Reid Backs Gaming Regulations for Fantasy Sports Sites

Reid is backing gaming regulators in Nevada on fantasy sports. (Bill Clark/CQ Roll Call File Photo)

The Nevada Gaming Control Board's effort to require fantasy sports sites to have gambling licenses has won the backing of Senate Minority Leader Harry Reid.  

“I fully support the Nevada Gaming Commission's determination‎ that daily fantasy sports is gambling. We have seen reports of insider betting and of young people gambling thousands of dollars a day with these unregulated companies. Until now, the websites offering daily fantasy sports have been operating in what is at best a legal gray area," the Nevada Democrat said in a statement. "Yesterday, the Nevada Gaming Commission, which has more experience regulating gaming than any other entity in the country, made it clear that these daily fantasy gambling companies must be regulated and held to the same high standards as other gaming operators in the state."