Fantasy Sports Industry News

Fantasy Sports Industry News

Daily Fantasy Sports Leagues Not Mad for March Madness as Most Shun College Hoops

For the second time this year, fantasy sports leagues will be shut out of the action for a major sporting event.

Last month, none of the leagues weren't able to hold daily fantasy contests for the Super Bowl because Federal law bans fantasy play based on a single game.

This month, most fantasy sports leagues won't be holding any contests in connection with March Madness, the annual NCAA basketball tournament, because most leagues don't get involved with any college sports.

Submitted by Thomas Somach on, Mar/11/2015

DraftKings May be Off the Hook With Class Action Clause

As reported on the Gambling911.com website and elsewhere, one of the world’s largest daily fantasy websites DraftKings is now the subject of a class action lawsuit claiming false advertising. But the Boston-based company may have an ace up their sleeve according to the legal firm JD Supra.

Submitted by Aaron Goldstein on, Mar/09/2015

BetConstruct Grabs Gold and Lanyard Sponsorships at Upcoming DFSE in Miami Beach

Existing operators and those looking to enter the lucrative new industry of daily fantasy sports will be happy to know that software providers and white labels plan to show up in force this August in Miami Beach for the first ever Daily Fantasy Sports Expo (DFSE).

The most visible of these providers is going to be BetConstruct.  They have secured both the gold and lanyard sponsorships at DFSE.

Submitted by Aaron Goldstein on, Mar/02/2015

Microsoft Bing’s Duane Forrester to Speak at Daily Fantasy Sports Expo

Ticonderoga Ventures Inc. has announced that long time Microsoft Bing Webmaster Outreach Manager Duane Forrester will be speaking at the first ever Daily Fantasy Sports Expo in Miami Beach August 6-7.

Just how pivotal is Forrester:  Last year he was awarded Top Search Personality at the US Search Awards.

Submitted by Aaron Goldstein on, Feb/25/2015

Fantasy League Meeting With Ray Rice Reps on Wednesday

$1 Million Endorsement Deal is on the Table

VANCOUVER -- Only time will tell which of the many fantasy sports leagues popping up all over North America are destined to survive.

And thrive.

But if marketing savvy is any indication of future success, one new league looks like it has hit a home run (or in this case, scored a touchdown).

Submitted by Thomas Somach on, Feb/25/2015

Fantasy Sports Industry Pushes for Legalization in All 50 States

The Fantasy Sports Trade Association (FSTA) recently unveiled the Fantasy Sports Freedom initiative with the goal of promoting legalization of fantasy sports in all 50 states. 

Right now five states – Arizona, Iowa, Louisiana, Montana and Washington – clearly bar pay-related fantasy sports operations.  Some daily fantasy sports sites have also steered clear of states where contests paying cash prizes fall into a grey area.

Submitted by Aaron Goldstein on, Feb/22/2015

ProDraftLeague.com Raises ‘7 Figures’ Worth of Funding: Business Doubles in One Month

Vancouver-based ProDraftLeague.com hopes to make the big leagues, having just raised over a million in funding since January and doubling their business from roughly 5000 customers to 10000 customers since the start of the year.  

Submitted by Aaron Goldstein on, Feb/18/2015

FanDuel Looking for a $1 Billion Valuation: Wants to Go Public Next Year

FanDuel.com, one of the two largest daily fantasy sports sites, is looking to raise another $100 million over the next few months in order to reach a $1 billion valuation. 

Submitted by Aaron Goldstein on, Feb/17/2015

TradeSports.com a New Type of Fantasy Sports League Where Salary Cap is Eliminated

NEW YORK -- Your state lottery never pays you to try out one of its new scratch-off tickets.

And your local casino never hands you free cash to sit down at the poker table with.

And most certainly your local neighborhood bookie never calls you up and tells you he's going to start paying you to make bets with him on sporting events.

But when it comes to the crowded and cut-throat world of fantasy sports, anything you can do to rise above the din and garner attention is a plus.

Even if it means doling out free cash!

Submitted by Thomas Somach on, Feb/16/2015

Ray Rice Gets $1 Mil Contract Offer From Daily Fantasy Sports Site ProDraftLeague

A daily fantasy sports site has offered NFL player Ray Rice a $1 million sponsorship deal to represent their company.  Rice was suspended by the NFL after he was observed punching his then fiancé in an Atlantic City casino elevator.  His former team, the Baltimore Ravens, cut the star soon afterwards.

