Fantasy Sports Industry News

Fantasy Sports Industry News

Connecticut One Step Closer to Regulating Daily Fantasy Sports

HARTFORD, Conn. (Associated Press) — Connecticut moved closer Thursday toward becoming the latest state to regulate the fast-growing online fantasy sports industry.

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Submitted by Associated Press on, Mar/10/2016

G911 Owner Talks DFS Industry With DFSE Organizer Marc Lesnick

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.

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Submitted by Payton on, Mar/10/2016

Virginia Becomes First State to Approve Fantasy Sports Specific Regulation

RICHMOND, Va. (Associated Press) -- Virginia has become the first state to approve legislation regulating the fast-growing but embattled online fantasy sports industry.

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Submitted by Associated Press on, Mar/08/2016

Smaller DFS Sites Not Bothered by DraftKings, FanDuel

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.

Submitted by Aaron Goldstein on, Mar/07/2016

Groups Demand NFL Shut Down Fantasy Football Site That Targets Children

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.

Submitted by Jagajeet Chiba on, Feb/24/2016

Virginia Poised to Allow Daily Fantasy Sports

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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Submitted by Aaron Goldstein on, Feb/23/2016

Vivid Entertainment CEO: ‘Fantasy Sports and Naked Women Have Lots in Common’

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.

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Vivid’s dipping their toes into the DFS sector is nothing new as they are coming off a stint with software provider MGT.

Submitted by Aaron Goldstein on, Feb/20/2016

New Jersey Gets Rare en Banc Rehearing in Sports Betting Case

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.

Submitted by Guest on, Feb/16/2016

New Funding for DraftKings Possible as Value Declines 60 Percent

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.

Submitted by Aaron Goldstein on, Feb/11/2016

No FanDuel Super Bowl 50 Contests: Citigroup No Longer Accepting Transactions

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.

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Submitted by Gilbert Horowitz on, Feb/07/2016

No DraftKings Super Bowl 50 Contests

Gambling911.com has been receiving a number of inquiries as to whether DraftKings and FanDuel will be offering any Super Bowl 50 contests. 

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Submitted by Aaron Goldstein on, Feb/05/2016

Bills in Hawaii Would Legalize Fantasy Sports, State Lottery

HONOLULU (Associated Press) - Lawmakers in Hawaii want to make an exception to the state's gambling ban by legalizing fantasy sports contests.

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Submitted by Associated Press on, Jan/28/2016

After Years of Intolerance, Sports Leagues Getting Into Bed With Wagering Firms

ESPN.com has come out with a report on the major sports leagues embracing of the gambling industry after years of intolerance. 

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The sports media outlet points out a number of recent examples:

Submitted by Dan Shapiro on, Jan/28/2016

DFS Fight Comes to the Heartland as Nebraska Legislators Mull Over Bill

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.

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Submitted by Associated Press on, Jan/25/2016

Phil Ivey Launches Daily Fantasy Sports Site: PhilIveyDFS.com

One of the most successful professional poker players, Phil Ivey, was set to launch his very own Daily Fantasy Sports site, PhilIveyDFS.com

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The site will be hosted on the iTeam Network, a DFS turnkey platform, next month (February 2016).

Submitted by Aaron Goldstein on, Jan/20/2016

Mark Cuban Says Texas AG Needs to Stop ‘Grandstanding’ in Wake of DFS Decision

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.

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Submitted by Aaron Goldstein on, Jan/20/2016

Massachusetts Man Sues DraftKings For Millions After Losing $175

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.

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Submitted by Aaron Goldstein on, Jan/13/2016

Daily Fantasy Sports Sites Raise Concern Over Massachusetts Regulations

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.

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Submitted by Associated Press on, Jan/12/2016

Picking sides on the Legality of Fantasy Sports

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.

Submitted by Guest on, Jan/12/2016

Brand New Fantasy Sports Option Explained by AceSportsbook

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.

Submitted by Aaron Goldstein on, Jan/08/2016

Online Sportsbook Now Offering Fantasy Sports Option

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.

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Submitted by Aaron Goldstein on, Jan/06/2016

Breaking News: Daily Fantasy Sports Regulation Bill in CA Passes Assembly Vote

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. 

Submitted by Aaron Goldstein on, Jan/06/2016

PayPal Shutting Down DraftKings, FanDuel Transactions

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. 

Submitted by Aaron Goldstein on, Dec/11/2015

New Book Exposes the Underbelly of Daily Fantasy Sports

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.

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Submitted by Thomas Somach on, Dec/10/2015

Mike Francesa Loses His Mind Arguing With Assemblyman Dean Murray Over DFS Bill

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. 

Submitted by Aaron Goldstein on, Dec/09/2015

Key NY Lawmakers Throw Daily Fantasy Sports a Lifeline

(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.

Submitted by Associated Press on, Dec/08/2015

Vote Eric Schneiderman Out of Office, DraftKings, FanDuel Proclaim

Daily Fantasy Sports leaders DraftKings and FanDuel want their customers to vote New York Attorney General Eric Schneiderman out of office. 

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Submitted by Aaron Goldstein on, Dec/08/2015

SFL to Focus on Offering Daily Fantasy Sports Software to State Lotteries

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.

Submitted by Aaron Goldstein on, Nov/30/2015

Legal to Play Daily Fantasy Sports, DraftKings, FanDuel in Oklahoma

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.

Submitted by Aaron Goldstein on, Nov/27/2015

Judge Appears Dumbfounded by Traditional Fantasy vs. DFS Rationale

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.

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Submitted by Guest on, Nov/25/2015

Breaking News

PokerStars Hopes to Mend Fences With Poker Community

PokerStars Hopes to Mend Fences With Poker Community

PokerStars, after being purchased by Amaya Gaming in 2014, has turned its back on its professional player customer base in hopes of building more recreational patronage. 

Introducing Champion of the Seminole Hard Rock Poker Open

Introducing Champion of the Seminole Hard Rock Poker Open

For the third consecutive year, the Seminole Hard Rock Poker Open (SHRPO) concluded with the crowning of The Big 4 champions at Hard Rock Live at Seminole Hard Rock Hotel & Casino in Hollywood, Fla.