Make money without gambling
How to Make/Earn Money/Cash from Football/Sports without Betting
The Trading Deck features opinions on trading and investing written by market professionals, not staff journalists. Scott Rothbort has over 30 years of experience in the financial services industry. He is the founder and president of LakeView Asset Management, LLC, www. Daily fantasy sports or "DFS" sites have been all the rage recently, as its advertising has inundated the airwaves, participation has surged and controversy has taken root.
Governmental regulators and attorneys general have voiced their opinions as to its legality or lack thereof in hearings and pronouncements too numerous to list. Furthermore, there was even an "insider trader" case which raised some concerns as to fairness in these sports fantasy leagues. Is it a passing fad or is there something lasting here as a business? And if so, what does that mean for a potential investor as opposed to a player?
The Seton Hall Sports Poll , conducted by the Sharkey Institute at Seton Hall University 's Stillman School of Business , recently asked the public what they thought about DFS: Are these games of skill or gambling; should they be regulated; and, should they be legal?
The lack of any real movement in these numbers, despite all the controversy during the time between the polls, indicates a solid result.
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Also in the November poll, on the question of should there be state regulation: The takeaway from these polls is that a majority of respondents believe that the sports-fantasy industry should be legalized and regulated. That is really what the attorneys general want.
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By doing so, this would enable the states to: I am not a regulator or an attorney. I am an investor and finance professor. My questions are not on legality or gambling but As my wife, an attorney, always says, you cannot put the toothpaste back into the tube.
When I apply that to fantasy sports, I have but one conclusion: These activities are here to stay. They may not exist in an unregulated environment, but they will persist and even proliferate.
With that being said, there are several vital aspects of the industry which will be required whether or not regulation is enacted. As a result, I see four ways to invest and profit, but not gamble, in the fantasy sports business.
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I do not have a sports fantasy account nor do I advocate engaging in sports fantasy sites, whether they are legal, regulated and regardless if they are considered games of skill or gambling. That is an issue for you, the reader to decide.
However, there are ways to invest in the increased popularity and future proliferation of fantasy sports sites. Personally and for my clients at LakeView Asset Management, LLC we do own stock in several of the companies mentioned in this article by symbol: By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy.
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