Submitted by Don Shapiro on, Feb/13/2015

55-Year-Old Becomes First Female to Win Daily Fantasy Sports Championship

A 55-year-old female by the name of PSmiles has become the first woman to ever win a live daily fantasy sports championship.

BetOnline

Submitted by Aaron Goldstein on, Feb/12/2015

Attorney Jeffrey Ifrah to Speak at First Ever Daily Fantasy Sports Expo

One of the most prominent attorneys in the world of fantasy and gaming, Mr. Jeffrey Ifrah, has been slated to speak at the first ever Daily Fantasy Sports Expo in sunny Miami Beach this August 6-7.

Submitted by Payton on, Feb/12/2015

Fantasy Sports Site DraftKings.com Exclusive Deal With UFC ‘Imminent’

One of the powerhouses in daily fantasy sports, DraftKings, is reported to be close to an exclusive sponsorship deal with the UFC (Ultimate Fighting Championship).

Colin Neville, vice president of the venture capital firm The Raine Group in NYC, first disclosed the pending UFC deal during a conference in New York City on Monday.

Submitted by Aaron Goldstein on, Feb/11/2015

Daily Fantasy Sports Expo to be held August 6-7, 2015 in Miami Beach

First ever trade show and conference covering the daily fantasy sports industry. DFSE plans to bring new faces to the industry, introduce unique methods of thinking and provide the ultimate networking experience for executives.

New York, NY--Ticonderoga Ventures, Inc. announces the Daily Fantasy Sports Expo ( www.fantasysportsexpo.com ) on August 6-7, 2015 at the Miami Beach Convention Center.

Submitted by Press Release on, Feb/11/2015

Bellator 133 Fantasy Real Money Tournament First of Its Kind Introduced by Draft Ops

LAS VEGAS - Draft Ops, the newest provider in fantasy sports, announced today the launch of their first ever $10K Fantasy real money tournament for Bellator 133: Manhoef vs. Shlemenko event to be held on Friday, February 13 on SpikeTV.  

The kickoff of the $10K Fantasy tournament marks the largest real money tournament offered by Draft Ops to date and will be offered for every Bellator live event broadcast. The tournament is guaranteed with limited entries available.

Submitted by Press Release on, Feb/10/2015

Daily Fantasy Sports Sites in Hot Water Over Ad Claims Long Allowed by UK Agency

Yet another of the big daily fantasy sports sites, DraftKings.com, has been named in a class action suit claiming false advertising as it pertains to bonus offers.  The case was filed in a South Florida court.

Submitted by Alejandro Botticelli on, Feb/10/2015

Fantasy Site DailyMVP.com Puts Twist on Fantasy Daily Scoring: Lands Tom Brady

Thomas Somach writes that DailyMVP.com uses a unique golf-like handicapping system to equalize performers.

LOS ANGELES -- There are so many fantasy sports leagues out there these days that the leagues have to do something spectacular to garner attention.

One that is doing just that is DailyMVP (www.dailymvp.com), which uses a unique business model that mimics the dynamics of a player's handicap in golf.

Submitted by Thomas Somach on, Feb/08/2015

US Military Veteran Hopes to Take ReverseFantasyFootball, DraftDawgs to Next Level

EAST WINDSOR, NJ – With the conclusion of the 2014 NFL season the fantasy sports market has without a question of a doubt enjoyed its largest season.  The unprecedented popularity of weekly fantasy leagues offering cash prizes without season long commitments has been extraordinary - with many new sites joining the fray at the start of this past football season. 

Submitted by Tyrone Black on, Feb/06/2015

DraftKings Partners With LA Clippers: Becomes Official Fantasy Partner

The Los Angeles Clippers and DraftKings announced today a partnership that makes DraftKings the official daily fantasy sports partner of the Los Angeles Clippers. The agreement marks the team’s first-ever partnership with a one-day fantasy sports website. DraftKings is the largest U.S.-based provider of daily fantasy sports contests across a broad range of professional and college sports, including basketball.

Submitted by Press Release on, Feb/05/2015

FanDuel 2015 World Fantasy Basketball Championship in South Beach April 10

FanDuel.com, the world’s largest Daily Fantasy Sports site, has announced plans for the 2015 World Fantasy Basketball Championship in South Beach April 10.

