Fantasy Sports Industry News
Fantasy Sports Industry News
NFL Commissioner’s NYS Assemblyman Cousin Says DFS is Gambling
NFL Commissioner Roger Goodell says that Daily Fantasy Sports is not gambling. The league has entered into partnership deals with both FanDuel and DraftKings through its various franchises.
FanDuel and DraftKings in Merger Talks
The two largest daily fantasy sports companies, FanDuel Inc. and DraftKings Inc., are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.
11 States Could Legalize Daily Fantasy Sports By Year’s End
As many as 11 states may adopt regulations permitting and regulating daily fantasy sports by the end of the year, according to an analyst who closely tracks the issue.
SportsLock.com The Latest Daily Fantasy Sports Site to Shut Down
- Company to stop offering contests on Thursday May 26
- SportsLock.com co-founder: ‘It ‘s so hard to be an independent operator right now”
- Customers funds must be withdrawn by May 31
- Some customers might not be aware of closure until they are ready to start playing again come Football season
Another casualty in the beleaguered Daily Fantasy Sports sector this week as Chicago-based SportsLock.com has announced it will cease offering contests for cash effective May 26.
Ballr CEO: ‘Not Cool for a Brand to be Close to a Gambling Brand’
“It’s not cool for a brand to be close to a gambling brand. We are going down fan engagement; if we succeed in getting 50 million people to play our games, to connect with their friends through this special moment of time when they are watching live sport,” Ballr CEO Sam Jones says.
FanDuel Future in Doubt, Auditors Warn
One of Britain’s biggest technology start-ups may not be able to survive the current crackdown on the Daily Fantasy Sports sector.
Daily Fantasy Sports: ‘Click Your Mouse, Lose Your House’, Synchronizing Great With Pornography
Professor claims Daily Fantasy contests are designed to seduce a youth market while utilizing similar marketing techniques as pornography.
Anti-Virus Software Pioneer Sought in Murder of Neighbor Hired by Gaming, DFS Firm
An eccentric multi-millionaire and US Presidential candidate has been hired to work for a social media gaming firm MGT, and his name is not Donald Trump.
John McAfee was best known for developing a popular anti-virus computer software but in recent years made headlines after authorities in Belize announced him as a person of interest in connection to the 2012 murder of his neighbor American expatriate Gregory Viant Faull.
Congress Studying Daily Fantasy Sports at Federal Level Concludes
A hearing to determine a need for regulation of the Daily Fantasy Sports industry at the federal level took place May 11 in Washington, DC and concluded almost exactly a Noon Eastern Standard Time.
Purdum: Expect Broader Conversation on US Sports Betting at Congressional Hearing on DFS
Wednesday’s scheduled Congressional hearing to deal with Daily Fantasy Sports contests will also encompass sports betting in general.
‘Inside Amy Schumer’ Turns Table on Fantasy Sports Players: Real Athletes Mock Bedroom Prowess
Comedy Central’s “Inside Amy Schumer” featured a skit in which a group of NFL players turning the table and looking back at all of us silly Joe and Janes Fantasy Freaks who regular curse them out....
RI Chief of Staff Negotiating DraftKings Legality as Wife Applied for VP Job There
Rhode Island Governor Gina Raimondo’s Chief of Staff Stephen Neuman had been negotiating legislation tied to the fate of Boston-based DraftKings at the very time his wife was interviewing for a job as Vice President of the Daily Fantasy Sports firm.
Rico Action Against DerbyWars Horse Racing Fantasy Gaming Site Dismissed
A California federal judge on Monday dismissed three of the four causes of action in a civil lawsuit filed by tracks owned by The Stronach Group (TSG) against the online fantasy gaming site DerbyWars.
Texas AG Wants DraftKings Lawsuit Moved or Dismissed: Claims DFS Illegal
Texas Attorney General Ken Paxton says he wants a lawsuit filed by DraftKings to be moved to another venue or dismissed entirely.
Daily Fantasy Sports Bill Signed by Tennessee Governor (Update)
Tennessee Governor Bill Haslam signed off on a bill that will make Daily Fantasy Sports in the state legal.
Fantasy Sports Bill Clears in Colorado: Companies Will Have to Pay Fee
Colorado is closer to regulating fantasy online sports leagues. A bill requiring fantasy-sports operators to register with the state passed the House 44-21 Monday.
Fantasy Hub Founder on Closure: Investors Started Fleeing
Fantasy Hub founder Steven Plappert finally broke his silence regarding the abrupt closure of his Louisville startup Daily Fantasy Sports company.
