Fantasy Sports Industry News

Fantasy Sports Industry News

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.

BetOnline

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

StarsDraft Pulls Out of Florida Amidst Indictment Fears

News of a grand jury convening in Florida to review possible violations by Daily Fantasy Sports companies has sent PokerStars-backed StarsDraft packing.

Submitted by Aaron Goldstein on, Oct/12/2015

Fantasy Sports F***ed: Is FanDuel Providing Sharks a Tool to Devour Fish

DFS911.com’s Nick Albano presents the most recent installment of the site’s uber popular series “Daily Fantasy F***ed”, a detailing of how DFS players stand to get screwed over in an otherwise unregulated industry.

Submitted by Payton on, Oct/11/2015

DraftKings Ads Return to ESPN After a Few Days Absence

That lasted about as long as U.S. Republican Presidential candidate Donald Trump’s boycott of Fox News. 

Submitted by Don Shapiro on, Oct/09/2015

DraftKings, FanDuel Named in Another Class Action Lawsuit Amidst Scandal

Daily Fantasy Sports giants DraftKings and FanDuel have been named in another class action suit by a Kentucky man claiming that participants in both sites’ daily games were unfairly disadvantaged by employees of each company being allowed to play the other’s game.

More Coverage at DFS911.com Here

Submitted by Aaron Goldstein on, Oct/08/2015

Bizarre Twist in DFS Saga: FanDuel NY Registration Just Days Before Big Win

DFS911.com is reporting Wednesday that leading Daily Fantasy Sports company FanDuel only registered with the State of New York Division of Corporations September 25, just days before a DraftKings employee won $350,000 on their website.

Submitted by Aaron Goldstein on, Oct/08/2015

New York AG Regarding DraftKings Scandal: ‘Looking at Illegality or Fraud’

DraftKings and FanDuel are scrambling to reassure customers and prosecutors in the wake of a scandal compared to insider trading.

BetOnline

Submitted by Aaron Goldstein on, Oct/08/2015

Esteemed Gambling Attorney and NJ Sports Betting: ‘Court Wrong Again’

Nelson Rose recently wrote a piece detailing why he believes the Court of Appeal was incorrect in ruling that New Jersey could not regulate sports betting in the state.

Submitted by Gilbert Horowitz on, Oct/08/2015

Sporting News: DFS Scandal Blur Goodell, NFL Line Between Fantasy and Gambling

NFL Commissioner Roger Goodell spoke at the owners’ meetings Wednesday, addressing the recent scandal concerning Daily Fantasy Sports.

Submitted by Aaron Goldstein on, Oct/07/2015

DraftKings CEO Jason Robins Says He Hasn’t Heard From NFL Yet Regarding Scandal

Daily Fantasy Sports company DraftKings CEO Jason Robins appeared on Fox Business Network Wednesday insisting an employee did nothing wrong by playing on a competing site and winning $350,000, insisting at the time he made his picks that the employee in question did not have access to insider information.

Robins also told Maria Bartiromo he is yet to hear from the NFL, a partner in DraftKings, regarding the controversy that has made the rounds of most news outlets over the past 48 hours.

Submitted by Tyrone Black on, Oct/07/2015

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?

Free Per Head Software Platform

A free per head software platform is just that, free software for bookies and would be bookies.