Submitted by Ean Lamb on, Feb/05/2015

PlayMLF.com Daily Fantasy Sports Site Movin’ On Up: DraftKings Gets Warriors

Daily fantasy sports firms continue to expand with the explosive popularity of the sector in recent months.  PlayMLF.com just announced via their Twitter account, they too are in need of improved office space.

Submitted by Nagesh Rath on, Feb/05/2015

Iowa Fantasy Sports Bill Gets Approval From State Senate

In the wake of the fantasy sports phenomenon gripping the U.S., a bill to legal the activity in Iowa has been given the green light in the State Senate.  Iowa casinos could also offer fantasy sports with cash payoffs under some circumstances.

Senate Study Bill 1068 was approved by the Senate State Government Committee on a voice vote with only one dissent. 

Submitted by Aaron Goldstein on, Feb/05/2015

PGA Fantasy Freeroll From Victiv.com and Will Tiger Woods Make The Cut Odds

Victiv.com has decided to get into the Golf fray with its PGA Fantasy freeroll on the Farmer’s Insurance Open while betting on Golf has begun to prove lucrative for the online sportsbooks.

Submitted by Ean Lamb on, Feb/04/2015

Iowa Moves Closer to Legalizing Fantasy Sports

Iowa, a state that has dabbled with the notion of legalizing online gambling including poker, has moved to legalize Fantasy sports.

While Fantasy Sports are exempt under federal legislation banning most other forms of online gambling, some individuals states have enacted their own laws that make engaging in such contests with cash prizes illegal, Iowa being one of them.

Submitted by Gilbert Horowitz on, Feb/04/2015

Minnesota Man Wins $300,000 Playing Daily Fantasy Sports

Jake Sanders, 38, of Edina, Minnesota, recently won $300,000 from the Daily Fantasy Sports site FanDuel.com.  And that was by finishing in 4th place!

Sanders was a qualifier for a FanDuel $2 million dollar event in Las Vegas during week 15 of the NFL season.  One player picking up yardage in the final seconds of a Jets/Titans game reduced Sanders earnings by $200,000 from $500,000.

Submitted by Don Shapiro on, Feb/04/2015

Daily Fantasy Freerolls – ScoreStreak.com, FantasyAces.com

Daily Fantasy freerolls allow folks to enter a tournament without having to pay a fee.  This is an attractive option not just in the world of Daily Fantasy Sports, but also in online poker.  Check out the Gambling911.com Fantasy Sports section for all the latest Fantasy and freeroll news along with picks and the latest player salaries right here.

Submitted by Aaron Goldstein on, Feb/03/2015

Vulcun Announces the Largest League of Legends Fantasy Prize: $1 Million

In business for just over a month now and kicking off with a $250000 prize pool, Vulcun will now be offering a $1 million prize for the upcoming League of Legends League Championship Series (LCS). 

Submitted by Aaron Goldstein on, Feb/02/2015

Fantasy Sports New Kid Sideleague.com has an App for You

CHICAGO -- Are you a fantasy sports player?

There's an app for that.

As more and more people play in fantasy sports leagues that they access via their mobile devices rather than their computers, the leagues are making it easier for them to do so.

Submitted by Thomas Somach on, Feb/02/2015

Washington State Lawmakers Want to Legalize Fantasy Sports

OLYMPIA, Wash. — (Associated Press) - Lawmakers in Washington state - home to the defending Super Bowl champion Seattle Seahawks - may legalize gambling on fantasy football by classifying fantasy sports as games of skill.

Submitted by Associated Press on, Jan/30/2015

FanDuel Sued: Daily Fantasy Sports and the Start of Class Action Season

While billions of dollars of sports betting continues in the shadowy world of illegal off-shore sports books, the fantasy sports business has been on fire.  And as fantasy sports becomes the new hot “thing” online, it has continued to evolve: Dozens of companies are entering the market to offer everything thing from the increasingly common single day fantasy contests to the stock market-like contest offered by recent arrival.  Throughout the explosion of interest, two companies – FanDuel and Draft Kings have remained the behemoths of the industry.

Submitted by Guest on, Jan/29/2015

Breaking News

eSports Platform Backed by Marc Cuban Gets Malta License

eSports Platform Backed by Marc Cuban Gets Malta License

The eSports platform Unikrn has been awarded a gambling license in Malta.

Crown Casinos Facing Money Laundering Charges, Accused of Machine Tampering

James Packer’s Crown Resorts is facing investigations by federal money laundering authorities and casino regulators in at least two states, the Guardian and other media outlets were reporting Thursday. 

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