Fantasy Sports Industry News
Fantasy Sports Industry News
No FanDuel Super Bowl 50 Contests: Citigroup No Longer Accepting Transactions
Gambling911.com has received confirmation that FanDuel will not be offering any Super Bowl 50 contests. Furthermore, Citigroup just announced that they will no longer allow transactions for either FanDuel or DraftKings via their bank-issued cards.
No DraftKings Super Bowl 50 Contests
Gambling911.com has been receiving a number of inquiries as to whether DraftKings and FanDuel will be offering any Super Bowl 50 contests.
Bills in Hawaii Would Legalize Fantasy Sports, State Lottery
HONOLULU (Associated Press) - Lawmakers in Hawaii want to make an exception to the state's gambling ban by legalizing fantasy sports contests.
After Years of Intolerance, Sports Leagues Getting Into Bed With Wagering Firms
ESPN.com has come out with a report on the major sports leagues embracing of the gambling industry after years of intolerance.
The sports media outlet points out a number of recent examples:
DFS Fight Comes to the Heartland as Nebraska Legislators Mull Over Bill
LINCOLN, Nebraska — (Associated Press) - Gambling opponents are fighting a bill that would allow fantasy sports websites to operate in Nebraska, even though the industry estimates that 300,000 people in the state are already playing.
Ad: Bet Live In-Play, Up to $2500 Free Cash at Bookmaker, Since 1986
Phil Ivey Launches Daily Fantasy Sports Site: PhilIveyDFS.com
One of the most successful professional poker players, Phil Ivey, was set to launch his very own Daily Fantasy Sports site, PhilIveyDFS.com
Ad: Bet Live In-Play, Up to $2500 Free Cash at Bookmaker, Since 1986
The site will be hosted on the iTeam Network, a DFS turnkey platform, next month (February 2016).
Mark Cuban Says Texas AG Needs to Stop ‘Grandstanding’ in Wake of DFS Decision
Texas Attorney General Ken Paxton declared daily fantasy sports illegal in his state Tuesday, putting more pressure on the embattled industry and leading sites DraftKings and FanDuel.
Ad: Bet Live In-Play, Up to $2500 Free Cash at Bookmaker, Since 1986
Massachusetts Man Sues DraftKings For Millions After Losing $175
A Massachusetts man is suing Boston-based DraftKings for millions of dollars alleging the company was running an “illegal online sports betting business” in which he lost (drum roll please) $175.
Ad: Claim Your 100% Matching Signup Bonus and Next Day Payouts at AmericasBookie Here
Daily Fantasy Sports Sites Raise Concern Over Massachusetts Regulations
BOSTON — The Associated Press - Daily fantasy sports operators raised objections Tuesday to some of the regulations proposed for the online contests in Massachusetts, including a minimum 21-year-old age and restrictions on how much players can spend each month.
Picking sides on the Legality of Fantasy Sports
The Fantasy Sports Debate has recently been heating up with the state of New York first banning residents from participating in DraftKings and FanDuel, and then just the other day an appellate court ruled in favor of allowing both companies to continue to operate in New York while their appeal is being heard.
Brand New Fantasy Sports Option Explained by AceSportsbook
It was only a matter of time before one of the best sportsbooks in the world decided to get in the Fantasy mix and begin offering Fantasy style betting options.
AceSportsbook.com has just unveiled a brand new Fantasy Football player betting option that have over and unders for specific players, and player match ups with a spread and a combined over/under total for the two players.
Online Sportsbook Now Offering Fantasy Sports Option
Fantasy Sports has exploded into an multi-billion dollar a year business, with FanDuel and DraftKings leading the way with fantasy tournaments and daily games.
Breaking News: Daily Fantasy Sports Regulation Bill in CA Passes Assembly Vote
California, which just happens to be the world’s eighth largest economy, is the latest state to examine the legality of Daily Fantasy Sports.
A bill introduced by Assemblyman Adam Gray went to a committee vote in Sacramento Wednesday (January 6, 2016). Had it failed to pass the Assembly by the end of the month, the process would then need to begin anew.
PayPal Shutting Down DraftKings, FanDuel Transactions
Following a precedent-setting decision by a Superior Judge Friday morning ordering Daily Fantasy Sports sites DraftKings and FanDuel to halt operating in New York, leading payment processing company PayPal has decided to stop permitting money transfers to and from those websites.
New Book Exposes the Underbelly of Daily Fantasy Sports
A new book that promises to blow the lid off the inner secrets of the daily fantasy sports industry has just been released and anyone who participates in the popular pastime will find the book not just fascinating but also financially rewarding.
Ad: Claim Your 100% Matching Signup Bonus and Next Day Payouts at AmericasBookie Here
Mike Francesa Loses His Mind Arguing With Assemblyman Dean Murray Over DFS Bill
Radio host Mike Francesa went off on New York State Assemblyman Dean Murray for proposing legislation that would make Daily Fantasy Sports a “game of skill”.
"Why would you do that?" Francesa said. "It is not a game of skill, it's a game of chance."
A New York judge was in the process of determining just that as of Wednesday when this was being published.
This would ultimately turn into a heated back and forth between the two.
"I know, I know, you know it all," Murray said. "You have no concept."
Key NY Lawmakers Throw Daily Fantasy Sports a Lifeline
(Associated Press) - Key Lawmakers Say Daily Fantasy Sports Will be Legal in NY No Matter What Court Decides - The chairman of a state legislative committee with authority over gambling predicts New York will legalize and regulate daily fantasy sports, no matter how a court fight centered on the lucrative industry turns out.
Vote Eric Schneiderman Out of Office, DraftKings, FanDuel Proclaim
Daily Fantasy Sports leaders DraftKings and FanDuel want their customers to vote New York Attorney General Eric Schneiderman out of office.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
Olens recently told the Augusta Chronicle that the issue is pending in his office.
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.
A Republican disagreeing with a Democratic? Unheard of, right?
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.
