TRENTON - Fantasy-sports industry representatives told a New Jersey Assembly committee Monday that they hoped light regulation - not strict casino-style rules - would address any crisis of confidence in the business among politicians and the 55 million people who are in its leagues.
But that outcome seemed uncertain at best during Monday's discussion with the committee that handles the heavily regulated gambling industry, a big but ailing part of New Jersey's economy that is feeling threatened by fantasy sports.
"We believe in common-sense regulation," said Jeremy N. Kudon, an attorney representing the Fantasy Sports Trade Association.