Quote Quoting flyingron
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Well, except that your own statement is contradictory. You can't have a horse-racing gambling website. In fact, even setting up your own paramutual on or off-site betting is highly restricted even in states where it is legaly. You just can't build a track and start taking bets.

The exception is actually for fantasy sports. Apparently, there were enough congressmen bribed on that issue to write an exemption.
What is the exemption for fantasy sports? That is the type of site I'm looking into