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