Sports Illustrated, recently announced by Time, Inc., to a new daily fantasy sports game-for-cash app relaunch his nation fan site. Built in conjunction with TopLine Game Labs, the app will allow people to friends to one-day matchups challenge and put real money with Sports Illustrated a percentage of each bet.
The growth of one-day fantasy has to play with start-up sites like FanDuel and Draft Street that offer people the opportunity one-day fantasy for money coincided. Sports Illustrated wants to capitalize on this new, profitable industry.
Editor Paul Spruce Tree recognized increase government revenue through the new site and the fantasy sports app represent a significant departure from the magazine past. However, he noted Sports Illustrated reality that includes the competition like ESPN and Yahoo as well as Bleacher Report Deadspin and newcomers must realize.
Sports Illustrated Moving in fantasy sports is expected that in the whole market, which is almost exclusively led until recently by startups, as most public companies as risky reverberate well into the category of state and federal law. But as start-ups like FanDuel first appeared, especially the federal government has taken a hands-off approach. Professional sports leagues have the games not being challenged in court. In fact, the Major League Baseball has a cooperation agreement with at least one daily fantasy site.
But risks remain in about a dozen states, such as Tennessee and Illinois where daily fantasy sports would be considered illegal gambling. Illinois has tried unsuccessfully daily fantasy winner vomit, but could also mount other states challenges daily fantasy games.
Nevertheless, since Sports Illustrated has jumped in, probably CBS and Yahoo! will soon offer daily fantasy sports apps. Both companies already offer full-season fantasy sports contests and CBS has tried short games as an NFL Playoff Challenge.