Fast Company: How FanDuel CEO is Fighting Back Against Detractors
One of the best magazines on the planet, Fast Company, features an interview with FanDuel CEO Nigel Eccles in which he insists that his company will survive the regulatory pressure and government skepticism that has plagued the Daily Fantasy Sports sector for the past six months.
Tony Romo Fantasy Football Event Moves to LA After NFL Threatens Players
DALLAS — (Associated Press) - Tony Romo is ready for another attempt at a fantasy football event that organizers say the NFL essentially nixed last year because of plans to hold the fan-centric activities in Las Vegas.
House Hearing on Legality of Daily Fantasy Sports, Online Gambling Next Month
David Purdum of ESPN reported Thursday that the House of Representatives’ Subcommittee on Commerce, Manufacturing and Trade will hold a hearing on Wednesday, May 11 to consider the legal status of Daily Fantasy Sports, online gambling and sports betting.
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Strange: ‘FanDuel, DraftKings Illegal in Alabama’
You would think that the state of Alabama would have more to worry about than DraftKings and FanDuel in the wake of a scandal involving its Governor caught up in a messy extra-marital affair.
Attorney General Luther Strange released the following statement Tuesday:
Connecticut One Step Closer to Regulating Daily Fantasy Sports
HARTFORD, Conn. (Associated Press) — Connecticut moved closer Thursday toward becoming the latest state to regulate the fast-growing online fantasy sports industry.
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G911 Owner Talks DFS Industry With DFSE Organizer Marc Lesnick
Review of the Daily Fantasy Sports Expo, that took place March 3-4, 2016 at the Deauville Beach Resort Miami. Chris Costigan (Publisher of Gambling911.com.) and Marc Lesnick (Conference Organizer) review the final panel as well as other elements of the industry. Watch below.
Virginia Becomes First State to Approve Fantasy Sports Specific Regulation
RICHMOND, Va. (Associated Press) -- Virginia has become the first state to approve legislation regulating the fast-growing but embattled online fantasy sports industry.
Gov. Terry McAuliffe signed legislation Monday that formally legalizes and regulates sites such as FanDuel and DraftKings.
Smaller DFS Sites Not Bothered by DraftKings, FanDuel
With Daily Fantasy Sports behemoths DraftKings and FanDuel pushing for steep state licensing fees, smaller DFS sites the likes of Statzup.com.
During last week’s closing panel of the Daily Fantasy Sports Expo in Miami Beach, moderated by Gambling911.com’s founder Chris Costigan, Statzup CFO Tamas Varga said sites like DraftKings and FanDuel help his own company.
“They come in and play at DraftKings or FanDuel then come play with us and like us more,” he said.
Groups Demand NFL Shut Down Fantasy Football Site That Targets Children
In light of all the hoopla surrounding the legality of Daily Fantasy Sports websites like DraftKings and FanDuel, two groups In light of all the hoopla surrounding the legality of Daily Fantasy Sports websites like DraftKings and FanDuel, two groups have stepped forward urging the NFL to get rid of its own fantasy sports site that targets prepubescent boys between the ages of 6 and 12.
Virginia Poised to Allow Daily Fantasy Sports
DraftKings and FanDuel could soon find a home in Virginia with that state’s lawmakers looking favorably at the new Daily Fantasy Sports sector.
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“Fantasy sports have become very popular in my district and across the commonwealth,” said Senator Ryan McDougle. “Over a million individuals play fantasy sports now just in Virginia.”
Vivid Entertainment CEO: ‘Fantasy Sports and Naked Women Have Lots in Common’
The largest adult entertainment company in the world, Vivid Entertainment, is set to join the DraftDay Daily Fantasy Sports platform in an effort to further diversify.
Vivid’s dipping their toes into the DFS sector is nothing new as they are coming off a stint with software provider MGT.
New Jersey Gets Rare en Banc Rehearing in Sports Betting Case
Our sister site BettingNewJersey.com has all the latest news as it relates to online gambling in New Jersey.
New Jersey Gets Rare en Banc Rehearing in Sports Betting Case - New Jersey has another chance to make its case to offer traditional sports betting at Monmouth Park and other racetracks and casinos, getting a rare en banc rehearing Wednesday from the federal Third Circuit Court of Appeals in Philadelphia.
New Funding for DraftKings Possible as Value Declines 60 Percent
Following news that Fox Sports had devalued Daily Fantasy Sports juggernaut and pseudo partner DraftKings by 60 percent, at least one media outlet is reporting a possible new round of funding for the beleaguered company.
Eric Fisher of the Sports Business Journal tweeted Wednesday:
There have been rumors - unconfirmed - of potential new funding for DraftKings. If it happens, could be looking at a down round.
