TRENTON — New Jersey lawmakers and industry representatives Thursday debated what has suddenly become a hot question across the country: Should daily fantasy sports be considered gambling and face the kind of regulation casino companies do?
Such was the focus of a hearing by the state Assembly's gaming and tourism committee as the burgeoning, billion-dollar industry faces increasing scrutiny amid allegations of insider trading.
The FBI and U.S. Justice Department are reportedly looking into the matter, and some critics and officials say it's time for the industry to be regulated. Last month, Nevada required daily fantasy sports companies to obtain a gambling license.