Daily Fantasy Sports Legal
Legal News About Daily Fantasy Sports
Amaya Gaming, the parent company of PokerStars, has announced it will be ceasing operation of its real money Daily Fantasy Sports contests at its newly acquired StarsDraft brand pending state regulatory reviews.
Politico is reporting that Daily Fantasy Sports juggernauts FanDuel and DraftKings have begun a massive lobbying blitz in light of a recent scandal that made headlines across the airways last week.
Just days after allegations of potential insider trading at both DraftKings and FanDuel came to light, both companies are now facing a class action suit.
FanDuel, a leading Daily Fantasy Sports company, finds itself front and center of a massive scandal involving possible insider trading.
A DraftKings employee, Ethan Haskell, won $350,000 on that site using what many believe to have been information giving him an unfair advantage.
In a letter to both Daily Fantasy Sports behemoths DraftKing and FanDuel, New York Attorney General Eric T. Schneiderman demanded the names, job titles and descriptions of any employees who aggregate and compile a wide range of data that perhaps could be used to gain a personal advantage — including ownership percentages and pricing algorithms. The companies have until Oct. 15 to respond, according to the New York Times.
Responding to the shocking reports this week that a DraftKings employee had won $350,000 playing on a competing website, quite possibly with insider information, Major League Baseball – which owns a piece of DraftKings - issued the following statement.
A look into one of the largest Daily Fantasy Sports sites, DraftKings, by the Massachusetts Attorney General may at first seem like a scary thing. That is until we learn that DraftKings itself helped to initiate the process.
NFL Commissioner Roger Goodell addressed the Associated Press Sports Editors group Friday on a number of topics, including daily fantasy sports and the role gambling may play in the National Football League (NFL).
In particular, Goodell referenced a number of sponsorship deals between individual NFL franchises (and other professional sports teams) with daily fantasy companies the likes of DraftKings and FanDuel.
From the Canadian Press: