
Quoting
flyingron
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.