Daily fantasy esports site Vulcun ceases operations in Nevada as a ‘precaution’

Nevada’s ruling that daily fantasy sports is gambling has implications that reach beyond football and traditional athletics.

Daily fantasy esports company Vulcun, which runs matches for video games like League of Legends, revealed to GamesBeat today that it is ceasing operations in Nevada. This means that you cannot wager money on your fantasy selections for the League of Legends 2015 World Championship later this month if you live in that state. The Nevada Gaming Control Board ruled last week that the nature of daily fantasy sports makes it gambling under the state’s real-money gaming codes. This will put a hamper on the earnings of startups in this space like DraftKings and FanDuel (which both also run esports matches) in addition to Vulcun. And this uncertainty about regulation may also scare away the investors that have, up to this point, poured money into the $2.6 billion industry.