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Fantasy Sports Industry News
Fantasy Sports Industry News
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.
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.
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.
ATLANTA (Associated Press) - Georgia Attorney General Sam Olens says his office is investigating whether daily fantasy sports violate state law.
Olens recently told the Augusta Chronicle that the issue is pending in his office.
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.
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.
FanDuel says it has stopped accepting money from New York residents following that state’s Attorney General demand to cease taking bets there.
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.
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”.
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.
NEW YORK (AP) — New York's attorney general on Tuesday ordered the daily fantasy sports companies DraftKings and FanDuel to stop accepting bets in the state, saying their operations amount to illegal gambling.
LAS VEGAS (Associated Press) — Nevada Sen. Harry Reid is calling daily fantasy sports sites "unregulated, illegal gambling" and says in a statement that self-regulation the industry desires won't be enough.
Washington Redskins player Pierre Garcon is leading a class action lawsuit for the NFL players against leading Daily Fantasy Sports website FanDuel.
The tremendous rise in popularity of one-day fantasy online sports betting leagues over the past few years has fueled the ongoing debate as to whether or not they should be considered skill-based contests or another form of sports betting.
ST. PAUL, Minnesota — (Associated Press) - A Minnesota lawmaker says his state should regulate the increasingly popular fantasy sports betting industry to prevent scams.
Massachusetts Gaming Commission Chairman Steve Crosby said Thursday that state regulators probing the legality of Daily Fantasy Sports expect to provide advise to state lawmakers and Governor Charlie Baker by month’s end.
The Philadelphia 76ers have cut their ties with PartyPoker following a scandal that erupted two weeks ago within the Daily Fantasy Sports sector.
It remains to be seen whether this will cause a domino effect in the professional sports arena with many of the franchises entered into partnerships with DFS firms DraftKings and FanDuel.
While PartyPoker does not offer a Daily Fantasy Sports platform, the sports leagues have come under fire of late for deals that seemingly embrace gambling.
Daily Fantasy Sports sites would have to partner with the state of Pennsylvania in order to operate there as part of new legislation that will be voted on Wednesday.
Draftkings, one of the leading Daily Fantasy Sports sites, is looking to fight fire with fire so to speak.
BOSTON — (Associated Press) - Massachusetts Attorney General Maura Healey says there’s little question that fantasy sports websites need to be regulated to protect consumers.
One of the leading Daily Fantasy Sports sites, FanDuel, has come out swinging against legislatures who say what it and other DFS sites are doing is simply another form of illegal online gambling.
In the course of its investigation, the powerful Miami-based law firm of Greenberg Traurig, LLP (“GT”), issued the following conclusion, which has since been released to the public:
ATLANTA (Associated Press) -- Georgia Lottery officials are questioning whether the daily fantasy sports industry can legally operate in the state.
MONTREAL, Canada – October 19, 2015 – Amaya Inc. (Nasdaq: AYA, TSX: AYA) (“Amaya”) has announced that it is limiting its daily fantasy sports (“DFS”) brand StarsDraft from operating real money games and tournaments in most U.S. states following a review of recent developments in a number of jurisdictions. The decision is not anticipated to have a negative financial impact on Amaya. StarsDraft players in all jurisdictions will continue to have access to the funds in their online accounts, which are available for withdrawal at any time.
LAS VEGAS (Associated Press) — As more states scrutinize the daily fantasy sports industry, the office of Nevada's attorney general said it used DraftKings' own words and online images as evidence the sites qualify as gambling.
The prosecutor’s office out of Tampa, Florida has subpoenaed the Fantasy Sports Trade Association to produce copies of its board-meeting minutes.
LAS VEGAS — (Associated Press) - Nevada regulators have ordered daily fantasy sports sites like DraftKings and FanDuel to shut down, saying they can’t operate in the state without a gambling license.
From the time, the first online casino software was introduced, it has steadily grown into one of the most sought-after products by agents and players alike.