This morning I shared an article on my Twitter timeline, “Mark Cuban cites stocks, insurance to challenge Texas AG ruling of daily fantasy sports.” which was published by www.SportsDayDFW.com and almost immediately upon doing so, my phone began to blow up with texts asking me to clarify why I am in agreement with Mr. Cuban’s comparison. I do believe that daily fantasy sports and sports betting are very similar to trading stocks and the fantasy sports industry can be compared to the insurance industry, and I will articulate my thoughts in a detailed article very soon.
For now, let me just say that prior to returning to school to embark on my PhD in Public Policy Admin/Law, I had spent several years in the insurance industry. When I left I was a vice president of an international brokerage firm. I learned a lot while I worked in that industry and it is because of this knowledge and experience that I believe I have an ability to argue effectively and confidently that the fantasy sports and sports betting can and should be compared to the stock market and/or the insurance industry. [Those of you who followed my work when I published it on my blog www.VerySexySports.com might be somewhat familiar with my position, as I’ve articulated much of what I’ll say in articles I wrote a few years ago.]