New York, NY, September 29, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Mark Hichar, Partner, Hinckley, Allen & Snyder LLP, will speak at the Knowledge Congress’ webcast entitled: “Defining Daily Fantasy Sports Betting: Is it Legal or Illegal? LIVE Webcast.” This event is scheduled for Wednesday, October 14, 2015 @ 3:00 pm - 5:00 pm (ET).
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About Mark Hichar
Mark’s clients are located within and outside of the United States, and include fantasy sports operators, casinos, suppliers of gaming systems and services (for online and traditional gaming), and investors in and lenders to gaming businesses. He has structured several joint venture arrangements involving gaming operators and has managed the regulatory approval process with respect to numerous gaming-related transactions. Mark is a frequent writer and speaker on developments in Gaming Law and related regulatory actions, and has authored several articles on developments in the laws relating to online gaming, including fantasy sports contests.
Mark received his B.A. degree from Yale University, his J.D. from the University of Chicago Law School, and also studied at the Universität Duisberg-Essen, in Essen, Germany.
About Hinckley, Allen & Snyder LLP
Hinckley Allen is a multiservice law firm offering a full range of legal services and pragmatic business advice to regional, national and international clients, with practices including Construction, Corporate, Litigation, Real Estate, and Trusts & Estates. With their longstanding reputation for creating lasting, meaningful business relationships, they are more than just a law firm. Hinckley Allen is a law firm that truly and fully engages with their clients.
The time Hinckley Allen invests in understanding their clients and strengthening their business relationships allows for exceptional and effective collaboration between their clients and their legal teams. Hinckley Allen is there to answer your questions and ask the right ones. The results they achieve through the strength of their client relationships help explain why their attorneys have been recognized by their peers as some of the best in the country, and why so many of their clients would recommend Hinckley Allen to others.
Hinckley Allen has the capabilities and expertise of a national firm, but with the agility and responsiveness that can only come from a firm of their size. That unique combination allows them to scale to their client’s complex and sophisticated needs efficiently, while enabling cost-effective management of their legal matters.
At Hinckley Allen, the way they measure success lies in the extent to which their clients feel they’ve added real value to their businesses. Hinckley Allen makes a simple promise to all of their clients: to provide value and deliver results.
In recent years, there has been an explosion in the growth of online daily fantasy sports, in which contestants win (often substantial) cash prizes based on the statistical performance of selected players on a single day or weekend. The legitimacy of daily fantasy sports has been bolstered by the support it has received from major U.S. sports leagues. The NBA is an investor in market-leader Fan Duel, while MLB and the NHL have endorsement deals with DraftKings, the other dominant site in the daily fantasy sports industry.
But is all of this actually legal? The Unlawful Internet Gambling Enforcement Act of 2006 (the “UIGEA”) expressly contemplates fantasy sports contests being conducted as games of skill, and thus not illegal gambling as a matter of federal law. While the UIGEA does not preempt state laws prohibiting fantasy sports, only a few states have such laws. However, the UIGEA does place restrictions on all fantasy sports contests. Furthermore, some new entrants in the daily fantasy sports marketplace are offering contests that could be construed to constitute illegal gambling.
In this two-hour live webcast, a panel of notable professionals and thought leaders assembled by The Knowledge Group will provide an in-depth analysis of these issues, as well as identifying best practices for daily fantasy sports operators to comply with applicable laws.
Key topics will include:
· State and Federal Law on Daily Fantasy Sports, including the UIGEA
· Forms of Daily Fantasy Sports and the Legality of each Form
· Dos and Don’ts in Operating a Daily Fantasy Sports Website
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/