Daily fantasy sports regulation proposed by Maryland Comptroller.

A number of regulations that would legalize daily fantasy sports has been proposed by Maryland Comptroller Peter Franchot.

According to Franchot, fantasy sports are already very popular in Maryland, which means that state legislators need to make sure that contests are fair, operators are paying tax and players are protected by law.

Included in the regulations proposed by Franchot is a ban for anyone under 18, as well as professional athletes and staff, directors and other individuals with any links to daily fantasy sports operators.

Additionally, Maryland would forbid contests on amateur and college sports, using ‘scripts’ would be banned and punters would only be able to deposit $1,000 in a month, unless they request that limit to be changed.

FanDuel, a leading daily fantasy sports company, has had a very positive reaction to the proposed regulation and is ready to start working with Maryland legislators.

For starters, the regulations will be forwarded for public comments and then reviewed by a state legislative panel.