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After five consecutive quarters with some kind of investment, there was no activity at all in fantasy sports companies, according to data provided to VatorNews by the National Venture Capital Association (NVCA).
An amended bill that would legalize and regulate fantasy sports in Illinois is one step closer to becoming law, despite strong opposition from other gambling stakeholders and the Illinois Gaming Board.
Whether or not lawmakers consider fantasy sports to be gambling will determine how products are designed in the future and the technological burden placed on operators to ensure compliance with newly-enacted laws.
What if a daily fantasy sports operator figured out a way to generate a strong user base, without requiring participants to pay an entry fee, and still earn a profit? Virtual currency could hold the answer.