Fantasy sports have become a major sector of our sport industry. With millions of participants worldwide and billions of dollars generated, fantasy sports have become a fixed part of our sport spectatorship. However, this prevalence has come without much intellectual investigation. Therefore, in this paper I discuss the metaphysics and ethics of fantasy sports. After providing arguments for the consistency of fantasy sports with prominent descriptions of play and games, I compare fantasy sports to other genres of play and games – sports, card games, ‘cybersports’, and spectatorship. After this juxtaposition, I delineate how fantasy sports are different from their real sport correlates. Fantasy sports are second-order games that are parasites of their real-sport counterparts. The differences between fantasy and real sports change our collective cultural views of the correlating real sports. While much good comes from the popular participation in fantasy sports, there are also drawbacks. That is, while fantasy sports participants tend to be more engaged spectators of sports, they also tend to only focus on particular, sensationalized aspects of the sports to which their fantasy ownership correlates.
