Originally Posted by
Draftstreet.com
The UIGEA (the same law that banned online poker) had a specific carveout for fantasy sports as a skill game, and thus legal in the United States. We feel that online poker will soon be legalized and regulated in the US, and aren't particularly concerned they would then reverse their decision on fantasy sports if they are headed that direction with poker. While it could be argued that Congress did not envision daily fantasy sports when issuing the law, it is absolutely legal now and not at risk of being surprised with legislation that would jeopardize any players' funds. Draftstreet is based in the US and backed by US banks.
Withdrawals can be done via check or Paypal. For a standard check we ask for 10 business days but you will usually see that it arrives sooner. Paypal or an expedited check will be 3-5 business days but the relevant fees will be deducted. Again, we try to and generally do process these faster than those guidelines.
As for juice, or rake, or what we call entry fees, it can go down to 7.5% at the highest level games ($215 games - $200 to prize pool, $15 entry fee). But on an $11 game the entry fee is $1, so 10%. As we get a higher volume of players we will look to reduce this percentage down the road once it makes business sense to do so.
We're really looking forward to next week's freeroll but anyone looking to get a leg up can check it out whenever they'd like. Questions, feedback, etc. always welcome.