law.)

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Author: Michael Benjamin is a public affairs consultant and an editorial board member at The New York Post. He is a former contributing columnist to the NY Post, City and State NY and other publications. He is a former Member of the New York State Assembly (2003-2010) and once led the Bronx Board of Elections. Since leaving office, he has appeared as a commentator on TWC NY1, Bronxnet OPEN, Good Day NY, and Al Jazeera America. His columns and blog focus on corruption, government, education, politics, redistricting, nuclear energy and race. He holds a B.A. in political science from Syracuse University.