Daily Fantasy Sports News
The entire online sports betting industry in the United States is undergoing a major shift in both the scope and range of online sportsbooks. Offshore books located in regulated gaming markets in the Caribbean and Latin America have been catering to US bettors for years. Certain federal laws concerning money wire transfers clouded the legality of US sports betting in the country. However, it has never been illegal to bet on sports at one of these online betting venues.
Bitcoin hasn’t gained much traction in daily fantasy sports yet but the potential benefits for the sector are significant.
At the halfway point in the season, it’s fair to say that not all of the football pundits’ predictions have come true as far as rookies are concerned. Here, however, are a few young quarterbacks that are living up to their potential and could have some relevance for fantasy sport in the future.
Carson Wentz (Philadelphia Eagles)
ALBANY, N.Y.— (Associated Press) - Gov. Andrew Cuomo signed a bill into law Wednesday to allow the resumption of daily fantasy sports in New York.
The measure calls the popular online contests a “game of skill.” That legal definition resolves the central argument in a lawsuit brought against the country’s two top fantasy-sports companies by the state attorney general. He had likened the online matches to illegal gambling operations based on chance.
London – Oulala.com, the daily fantasy sports (DFS) operator and B2B provider, will unveil its monetised platform for Australasia and the Indian subcontinent at the beginning of the new football season.
The latest expansion of the European daily fantasy football site is a white label agreement between OulalaGames and Cardinal House Group, the Australian registered B2B and B2C provider of online social gaming products and real money gambling platforms.
HARRISBURG, Pa. (Associated Press) - The Pennsylvania House of Representatives passed legislation Tuesday to expand legalized casino-style gambling to websites, airports and mobile applications. The measure passed, 114-85, and was sent to the Senate. Here is a look at the highlights:
DraftKings players have until Monday June 27, 2016 to enter the DraftKings Euros $10K Striker contest for a chance to win $1500 (the grand prize).
This 3921-player contest features $10,000.00 in total prizes and pays out the top 781 finishing positions. First place wins $1,500.00, second place $750 and third place $500.
DraftKings, the world’s second biggest Daily Fantasy Sports site, has recently begun to focus more heavily on the explosive fantasy soccer market, primarily in Europe.
- Brian Stern
Illinois lawmakers are considering a bill that would legalize and tax online Fantasy Sports betting.
An Illinois House Committee has approved a bill which would allow websites like FanDuel and DraftKings to legally operate despite objections of the Illinois Gaming board, the gambling industry, and some state lawmakers.
The measure would ban company employees as well as those under the age of 21 from playing Daily Fantasy Sports games for real cash.
Not everybody was on board with the legislation.
The fantasy sports betting market has exploded. As we have seen from the massive expansion and rise of Fanduel and Draftkings. We have also started to see a contraction as more and more states are clamping down and questioning their legality as some try to frame it as “Daily Wagering” and others are trying to frame it as a “Game of skill”.
Over the last decade, fantasy sport games have been on the rise. In fact, there are now fantasy games available for most sports, including football, soccer and basketball. Some of these games are daily, some are weekly and some are yearly but they all have one thing in common - competitive play. Everybody wants to win fantasy sports games. And this is one of the key similarities between fantasy sport games and general slots that you find in a casino - everybody wants to win.