Skip to content
Subscriber Only

Fantasy-Sports Companies Agree to Join Self-Regulatory Board

  • New organization will be led by Ex-Labor Secretary Seth Harris
  • Companies face legal and government scrutiny over gambling
Updated on

Daily fantasy-sports companies, at the center of legal and regulatory debate about whether their games are gambling, have agreed to the formation of a self-regulatory body led by former acting U.S. Secretary of Labor Seth Harris.

The organization, called the Fantasy Sports Control Agency, will be charged with creating a system to ensure ethics and integrity across the fantasy industry as a whole. The group was formed by the Fantasy Sports Trade Association, whose biggest daily companies -- DraftKings Inc. and FanDuel Inc. -- boast billion-dollar valuations.