The NBA Gets Cozy With a New Breed of Risk-Free Gamblers: Daily FantasyBy
It’s been a busy week for legal gambling in the National Basketball Association. Adam Silver, the league’s first-year commissioner, penned a New York Times op-ed favoring the expansion of legalized sports betting just a day after revealing a partnership with FanDuel, the biggest player in daily fantasy sports. Technically the two events are unrelated, as U.S. law doesn’t see daily fantasy sports as a form of gambling. In practical terms, however, the NBA’s embrace of gambling and daily fantasy go hand in hand.
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