Connect with us


Arkansas Cracks Down on Unlicensed Sports Betting Disguised as Fantasy Sports



Arkansas’s actions against Underdog Sports Holding and SidePrize LLC underscore a broader commitment to enforcing gambling laws and protecting consumers. By delineating the boundaries between legal fantasy sports and unlicensed sports betting, the state aims to foster a transparent and responsible gaming environment. As the situation unfolds, the industry and consumers alike will be watching closely to see the impact of these regulatory efforts on the future of online gaming in Arkansas.

A Bold Move Against Unlicensed Betting

In an assertive stance to uphold gambling regulations, the Arkansas Department of Finance and Administration (DFA) has initiated legal action against two companies accused of veering into unlicensed sports betting activities. This decisive measure highlights the state’s commitment to maintaining a regulated and safe betting environment.

Identifying the Culprits: A Closer Look

Underdog Sports Holding and SidePrize LLC, operating under the brand PrizePicks, have come under scrutiny for allegedly blurring the lines between daily fantasy sports (DFS) and unlicensed sports betting. Traditionally, DFS allows consumers to assemble virtual teams and score points based on real athletes’ performances. However, the introduction of player prop bets by these companies has raised concerns over the nature of their offerings.

The Heart of the Issue: Player Prop Bets

Player prop bets represent a significant departure from traditional fantasy sports, closely mirroring sports betting mechanics. This shift has prompted the DFA to classify these offerings as unlicensed sports betting, a clear violation of Arkansas state law. The absence of age verification and tax contributions on generated revenue further compounds these violations, underscoring the need for regulatory intervention.


Protecting Consumers and Upholding Laws

Arkansas’s legal framework mandates that sports bets be placed with a licensed sportsbook, emphasizing the importance of consumer age verification. DFA Secretary Jim Hudson and Regulatory Administrator Trent Minner have voiced their concerns, particularly regarding the protection of minors from illegal gambling activities. This stance reflects the state’s broader interest in safeguarding its residents from exploitation.

The Legality of Fantasy Sports in Arkansas

Despite the controversy surrounding player prop bets, traditional fantasy sports remain legally playable within the state. Act 1075 of 2017 delineates fantasy sports as distinct from gambling, allowing them to operate within a legal gray area. This distinction is crucial for understanding the state’s approach to regulating different forms of digital gaming.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at:

For editorial or PR submissions, contact:

Copyright © 2024 Gamingo.News.