Fantasy Sports Industry News

Fantasy Sports Industry News

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

DraftKings, FanDuel Ordered to Shut Down

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.

Submitted by Associated Press on, Nov/10/2015

Harry Reid: Daily Fantasy Sports Can’t Police Itself

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.

Submitted by Associated Press on, Nov/01/2015

NFL Players File Class Action Case Against DFS Site FanDuel

Washington Redskins player Pierre Garcon is leading a class action lawsuit for the NFL players against leading Daily Fantasy Sports website FanDuel. 

Submitted by Aaron Goldstein on, Nov/01/2015

The Future of Daily Fantasy Leagues in the United States

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.

Submitted by Matt Skinner on, Oct/29/2015

Minnesota Latest State to Consider Regulation of Daily Fantasy Sports

ST. PAUL, Minnesota — (Associated Press) - A Minnesota lawmaker says his state should regulate the increasingly popular fantasy sports betting industry to prevent scams.

Submitted by Associated Press on, Oct/26/2015

Massachusetts Expects to Wrap Up Probe Into Daily Fantasy Sports Within Month

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.

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Submitted by Aaron Goldstein on, Oct/22/2015

76ers End Partnership Deal With PartyPoker Amidst DFS Scandal

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. 

Submitted by Aaron Goldstein on, Oct/22/2015

PA Bill to Regulate Online Poker, Daily Fantasy Sports Will be Voted on Wednesday

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. 

Submitted by Ace King on, Oct/20/2015

Former Mass Attorney General Brought on as Advisor by DraftKings

Draftkings, one of the leading Daily Fantasy Sports sites, is looking to fight fire with fire so to speak.

Submitted by Aaron Goldstein on, Oct/20/2015

Mass AG Says Regulation of Daily Fantasy Sports Sector Necessary

BOSTON — (Associated Press) - Massachusetts Attorney General Maura Healey says there’s little question that fantasy sports websites need to be regulated to protect consumers.

Submitted by Associated Press on, Oct/19/2015

FanDuel Announces Petition Drive: ‘Let Us Play’

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.

The petition drive notes:

Submitted by Aaron Goldstein on, Oct/19/2015

DraftKings Legal Counsel Probe Claims Employee Did Nothing Wrong

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:

1)

Submitted by Aaron Goldstein on, Oct/19/2015

Georgia State Lottery Demands Answers From DraftKings, FanDuel

ATLANTA (Associated Press) -- Georgia Lottery officials are questioning whether the daily fantasy sports industry can legally operate in the state.

Submitted by Associated Press on, Oct/19/2015

Amaya Halts Operation of StarsDraft in Most States Pending Regulation

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.

Submitted by Press Release on, Oct/19/2015

DraftKings CEO Admits What They Do Is Gambling

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.

Submitted by Associated Press on, Oct/17/2015

Breaking News: Florida Subpoenas Fantasy Sports Trade Association

The prosecutor’s office out of Tampa, Florida has subpoenaed the Fantasy Sports Trade Association to produce copies of its board-meeting minutes.

Submitted by Aaron Goldstein on, Oct/16/2015

DraftKings, FanDuel Ordered Shut Down in Nevada

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.

Submitted by Associated Press on, Oct/15/2015

‘Accidental Godfather of Fantasy Sports’ Feels Guilty and Maybe Bitter

In DFS911.com’s continuing series “Daily Fantasy F***ed” reporter Pauly Mosconi looks at the man who invented Fantasy Sports, Dan Okrent.

Submitted by Payton on, Oct/15/2015

DOJ, FBI Begin Investigation Into Daily Fantasy Sports

The Wall Street Journal is reporting that the DOJ and FBI are in the early stages of investigating the explosive Daily Fantasy Sports sector.

Submitted by Tyrone Black on, Oct/14/2015

Scout.com: DFS Scandal is Biggest Fantasy Sports Story Ever

Scout.com, the largest college sports-focused media outlet online, has been closely monitoring the scandal that has overshadowed Daily Fantasy Sports in recent days.

Submitted by Aaron Goldstein on, Oct/13/2015

Former Congressman Jim Leach: Daily Fantasy Sports a ‘Cauldron of Daily Betting’

LAS VEGAS — (Associated Press) - The U.S. congressman who drafted the 2006 legislation used by DraftKings and FanDuel as proof of their legitimacy says is it “sheer chutzpah” for the daily fantasy sites to pretend the law makes them legal.

Submitted by Associated Press on, Oct/12/2015

Breaking News

Odds That 17 Crown Casino Employees Go to Prison at 99 Percent

Odds That 17 Crown Casino Employees Go to Prison at 99 Percent

Among those charged are three Australians, including Melbourne-based executive Jason O'Connor

England’s Chris Brammer Wins First WSOP Bracelet

England’s Chris Brammer Wins First WSOP Bracelet

Chris Brammer of England has won the Event #45 of the 2017 World Series of Poker, $5,000 No-Limit Hold'em.  He takes home $527,555, besting a field of 505.

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It is easy to find a Pay Per Head bookie outsourcing company willing to support the Oklahoma City area bookie.