Local News

Virginia First State To Regulate Fantasy Sports

/ CBS Baltimore

RICHMOND, Va. (AP) -- Virginia has become the first state to approve legislation regulating the fast-growing but embattled online fantasy sports industry.

Gov. Terry McAuliffe signed legislation Monday that formally legalizes and regulates sites such as FanDuel and DraftKings.

Virginia is one of several states where DraftKings and FanDuel have pushed for legislation to regulate the relatively new industry.

Fantasy sports have been under fire in some states, and attorneys general in New York, Illinois and Texas have issued opinions that they are illegal games of chance.

(Copyright 2016 by The Associated Press. All Rights Reserved.)

 

 

© 2016 CBS Broadcasting Inc. All Rights Reserved.

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