Dallas Mavericks owner Mark Cuban is defending the daily fantasy sports industry the Texas attorney general considers illegal. Addressing the Fantasy Sports Trade Association in Dallas on Wednesday, Cuban said Attorney General Ken Paxton’s opinion is nonbinding but still “kind of disappointing.” He dismissed the contention of Paxton and officials of other states that daily fantasy sports are a game of chance.
NBA commissioner Adam Silver on Wednesday called for federal regulation of daily fantasy operators and said his league will continue its partnership with FanDuel despite multiple investigations into industry trade practices and questions over the legality of the contests under federal and state gambling laws. In the first extended comments by the leader of a major sport since daily fantasy became engulfed in scandal two weeks ago, Silver told Outside the Lines that he is “nervous” about the recent developments but welcomed the growing scrutiny as a path to regulation that will protect fantasy players. “There should be a regulatory framework; there should be increased transparency for consumers,” Silver said in a telephone interview. “I think it would ultimately aid the industry. In fact, I think we’re seeing the marketplace impacted, because there’s not a clear regulatory framework right now.”