New DFS site first to apply for a Nevada license
US Fantasy has been developed with regulation in mind as offers contests using pari-mutuel systems Â
Daily fantasy sports (DFS) start-up US Fantasy (USF) has become the first operator to apply for a license with the Nevada regulator in order to offer contests to players in the state. [private]
USF is the first operator to seek approval after the Nevada regulator ruled DFS met the definition of gambling under state law and requested sites apply for a sports betting license back in October.
The firm said its platform had been developed with regulation in mind and includes player protection measures such as geolocation, age verification, and segregated player accounts.
Founded by sportsbook veterans Victor Salerno and Michael Knapp, USF offers contests as inter-state skill games via pari-mutuel systems, with plans to pool players and create âmega-contestsâ.
Contest entries can be played through traditional terminals at land-based casinos, or with mobile devices or online, setting USF apart from the likes of FanDuel and DraftKings.
Salerno said he believed USFâs âunique contestsâ would dramatically improve the popularity of daily fantasy sports in Nevada.
âWe strongly anticipate increased customer traffic and revenue for the host casino properties and a taxable benefit for the state,â he added.
The news comes as FanDuel and DraftKings continue to do battle with the New York attorney general, who is trying to block both operators after ruling DFS was âillegal gamblingâ under state law.
Other states looking to legalize and regulate daily fantasy include California, Pennsylvania, and Massachusetts.