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Fantasy Sports Industry News
Fantasy Sports Industry News
The daily fantasy sports industry notched some wins but failed to capture a majority of states after an all-out push this year to preserve its legality amid concerns the online games amount to illegal sports betting operations.
DraftKings on Tuesday announced it will host the first ever “Fantasy Sports Fest” at Gillette Stadium this August (exact dates not immediately known at the time this was going to press).
The Delaware Department of Justice announced Friday that real cash Daily Fantasy Sports sites have officially been ordered to cease operations in that state.
A state agency has a new name and new rules to handle a General Assembly-passed law last session that legalized fantasy sports betting in Tennessee and regulates it
Indiana will become only the second state to specifically legalize Daily Fantasy Sports contests.
NFL Commissioner Roger Goodell says that Daily Fantasy Sports is not gambling. The league has entered into partnership deals with both FanDuel and DraftKings through its various franchises.
The two largest daily fantasy sports companies, FanDuel Inc. and DraftKings Inc., are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.
As many as 11 states may adopt regulations permitting and regulating daily fantasy sports by the end of the year, according to an analyst who closely tracks the issue.
- Company to stop offering contests on Thursday May 26
- SportsLock.com co-founder: ‘It ‘s so hard to be an independent operator right now”
- Customers funds must be withdrawn by May 31
- Some customers might not be aware of closure until they are ready to start playing again come Football season
“It’s not cool for a brand to be close to a gambling brand. We are going down fan engagement; if we succeed in getting 50 million people to play our games, to connect with their friends through this special moment of time when they are watching live sport,” Ballr CEO Sam Jones says.
One of Britain’s biggest technology start-ups may not be able to survive the current crackdown on the Daily Fantasy Sports sector.
Professor claims Daily Fantasy contests are designed to seduce a youth market while utilizing similar marketing techniques as pornography.
An eccentric multi-millionaire and US Presidential candidate has been hired to work for a social media gaming firm MGT, and his name is not Donald Trump.
John McAfee was best known for developing a popular anti-virus computer software but in recent years made headlines after authorities in Belize announced him as a person of interest in connection to the 2012 murder of his neighbor American expatriate Gregory Viant Faull.
A hearing to determine a need for regulation of the Daily Fantasy Sports industry at the federal level took place May 11 in Washington, DC and concluded almost exactly a Noon Eastern Standard Time.
Wednesday’s scheduled Congressional hearing to deal with Daily Fantasy Sports contests will also encompass sports betting in general.
Comedy Central’s “Inside Amy Schumer” featured a skit in which a group of NFL players turning the table and looking back at all of us silly Joe and Janes Fantasy Freaks who regular curse them out....
Rhode Island Governor Gina Raimondo’s Chief of Staff Stephen Neuman had been negotiating legislation tied to the fate of Boston-based DraftKings at the very time his wife was interviewing for a job as Vice President of the Daily Fantasy Sports firm.
A California federal judge on Monday dismissed three of the four causes of action in a civil lawsuit filed by tracks owned by The Stronach Group (TSG) against the online fantasy gaming site DerbyWars.
Texas Attorney General Ken Paxton says he wants a lawsuit filed by DraftKings to be moved to another venue or dismissed entirely.
Tennessee Governor Bill Haslam signed off on a bill that will make Daily Fantasy Sports in the state legal.
Colorado is closer to regulating fantasy online sports leagues. A bill requiring fantasy-sports operators to register with the state passed the House 44-21 Monday.
Fantasy Hub founder Steven Plappert finally broke his silence regarding the abrupt closure of his Louisville startup Daily Fantasy Sports company.
One of the best magazines on the planet, Fast Company, features an interview with FanDuel CEO Nigel Eccles in which he insists that his company will survive the regulatory pressure and government skepticism that has plagued the Daily Fantasy Sports sector for the past six months.
DALLAS — (Associated Press) - Tony Romo is ready for another attempt at a fantasy football event that organizers say the NFL essentially nixed last year because of plans to hold the fan-centric activities in Las Vegas.
David Purdum of ESPN reported Thursday that the House of Representatives’ Subcommittee on Commerce, Manufacturing and Trade will hold a hearing on Wednesday, May 11 to consider the legal status of Daily Fantasy Sports, online gambling and sports betting.
You would think that the state of Alabama would have more to worry about than DraftKings and FanDuel in the wake of a scandal involving its Governor caught up in a messy extra-marital affair.
Attorney General Luther Strange released the following statement Tuesday:
HARTFORD, Conn. (Associated Press) — Connecticut moved closer Thursday toward becoming the latest state to regulate the fast-growing online fantasy sports industry.
Review of the Daily Fantasy Sports Expo, that took place March 3-4, 2016 at the Deauville Beach Resort Miami. Chris Costigan (Publisher of Gambling911.com.) and Marc Lesnick (Conference Organizer) review the final panel as well as other elements of the industry. Watch below.
RICHMOND, Va. (Associated Press) -- Virginia has become the first state to approve legislation regulating the fast-growing but embattled online fantasy sports industry.
With Daily Fantasy Sports behemoths DraftKings and FanDuel pushing for steep state licensing fees, smaller DFS sites the likes of Statzup.com.
During last week’s closing panel of the Daily Fantasy Sports Expo in Miami Beach, moderated by Gambling911.com’s founder Chris Costigan, Statzup CFO Tamas Varga said sites like DraftKings and FanDuel help his own company.
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