Tag Archives: FanDuel

UK launch makes trouble for DraftKings at home

Last week saw the long delayed launch of DraftKings in the UK, and whilst this opens up a potentially lucrative new revenue stream it may create more problems for the company and other DFS operators on home turf in the USA. The argument has been raging for some time now, are the likes of FanDuel and DraftKings truly games of skill or, as many state prosecutors …

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Hawaii prosecutor demands DFS sites stop taking bets

Following the decision last week by Hawaii Attorney General Doug Chin that daily fantasy sports constitute gambling, Honolulu Prosecuting Attorney Keith Kaneshiro has demanded that two fantasy sports sites stop taking bets from Honolulu residents.  Alongside Utah, Hawaii is the only other US state which does not allow some form of legalised gambling. In a letter on Monday of this week …

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Texas AG deems DFS games to be illegal

The beginning of 2016, sees a further setback for leading daily fantasy sports (DFS) operators’ FanDuel and DraftKings, following the announcement by Texas Attorney General Ken Paxton that deems DFS to be an illegal game of chance in the Lone Star state. Responding to a query put forward by the Texas House of Representatives Committee on Public Health, debating the legality …

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California gives daily fantasy sites a boost

The current state of affairs regarding whether or not daily fantasy sports constitute gambling has been causing the companies offering such services major issues in recent times, with numerous investigations ongoing. The likes of DraftKings, FanDuel and others have been given a lift though, with the state of California having taken a step to permitting, taxing and regulating the industry.  Other states …

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eSports 2015 SBC report – Part 2

Following Part 1’s assessment of the key occurrences in the eSports industry from a business perspective in the opening six months of 2015, here’s more of the same for the latter part of the year. August Ashton Kutcher became the latest high profile investor in eSports as he joined billionaire Mark Cuban in investing in Unikrn. Kutcher has a successful …

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Mark Cuban believes US legalisation of gambling is inevitable

In an interview with Fortune Mark Cuban, US businessman and investor, stated his belief that the USA will legalise sports betting. When quizzed on the recent, and ongoing, investigations into the legality of daily fantasy sports firms such as FanDuel and DraftKings, Cuban said that he believes it is “inevitable” that gambling will be legalised. He added: “It will take …

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Daily fantasy sports firms agree fast tracked court date

Two of the world’s largest daily fantasy sports companies, DraftKings and FanDuel, have agreed a fast tracked court schedule with Illinois Attorney General Lisa Madigan. This follows a decision by Madigan that daily fantasy sports constitute illegal gambling and as such would no longer be allowed in the state of Illinois. Both DraftKings and FanDuel have filed litigation against this opinion, and as such …

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DraftKings delays UK launch to early 2016

DraftKings Inc has delayed its planned product launch for the UK fantasy sports market, pushing back its release to “early next year”. The US based fantasy sports operator, confirmed the delay this morning via the release of a short statement. Having gained a UK Gambling Commission (UKGC) licence in August, DraftKings had earmarked the release of dedicated UK DFS product …

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FanDuel and DraftKings to remain operational in New York

The ongoing investigations into the legality of daily fantasy sports hit New York recently, with a ruling stating that neither DraftKings nor FanDuel would be allowed to conduct business in the state for the foreseeable future. Despite this ruling though it has been announced that both companies will be allowed to remain operational in New York, for the time-being at …

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New York Supreme Court to deliver DFS verdict ‘soon’

Market leading DFS operators DraftKings and FanDuel have been allowed to temporarily service consumers in New York as state legislators debate the legal futures of the their business services. On Wednesday New York Supreme Court Justice Manuel Mendez heard oral arguments defending and opposing DFS services in the state of New York. Mendez would allow the operators to continue New …

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