Here’s a sad and textbook case of how companies all too often use the strong-arm of government to destroy their competition.
The online gambling industry in America spent years and years fighting against the powerful Las Vegas casinos to make online sports betting legal in the states. They won a historic Supreme Court case in 2018 that struck down the Professional and Amateur Sports Protection Act, a federal ban on sports betting throughout the United States.
The court recognized this law as a protectionist racket — and, for better or worse, almost overnight the floodgates were opened in most states for legalized online sports betting.
But now the kings of the hill in the online sports betting world — led by FanDuel and DraftKings, the same companies who profited so much from that court’s wise decision to deregulate — are using the same flawed legal logic that they argued…
