Ask HN: Sports Betting is illegal, what about Fantasy Sports?

1 pointaashaykumar922 comments

Does anyone know the answer to this? It seems to be quite a gray area, even among lawyers. Basically, I would love to build a platform where people can bet on specific players (using real money) or such using fantasy statistics. I am just not sure if it is legal or not.

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I don't think you're allowed to let people place bets per se, but you can let them buy into a tournament for real money. There are several sites that have this sort of thing such as http://draftday.com.

hmm alright...draftday seems neat but is known to screw people over.

My basic idea was to create a stock market of sort but just for players. And the 'stock market' is only open during games.

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