The fantasy sports industry has expanded rapidly over the past several years, with sites like DraftKings and FanDuel drawing in millions of users year round. For some it is a casual hobby, while for others it is a substantial source of income. However, as we discuss in our new white paper, it may also be illegal.
White collar crime has been an area of major concern since the financial crisis of 2008, and it covers a broader range of activities than many people realize. Fantasy sports, for example, falls into a legal gray area, and federal investigators are beginning to take note. In Florida, a federal court has already issued a subpoena for the business records of the Fantasy Sports Trade Association.
We recently published a free white paper to help you stay informed about these developments and how they could affect you if you or someone close to you plays fantasy sports. In the paper, we discuss:
- What is white collar crime?
- Why is it potentially illegal to play fantasy sports?
- What other common activities could count as federal crimes?
To learn more, read “Are you committing a white collar crime by playing fantasy sports?“