Tag Archives: FanDuel

DraftKings and FanDuel – College Dropouts

As part of a deal with the NCAA (National Collegiate Athletic Association) daily fantasy sports operators DraftKings and Fanduel are dropping college sports from their offerings across all states, effective from the end of this week. This dual decision follows months of talks between the companies and the NCAA. NCAA president Mark Emmert said this in a statement issued on …

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DraftKings and FanDuel shut down in New York

Both DraftKings and FanDuel agreed to stop real money contests in New York on Monday after a settlement was agreed with New York Attorney General Eric Schneiderman.  The settlement ensures that should the games be legalised in the state this year then the gambling claims against them will be dropped, though there may still be charges for false advertising and a lack …

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Virginia becomes the first to formally legalise daily fantasy sports

A big day for DFS in the United States as Virginia has become the first state to formally legalise daily fantasy sports.  On Monday 8th March a law was passed, the ‘Fantasy Contests Act’ which will allow the likes of FanDuel, DraftKings and others to legally offer paid contests in Virginia. DFS operators will be hoping that the state has …

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Viktor Enoksen – FantasyBet – BOFCON Speaker

Daily fantasy sports (DFS) has been a growing phenomenon in the football and sports betting industries, which is why SBC are so excited about the Fantasy Stars panel at #bofcon in April. With DFS making such a big noise in the United States, our expert panel will discuss the understandable clamour for it here in Europe and how it can …

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FanDuel will leave Texas in May but DraftKings will fight on

The latest in the saga that is the daily fantasy sports legal battles in the States is that FanDuel will be leaving Texas in May, whilst DraftKings has decided to continue to fight for the legal recognition of its paid DFS contests in the state. This is particularly big news as Texas is responsible for a significant chunk of DFS …

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DraftKings drops esports sponsorships

Late last week it was announced that DraftKings has decided to pull its sponsorships of major esports organisations. It’s believed that this is due to the mounting costs of the daily fantasy sports operator’s numerous legal battles in states throughout the US. In September DraftKings was one of many companies committing to esports financially, and it agreed deals with the …

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Virginia looks to legalise daily fantasy sports

With the case for daily fantasy sports looking somewhat bleak in New York and a host of other states, industry operators, players and fans will be encouraged to see Virginia looking like it will move in the opposite direction. On Wednesday the Virginia State Assembly passed a measure setting up a legal framework for daily fantasy sports. This legislation was, …

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New Jersey’s bid to legalise sports betting continues

On Wednesday a court of twelve judges heard the case of whether New Jersey’s plan to introduce sportsbooks to its casinos and racetracks is legal under federal law.  The potential market in the USA is huge, as evidenced by the case of Nevada. Sports betting is legal there and $4.2bn (£2.9bn) was taken in wagering last year. Unsurprisingly many states are …

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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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