SACRAMENTO — (Associated Press) - California’s state Assembly approved minimal regulations Wednesday for the fast-growing daily fantasy sports industry amid a national debate over whether the online games violate states' gambling laws.
A class action lawsuit filed in the state of Oregon claims that Daily Fantasy Sports sites DraftKings and FanDuel are in violation of state laws.
More specifically, the complaint alleges that both companies operate as illegal online sports wagering while providing an unfair advantage to company employees.
One of the more successful Daily Fantasy Sports players, Maxdalury (real name unknown), has premiered his new DFS all-in work station RotoQL.com.
LAS VEGAS, - iTEAM Network announced today that Phil Ivey, widely considered the world's most talented poker player, will launch PhilIveyDFS on their Daily Fantasy Sports (DFS) platform.
"I've kind of made enough money to not have to worry about going down the internship and job path," Aaron said.
Boston-based Daily Fantasy Sports site DraftKings has appointed Janet Holian as its first-ever chief marketing officer. The co-founders previously worked with Holian at VistaPrint.
When asked about the massive ad blitze that could have resulted in various Attorney Generals coming after DraftKings and rival FanDuel, Holian did admit "we could have reduced the ads a bit".
Virginia lawmakers intend to file three bills with the General Assembly that would uphold Daily Fantasy Sports contests for cash as legal. They have proposed regulations in place to protect consumers.
Two versions have been filed in the House - one by a Republican and one by two Democrats - and a third bill is expected to be filed in the Senate.
Appellate Court Rules in Favor of DraftKings, FanDuel in New York - An appellate panel has ruled in favor of daily fantasy sports sites DraftKings and FanDuel, allowing both to continue operating in the state of New York while their appeal is being heard, according to Darren Rovell of ESPN. Read the DraftKings Appellant Ruling (PDF)
A bill to legalize and regulate Daily Fantasy Sports in the state of California drafted by Assemblyman Adam Gray went to a committee vote in Sacramento Wednesday (January 6, 2016) and passed almost unanimously.
Jay Caspian Kang of the New York Times Magazine has written a great piece on the Sharks vs. Fish phenomenon in Daily Fantasy Sports, better described as “Those in The Know vs. Suckers”.
One of the hottest esports startups of 2015 is shutting down the core of its business, that being its real money fantasy contests.
The company made the shock announcement on Monay.
The move comes in response to increasing regulation on daily fantasy sports in many States around the country.
In the wake of New York and a handful of other states efforts to scare off Daily Fantasy Sports sites the likes of DraftKings and FanDuel, Indiana is taking on an entirely different approach.
Rick Moran of American Thinker expressed dismay over New York Attorney General Eric Schneiderman’s attempts to “destroy two legitimate companies”, those being Daily Fantasy Sports sites DraftKings and FanDuel.
(Associated Press) - New York's attorney general has filed a lawsuit asking FanDuel and DraftKings to give back all the money they made in the state, the latest salvo in an ongoing clash with a pair of increasingly popular daily fantasy sports websites.
A Hall of Fame bookmaker and a former executive consultant for Del Mar Thoroughbred Club are teaming up to offer a new version of daily fantasy sports, based on an old form of betting (pari-mutuel wagering), that could be coming to a race track near you.
CHICAGO — (Associated Press) - New York-based FanDuel and Boston-based DraftKings filed separate lawsuits against Illinois Attorney General Lisa Madigan on Thursday, a day after she declared daily fantasy sports betting illegal in the state.
One of the better pieces dealing with the sports wagering industry we have read in some time also delves into the relationship between the NFL and Daily Fantasy Sports firms DraftKings and FanDuel.
More so the article focuses in on SportsRadar’s new deal with the National Football League and that companies long cozy relationship with sports betting firms.
SACRAMENTO, Calif. (Associated Press) — Purveyors of daily fantasy sports gaming made their pitch for minimal regulations for the fast-growing industry before a panel of California lawmakers on Wednesday, arguing that the online sports matchups are a harmless outlet for fans and purely based on skill, not chance.
FanDuel and DraftKings each saw a drop in entry fees for their typically lucrative NFL contests last weekend, even after a New York appeals court granted the daily fantasy sports operators temporary permission to resume business in the state, according to Fox Business. Sagging revenues are being blamed on both companies expensive legal battle with the state of New York following Attorney General Eric Schneiderman’s declaration that both engage in illegal online gambling.
Over 40 speakers have already committed to the 2nd ever Daily Fantasy Sports Expo to be held once again in Miami Beach March 3-4, 2016.
"I am completely taken aback by the amount of interest in this conference, considering everything that has been transpiring iwithin the industry,' remarked conference organizer Marc Lesnick.
DraftKings and FanDuel have successfully obtained an injunctive relief through an emergency order which will allows both daily fantasy companies to continue to operate in the state of New York.
DraftKings legal counsel on Friday afternoon confirmed they would file an Emergency Notice of Appeal in the wake of a New York Superior Judge upholding a decision to ban it and rival FanDuel from operating in the Empire State.
Judge Manuel Mendez released his decision Friday morning.
(Associated Press) - Daily fantasy sports companies DraftKings and FanDuel are supporting Massachusetts' approach to regulating their industry.
The companies and other industry experts participated Thursday in a forum hosted by the Massachusetts Gaming Commission.