Fantasy Sports Industry News

Fantasy Sports Industry News

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

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

Breaking News

North Korea Legalizes Gambling on Horses to Help Mitigate Sanctions Pain

North Korea Legalizes Gambling on Horses to Help Mitigate Sanctions Pain

Per North Korea’s KCNA news agency, races called the "Autumn Race-Goers Games" were held Sunday at the Mirim Riding Club

Selbst to Matusow:  ‘You are a Pathetic Human Being’ Over Weistein Support

Selbst to Matusow: ‘You are a Pathetic Human Being’ Over Weistein Support

Matusow tweet seems to suggest doing sexual favors in Hollywood was common knowledge

Genovese Mobster Charged Last Year for Illegal Bookmaking Now Indicted on Tax Fraud

Genovese Mobster Charged Last Year for Illegal Bookmaking Now Indicted on Tax Fraud

Genovese Mobster Salvatore DeMeo has bee indicted on tax fraud charges and is accused of cheating the IRS out of $365,000 in taxes.