Fantasy Sports Industry News
Fantasy Sports Industry News
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.
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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.
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.
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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.
