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Peter Franchot

Maryland warily eyes fantasy sports boom

Maryland warily eyes fantasy sports boom

Three years after Maryland enacted a law allowing fans to play seasonlong fantasy sports contests, the industry has changed — and grown — so substantially that lawmakers and regulators are questioning whether reforms are needed.

Comptroller Peter Franchot, who wants to assess whether consumers are being protected from "potentially detrimental industry practices," is establishing a panel to consider possible trouble spots. The state legislature's Joint Committee on Gaming Oversight is planning a hearing on the issue next month. And a number of state legislators are weighing whether the 2012 law needs a revision.

Their concerns follow dramatic change in...