Fantasy Sports Industry News
Fantasy Sports Industry News
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.
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.
Ad: Claim Your 100% Matching Signup Bonus at AmericasBookie Here
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”.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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)
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.
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.
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.
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.
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.
‘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.
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.
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.
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.
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.
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.
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.
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
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.
