Is fantasy sports gambling?

A loyal FTT reader (yes, we have them!) asked me this the other day. Let's hash it outThe case for yes:> If it involves sports and money and the outcome of games, it's gambling. It might be peculiar betting, or very nerdy betting, or really small betting, given the amount of play that your wager gets over the course of a year. But it's gambling.> The feel of a score is the exact same in both endeavors. When your guy hits a 3-run homer, your team covers the spread, or your trifecta comes in at the dog track, it's the same adrenalin rush and fist pump. > Vice is vice, really -- and the amount of time that you spend working a fantasy league puts most forms of gambling to shame. A race track regular with his racing forms and multiple publications has nothing on a roto hound on draft day.The case for no:> Given the number of minute bets that are involved -- most leagues either play for little money, or comparatively little money, with one annual entry fee -- i...