DraftKings, FanDuel Back Regulations Proposed by Mass.

PHOTO COURTESY: DRAFT KINGS

PHOTO COURTESY: DRAFT KINGS

BOSTON (AP) — Daily fantasy sports companies DraftKings and FanDuel are supporting Massachusetts’ approach to regulating their industry.

The companies and other industry experts participated Thursday in a forum hosted by the Massachusetts Gaming Commission.

Massachusetts Attorney General Maura Healey has proposed what she says is a first-in-the-nation plan to regulate websites that allow players to compete for cash prizes based on how athletes perform in real-life games. The proposed rules call for age and advertising restrictions, disclosure requirements and other restrictions.

Zakary Cutler, representing Boston-based DraftKings, said Healey’s proposed regulations appear “reasonable” and “pretty thorough.”

Stephen Martino, a lawyer for New York’s FanDuel, suggested Healey’s proposal should be a model for regulations considered by other states.

 

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