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Internet Gambling Site Exemption UIGEA

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Question: 
I have a customer that appears to be processing personal transactions through his business account with FanDuel internet gambling site. FanDuel operates under a specific exemption written into the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) that allows for fantasy sports contests. Am I correct in thinking that the use of FanDuel is not a violation of Reg GG? Also, is conducting personal transactions through a business account SARable?
Answer: 

Fan Duel is not legal in all States and having a business involved with Fan Duel is highly unusual. I would suggest that more information is needed to find out what is going on.

First published on 09/19/2021

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