Dec 16, 2015 2:13 PM by News Staff
SACRAMENTO, Calif. (AP) - California is the latest state in which lawmakers are examining the booming fantasy sports betting industry and how it might be regulated.
Assemblyman Adam Gray will lead a hearing Wednesday after proposing legislation to require league operators such as DraftKings and FanDuel to be licensed by the state Department of Justice.
The Merced Democrat says players need more protections involving payouts.
Several states are grappling with how to handle the fast-growing industry. Supporters say it's a game of skill because bettors must know details about players and games. Detractors say it's basically gambling.
The state attorney general in New York has ordered companies to stop taking what he says are illegal bets. The companies won a temporary reprieve allowing them to keep operating through January.
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