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New Maryland Law May Allow Fantasy Prizes
March 01, 2009
If a state delegate has his way, Maryland residents will soon have more incentive to waste valuable company time playing fantasy sports instead of working. According to this story from Fox news, Maryland is one of only six states in the country whose residents cannot participate in pay-to-play leagues run by national organizations due to an ambiguous state law regarding gambling. The legislation proposed by state delegate John Olszewski Jr. (D-Baltimore County) will follow the language of the federal law which exempts fantasy sports from gambling restrictions. The federal law distinguishes fantasy sports from gambling in 31 USC sec. 5362 (1)(E)(ix) and states that the term "bet or wager" does not include:
(ix) participation in any fantasy or simulation sports game or educational game or contest in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of an actual team that is a member of an amateur or professional sports organization (as those terms are defined in section 3701 of title 28 [28 USCS ยง 3701]) and that meets the following conditions:
(I) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest and their value is not determined by the number of participants or the amount of any fees paid by those participants.
(II) All winning outcomes reflect the relative knowledge and skill of the participants and are determined predominantly by accumulated statistical results of the performance of individuals (athletes in the case of sports events) in multiple real-world sporting or other events.
(III) No winning outcome is based--
(aa) on the score, point-spread, or any performance or performances of any single real-world team or any combination of such teams; or
(bb) solely on any single performance of an individual athlete in any single real-world sporting or other event.
This new law wouldn't affect illegal college basketball office pools, but that's never really stopped anyone anyways.
- Aaron Stringer
Comments
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