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Since fantasy sports didn¡¯t start until 1980 and wouldn¡¯t become mainstream until more than a decade later, fans had limited opportunities to engage in sports, besides rooting for their favorite teams. Betting was one way. Since bookmaking wasn¡¯t exactly run by the Kiwanis Club, professional sports leagues and college conferences were terrified that nefarious characters would compromise the integrity of games, so they fought any efforts to legalize sports gambling beyond the Nevada desert. For decades, any athletes thought to be ¡°consorting¡± with gamblers were investigated by leagues. Legendary New York Jets quarterback Joe Namath even had to give up his stake in a nightclub that was frequented by bookies.
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She highlighted other possible issues: How could the commission ensure players get any money left in their accounts returned? What would happen if an operator is shut down before the outcome of a bet it accepted is known? Should companies be required to put up a bond to ensure they can pay out all wagers if they don't secure a final license?
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