(Reuters) - The trade association of the U.S. fantasy sports industry said Tuesday it has created a control board to oversee the fast-growing, multi-billion industry and avoid outside regulation as it faces scrutiny following a recent scandal.
The Fantasy Sports Trade Association named Seth Harris, who was acting U.S. secretary of labor in the Obama administration, to run the board.
Harris said the board will help ensure that daily fantasy sports games are run honestly through new controls such as a regular auditing process to keep tabs on whether companies are complying with the rules.
"The hope is, by doing that, regulation from outside won't be necessary, that we'll have actual compliance within the industry and no violations that will attract attention from others," he said.