FanDuel co-founder sees rosy future for daily fantasy sports despite US regulation woes

The legal situation of daily fantasy sports in the United States may look grim, but FanDuel co-founder Tom Griffiths’s rose-colored glasses lets him see otherwise.

In a recent interview with Newsweek’s Kevin Maney, the FanDuel executive said the legal problems that hounded the company and its rival, DraftKings, could be behind them.

“We believe this category has a bright future and will continue to exist, and so even before any of the issues back in late last year, [we] have been working with legislators to craft legislation and regulation to clarify the situation for the category,” Griffiths said, according to the news outlet.

Griffiths, who is also the company’s chief product officer, pointed out that there are as many as 30 states that have “bills, legislation, regulation introduced or even passed and that clarified the situation on the category.” What he forgot to mention was that while the subject of legalization is active in a variety of states, many of the legislatures have already closed up shop in time for the November elections.