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"nbc sports" and comcast are among the invest in other words fan dual. as of july fan dual and draft kings hit respective evaluations of $1.3 billion and $1.2 billion. they're worg so much money because they figured out a way to let people bet on pro sports legally outside of las vegas. the conceit isn't i'm going to put 25 bucks on the seahawks to beat the lions. instead saying i'm going to pay a $25 entry fee and draft a fantasy team for this week meaning i'll get points for how well the players perform that week and if i have the most points, i can win the best prize. it's gambling on sport...

Following that fan duel raised. nbc sports and comcast are among the investors in fan duel. as of july, fan duel and draft kings hit respective evaluations of $1.3 billion and $1.2 billion. they're worth so much money because they figured out a way to let people bet on pro sports legally outside of las vegas. the conceit isn't i'm going to put 25 bucks on the seahawks to beat the lions. instead saying i'm going to pay a $25 entry fee and draft a fantasy team for this week meaning i'll get points for how well the players perform that week, and if i have the most points, i can win the best prize...

Of $1.3 billion and $1.2 billion. they're worth so much money because they figured out a way to let people bet on pro sports legally outside of las vegas. the conceit isn't i'm going to put 25 bucks on the seahawks to beat the lions. instead saying i'm going to pay a $25 entry fee and draft a fantasy team for this week meaning i'll get points for how well the players perform that week, and if i have the most points, i can win the best prize. it's gambling on sports just not technically placing a bet on the outcome which is how federal law sees it. in 2006, although congress made internet gambl...

How do the companies in charge of the fantasy sports teams work? fox business network adam shapiro joins us with a look behind the scenes. >> websites charge an entry fee to play. that's it. for instance, you might pay a $25 entry fee and then you assemble your fantasy team. there are limits to how many players you can pick. fantasy sports players win points based on the real world performance and statistics of the individual players on their fantasy teams. the billions and i said billions of dollars generated that's the real thing. the fantasy sports trade association says 57 million people i...

For manufacturers since 1933. why haven't we heard more about the value added tax and how does it put our country at a disadvantage? >> this has been goingen theneen going on for fifty years. when our goods go overseas to 160 or so of our trading partners they face an entry fee called the value added tax and it can range from 5% up to 25%. so if you add 20% or so to an american car going to germany, that is a hefty increase in the price that has to be charged for the american car to compete in germany. when the german car comes to the us it gets the 20% rebated. so it comes into the u.s. witho...