prior probability‘s former colleague Marc Edelman, one of the top scholars in the emerging area of sports law, has written a short treatise on fantasy sports and the law. (Check out his twitter too.) Here is part of his abstract: “America is in the midst of a ‘fantasy sports revolution’ that is changing the way sports fans interact with one another. With more than 30 million Americans playing fantasy sports, today’s sports fans spend as much time predicting the performance of professional athletes as Wall Street investors spend predicting stocks and bonds. This article explains how U.S. law regulates the emerging fantasy sports industry …” In other words, people love to bet on sports, and the law has something to say about this activity. Shouldn’t the law legalize all bets?

Also, check out Professor Edelman’s cool website sportsjudge.com