/NBA still prefers federal regulation of DFS

NBA still prefers federal regulation of DFS

NEW YORK — The NBA’s stance on daily fantasy sports has not changed, NBA Commissioner Adam Silver said Friday, despite mounting legal issues for daily fantasy sports sites.

But Silver also reiterated his stance that DFS sites should operate under a regulatory framework. The NBA has a small equity stake in FanDuel, and NBA teams have marketing relationships with DraftKings.

“I continue to view it as a positive in that if the alternative is this massive underground, illegal sports betting industry, and to the extent that daily fantasy sports, albeit not viewed as gambling under the law, is a form of entertainment and engagement that fans want to engage in and enjoy,” Silver said.

“It’s something I’ve spent a lot of time studying and trying to understand, looking at how other jurisdictions deal with it as well outside of the United States where our sport is very popular.”

That lines with Silver’s previous stance on gambling in general. Almost a year ago in an op-ed column in The New York Times, Silver advocated adopting a federal framework that allows states to authorize betting…

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