Fantasy football is a betting game in which the participants serve as the general managers of virtual professional gridiron football teams.
Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.
Gridiron football, or North American football, is a form of football primarily played in the United States and Canada.
Fantasy Football LIVE Mock Draft Episode ... by The Fantasy Footballers
The competitors choose their team rosters by participating in a draft in which all players of a real football league are available.
ESPN Fantasy Football Draft 2016 by Fantasy Couch
Points are based on the actual performances of the players in real-world competition.
The game typically involves the National Football League, Canadian Football League or college football.
College football is American football played by teams of student athletes fielded by American universities, colleges, and military academies, or Canadian football played by teams of student athletes fielded by Canadian universities.
The National Football League is a professional American football league consisting of 32 teams, divided equally between the National Football Conference and the American Football Conference.
There are two main types of fantasy football:
Traditional, which is mostly run by amateurs and in which the competition can run either for an entire season or many seasons if it is a keeper league, or
Daily, an accelerated version in which the contests are conducted over shorter periods, such as a week or a single day.
Daily fantasy football is managed by commercial internet companies who charge a percentage of each betting pool.
A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a pool, and then make a selection on an outcome, usually related to sport.
In the US, the two largest of these firms are FanDuel and DraftKings.
FanDuel is a web-based fantasy sports game and the largest daily fantasy sports company in the daily fantasy sports industry.
DraftKings is a Boston, MA, daily fantasy sports contest provider.