The summary is:
This is a transcript of a segment from the show Last Week Tonight with John Oliver, where he criticizes the daily fantasy sports industry for being a form of gambling that is not properly regulated. He mocks the ads of the two main sites, DraftKings and FanDuel, for being misleading and dishonest about the chances of winning and the skills required. He also points out the connections between these sites and the sports leagues, networks, and online poker. He argues that daily fantasy sports should be treated as gambling and not as a harmless entertainment product.
Here are the key facts extracted from the text:
1. Daily fantasy sports are a form of online gaming where users pay an entry fee and pick a team of players for a day or a week and compete against others for cash prizes.
2. Daily fantasy sports are very popular and have been heavily advertised by two main companies, DraftKings and FanDuel, on TV and online.
3. Daily fantasy sports claim to be legal under the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA), which exempted fantasy sports from being considered gambling, as long as they are games of skill and not chance.
4. However, many critics, including some lawmakers, regulators, and former players, argue that daily fantasy sports are in fact gambling and should be subject to the same rules and regulations as other forms of online betting.
5. Some states, such as Nevada and New York, have ruled that daily fantasy sports are illegal gambling and have ordered them to cease operations or obtain licenses.
6. Daily fantasy sports also face accusations of being unfair and deceptive, as most of the profits are won by a small percentage of users who use sophisticated algorithms and data analysis to gain an edge over casual players.
7. Daily fantasy sports have close ties with the sports leagues, networks, and media outlets that benefit from their advertising revenue and user engagement, creating potential conflicts of interest and ethical issues.
8. The text is a transcript of a segment from the HBO show Last Week Tonight with John Oliver, which aired on November 15, 2015. The segment is a satirical critique of daily fantasy sports and their legal status.