Fantasy Sports Industry News

Fantasy Sports Industry News

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

Live Coverage on NY Hearing to Determine Fate of DraftKings, FanDuel

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

Submitted by C Costigan on, Nov/25/2015

NY AG vs. DraftKings and FanDuel: A Review of All Court Filings

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.

Submitted by C Costigan on, Nov/25/2015

DraftKings, FanDuel in ‘Deep Doodoo’ But Lawyers With Shovels Can Dig Them Out

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.

Submitted by C Costigan on, Nov/24/2015

DraftKings, FanDuel NY Hearing: G911 Coverage From the Court

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. 

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Submitted by Aaron Goldstein on, Nov/22/2015

DraftKings CEO Admits Not Always in Compliance With Gambling Laws

DraftKings CEO Jason Robins admitted back in May that his company does not always comply with anti-gambling laws, and more specifically, the Unlawful Internet Gaming Enforcement Act (UIGEA) that exempts fantasy sports. 

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Submitted by Aaron Goldstein on, Nov/19/2015

Yahoo Shares Fall 1.17 Percent on News of New York AG Subpoena

News of a subpoena issued by the New York Attorney General Wednesday as part of a probe into the Daily Fantasy Sports sector has resulted in a drop in its share price of 1.17 percent to $32.47 in afternoon trading.

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Submitted by Aaron Goldstein on, Nov/18/2015

Georgia May Be Next to Boot Daily Fantasy Sports Sites

ATLANTA (Associated Press) - Georgia Attorney General Sam Olens says his office is investigating whether daily fantasy sports violate state law.

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Olens recently told the Augusta Chronicle that the issue is pending in his office.

Submitted by Associated Press on, Nov/16/2015

NY Assemblyman: ‘AG has Gone Way Over Line With Daily Fantasy Sports Probe’

In an interview with the Associated Press, New York Republican Assemblyman Dean Murray said of his state’s Democratic Attorney General Eric Schneiderman: "He's gone way over the line" with the fantasy sports probe.

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Submitted by Alejandro Botticelli on, Nov/16/2015

FanDuel, DraftKings OK With Gambling Label in UK

BOSTON (Associated Press) — Top daily fantasy sports companies are fiercely rejecting the idea that their rapidly growing industry should be considered gambling in the United States.

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Submitted by Associated Press on, Nov/15/2015

FanDuel Stops Taking Money From New York Residents

FanDuel says it has stopped accepting money from New York residents following that state’s Attorney General demand to cease taking bets there.

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Submitted by Aaron Goldstein on, Nov/13/2015

FanDuel Going After New York Attorney General Hard: Nets Back Company

The world’s largest Daily Fantasy Sports company, FanDuel, has come out swinging against New York Attorney General Eric Schneiderman’s assertion that Daily Fantasy Sports is illegal gambling in disguise.  He has ordered both FanDuel and DraftKings to cease taking bets from New York residents.  As of late Thursday, both continue to do so.  

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Submitted by Jagajeet Chiba on, Nov/12/2015

Quirky New Jersey Fantasy Sports Case Decision Leaves FanDuel Optimistic

Daily Fantasy Sports giant FanDuel is citing a 2007 New Jersey Fantasy Sports case in hopes of fighting claims against it by New York’s Attorney General that what it does is “illegal gambling”.

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Submitted by Aaron Goldstein on, Nov/12/2015

Patchwork of Laws Poses Legal Quicksand for DraftKings, Other DFS Sites

SEATTLE (Associated Press) — The New York attorney general's decision that daily fantasy sports betting sites FanDuel and DraftKings are illegal gambling operations in his state is a blow to the companies, but the multibillion-dollar industry could have more legal headaches yet to come.

Submitted by Associated Press on, Nov/11/2015

Breaking News

Las Vegas Strip Shooting Suspect Faces Four Charges, One for Murder

Las Vegas Strip Shooting Suspect Faces Four Charges, One for Murder

Rolando Cardenas, 55, faces murder and attempted murder charges after police say he opened fire on a double decker bus, killing one man and injuring another.

Gamblers Reveal Which Super Power They Would Use to Gain an Edge

Gamblers Reveal Which Super Power They Would Use to Gain an Edge

When it comes to gambling, if you possessed the ability to read a dealer’s mind or see through a deck of cards—would you use the power to win big?

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