The crackdown on daily fantasy sports by American's gambling capital deals a new blow to the embattled — but booming — industry.
The Nevada Gaming Control Board announced late Thursday it deemed such contests gambling, meaning that daily fantasy providers will need to get licenses to legally operate in the state. The unregulated industry's biggest operators, FanDuel and DraftKings immediately suspended service in Nevada.
The decision cuts to the core of the industry, which has long touted its contests as games of "skill" — and therefore, not gambling. It poses one of the biggest threats yet to daily fantasy sports' unique legal status as top companies in the industry are already scrambling to protect their integrity, experts said.