The Supreme Court will take up New Jersey’s bid to allow sports betting at its casinos and racetracks.
Fantasy Sports Industry News
Fantasy Sports Industry News
In light of all the hoopla surrounding the legality of Daily Fantasy Sports websites like DraftKings and FanDuel, two groups In light of all the hoopla surrounding the legality of Daily Fantasy Sports websites like DraftKings and FanDuel, two groups have stepped forward urging the NFL to get rid of its own fantasy sports site that targets prepubescent boys between the ages of 6 and 12.
DraftKings and FanDuel could soon find a home in Virginia with that state’s lawmakers looking favorably at the new Daily Fantasy Sports sector.
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The largest adult entertainment company in the world, Vivid Entertainment, is set to join the DraftDay Daily Fantasy Sports platform in an effort to further diversify.
Vivid’s dipping their toes into the DFS sector is nothing new as they are coming off a stint with software provider MGT.
Our sister site BettingNewJersey.com has all the latest news as it relates to online gambling in New Jersey.
New Jersey Gets Rare en Banc Rehearing in Sports Betting Case - New Jersey has another chance to make its case to offer traditional sports betting at Monmouth Park and other racetracks and casinos, getting a rare en banc rehearing Wednesday from the federal Third Circuit Court of Appeals in Philadelphia.
Following news that Fox Sports had devalued Daily Fantasy Sports juggernaut and pseudo partner DraftKings by 60 percent, at least one media outlet is reporting a possible new round of funding for the beleaguered company.
Eric Fisher of the Sports Business Journal tweeted Wednesday:
There have been rumors - unconfirmed - of potential new funding for DraftKings. If it happens, could be looking at a down round.
Gambling911.com has received confirmation that FanDuel will not be offering any Super Bowl 50 contests. Furthermore, Citigroup just announced that they will no longer allow transactions for either FanDuel or DraftKings via their bank-issued cards.
Gambling911.com has been receiving a number of inquiries as to whether DraftKings and FanDuel will be offering any Super Bowl 50 contests.
HONOLULU (Associated Press) - Lawmakers in Hawaii want to make an exception to the state's gambling ban by legalizing fantasy sports contests.
ESPN.com has come out with a report on the major sports leagues embracing of the gambling industry after years of intolerance.
The sports media outlet points out a number of recent examples:
LINCOLN, Nebraska — (Associated Press) - Gambling opponents are fighting a bill that would allow fantasy sports websites to operate in Nebraska, even though the industry estimates that 300,000 people in the state are already playing.
One of the most successful professional poker players, Phil Ivey, was set to launch his very own Daily Fantasy Sports site, PhilIveyDFS.com
The site will be hosted on the iTeam Network, a DFS turnkey platform, next month (February 2016).
Texas Attorney General Ken Paxton declared daily fantasy sports illegal in his state Tuesday, putting more pressure on the embattled industry and leading sites DraftKings and FanDuel.
A Massachusetts man is suing Boston-based DraftKings for millions of dollars alleging the company was running an “illegal online sports betting business” in which he lost (drum roll please) $175.
BOSTON — The Associated Press - Daily fantasy sports operators raised objections Tuesday to some of the regulations proposed for the online contests in Massachusetts, including a minimum 21-year-old age and restrictions on how much players can spend each month.
The Fantasy Sports Debate has recently been heating up with the state of New York first banning residents from participating in DraftKings and FanDuel, and then just the other day an appellate court ruled in favor of allowing both companies to continue to operate in New York while their appeal is being heard.
It was only a matter of time before one of the best sportsbooks in the world decided to get in the Fantasy mix and begin offering Fantasy style betting options.
AceSportsbook.com has just unveiled a brand new Fantasy Football player betting option that have over and unders for specific players, and player match ups with a spread and a combined over/under total for the two players.
Fantasy Sports has exploded into an multi-billion dollar a year business, with FanDuel and DraftKings leading the way with fantasy tournaments and daily games.
California, which just happens to be the world’s eighth largest economy, is the latest state to examine the legality of Daily Fantasy Sports.
A bill introduced by Assemblyman Adam Gray went to a committee vote in Sacramento Wednesday (January 6, 2016). Had it failed to pass the Assembly by the end of the month, the process would then need to begin anew.
Following a precedent-setting decision by a Superior Judge Friday morning ordering Daily Fantasy Sports sites DraftKings and FanDuel to halt operating in New York, leading payment processing company PayPal has decided to stop permitting money transfers to and from those websites.
A new book that promises to blow the lid off the inner secrets of the daily fantasy sports industry has just been released and anyone who participates in the popular pastime will find the book not just fascinating but also financially rewarding.
Radio host Mike Francesa went off on New York State Assemblyman Dean Murray for proposing legislation that would make Daily Fantasy Sports a “game of skill”.
"Why would you do that?" Francesa said. "It is not a game of skill, it's a game of chance."
A New York judge was in the process of determining just that as of Wednesday when this was being published.
This would ultimately turn into a heated back and forth between the two.
(Associated Press) - Key Lawmakers Say Daily Fantasy Sports Will be Legal in NY No Matter What Court Decides - The chairman of a state legislative committee with authority over gambling predicts New York will legalize and regulate daily fantasy sports, no matter how a court fight centered on the lucrative industry turns out.
Daily Fantasy Sports leaders DraftKings and FanDuel want their customers to vote New York Attorney General Eric Schneiderman out of office.
State lotteries looking for Daily Fantasy Sports software should look no further than Rochester, New York-based Star Fantasy Leagues.
The company, which offers Daily Fantasy Sports, primarily focuses on development of DFS white label software for other companies. State lotteries such as the one found in Georgia, serve as a perfect target client base for the three-year-old firm.
At least one state says it is legal to play on Daily Fantasy Sports sites the likes of DraftKings, FanDuel and DFS white label software provider Star Fantasy Leagues. That would be Oklahoma.
What looked to be a slam dunk for the New York Attorney General’s Office in the first half of Wednesday’s hearing completely shifted in favor of the Daily Fantasy Sports industry after the one hour lunch break.
Throughout the years, Gambling911.com has been live at court hearings involving the gambling industry. On Wednesday November 25, 2015 we were present covering a hearing to determine the operating status of Daily Fantasy Sports companies DraftKings and FanDuel in the state of New York.
We were among the first news outlets to report that Judge Manuel Mendez would require one to two weeks to make his final decision.
Live Coverage from NY Court on Decision to Allow DraftKings, FanDuel to Operate in State - Wednesday November 25, 2015
Our sister site DFS911.com and Legal Reporter Jeff Williams have provided us with all related Court filings pertaining to the New York State Attorney General vs. DraftKings and FanDuel. Other Daily Fantasy Sports companies have been subpoenaed as well.
One of the premier attorneys in the world of gambling, I. Nelson Rose, was kind enough to send DFS911.com his latest piece on the next steps both DraftKings and FanDuel will need to undertake in getting them out of the “deep doodoo” they are currently in.
Gambling911.com and sister site DFS911.com will be covering Wednesday’s hearing to determine whether Daily Fantasy Sports sites DraftKings and FanDuel can continue conducting business with New York state residents.
Christopher Vitch, 34, of Phoenix, Arizona has defeated Benny Glaser to win the Seven Card Hi-Lo or Better Championship Event #48 at this year’s World Series of Poker.