This Week in Entrepreneurship Policy: Daily Fantasy Sports Under Review

Members of Congress return to Washington this week with hearings on a range of topics – from emerging industries (with a couple venture-backed heavyweights) like daily fantasy sports to commercializing science and techology research. The House Committee on Energy and Commerce examines daily fantasy sports games and considers the overarching question of whether such sites are considered "games of skill" or gambling. 

Dominated by a couple of venture-backed startups, FanDuel and DraftKings, the industry has nearly 60 million online users and is estimated to be worth more than $25 billion. However, it is governed by a patchwork of differing and contradictory policies by states that could have negative consequences for consumers, as well as further growth and innovation. 

In the Senate, the Commerce, Science and Transportation Committee explores ways to improve the roles of the federal government, private sector, and academia in science and technology research and development, STEM education and workforce opportunities, and the application of research and development to commercial uses. The hearing will also inform the efforts of the Commerce Committee’s bipartisan Innovation and Competitiveness Working Group, led by Sens. Cory Gardner (R-CO) and Gary Peters (D-MI). The working group is preparing legislation directing science and technology policy last authorized by the America COMPETES Acts.

Other topics covered during this week include: FDIC data breaches, FCC privacy laws, advanced manufacturing, overtime rules, new tax proposals and more. 

HOUSE

Inspiring Entrepreneurs: Learning from the Experts
House Committee on Small Business
2360 Rayburn HOB
Wednesday, May 11
11:00 am 

Daily Fantasy Sports: Issues and Perspectives
House Committee on Energy and Commerce
Subcommittee on Commerce, Manufacturing and Trade
2123 Rayburn HOB
Wednesday, May 11
10:15am 

FDIC Data Breaches: Can Americans Trust that Their Private Banking Information Is Secure?
House Committee on Science, Space and Technology
Subcommittee on Oversight
2318 Rayburn HOB
Thursday, May 12
10:00 am 

The New Faces of American Manufacturing
House Committee on Small Business
2360 Rayburn HOB
Thursday, May 12
11:00 am 

Member Day Hearing on Tax Legislation
House Committee on Ways and Means
Subcommittee on Tax Policy
1100 Longworth HOB
Thursday, May 12
10:00 am 

SENATE

An Examination of the Administration’s Overtime Rule and the Rising Costs of Doing Business
Senate Committee on Small Business & Entrepreneurship
428A Russell Senate Office Building
Wednesday, May 11
10:00 am 

Leveraging the U.S. Science and Technology Enterprise
Senate Committee on Commerce, Science & Transportation
253 Russell Senate Office Building
Wednesday, May 11
10:00 am

Examining the Proposed FCC Privacy Rules
Senate Committee on the Judiciary
Subcommittee on Privacy, Technology and the Law
226 Dirksen Senate Office Building
Wednesday, May 11
2:30 pm

Categories

More from Kauffman

comments powered by Disqus