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29 Loy. L.A. Ent. L. Rev. i (2008-2009)

handle is hein.journals/laent29 and id is 1 raw text is: LOYOLA OF LOS ANGELES ENTERTAINMENT LAW REVIEW VOLUME TWENTY-NINE 2008-2009 NUMBER 1 TABLE OF CONTENTS SYMPOSIUM S O FT M O N EY 4 .............................................................................................................. 1 ARTICLES PLAY BALL!: SUBSTITUTING CURRENT FEDERAL NON-REGULATION OF FANTASY SPORTS LEAGUES WITH LIMITED SUPERVISION OF HYPER-COMPETITIVE LEAGUES by E rick S. L ee ................................................................................................ . 53 The popularity of Internet-based fantasy sports leagues has taken the game from a local activity among friends, family members and colleagues, to a social phenomenon linking players from across the country and beyond. The increased participation by players of all demographics has led to criticism and commentary that such games necessitate government regulations to prevent the social ills traditionally associated with sports wagering. This Article explores the legal aspects of fantasy sports games, with particular emphasis on current federal gaming law policy. The history of gambling in America is also traced, in order to provide an insight into the possible future treatment of these games. While current United States laws omit fantasy sports from regulations, this Article contends that such treatment should continue for the majority of such games. However, it is necessary to supplement the hands off approach with limited supervision and regulation of high-value, hyper-competitive fantasy sports games in order to protect participants in these ventures.