Daily Fantasy Sports News
Virginia lawmakers intend to file three bills with the General Assembly that would uphold Daily Fantasy Sports contests for cash as legal. They have proposed regulations in place to protect consumers.
Two versions have been filed in the House - one by a Republican and one by two Democrats - and a third bill is expected to be filed in the Senate.
Appellate Court Rules in Favor of DraftKings, FanDuel in New York - An appellate panel has ruled in favor of daily fantasy sports sites DraftKings and FanDuel, allowing both to continue operating in the state of New York while their appeal is being heard, according to Darren Rovell of ESPN. Read the DraftKings Appellant Ruling (PDF)
A bill to legalize and regulate Daily Fantasy Sports in the state of California drafted by Assemblyman Adam Gray went to a committee vote in Sacramento Wednesday (January 6, 2016) and passed almost unanimously.
Jay Caspian Kang of the New York Times Magazine has written a great piece on the Sharks vs. Fish phenomenon in Daily Fantasy Sports, better described as “Those in The Know vs. Suckers”.
One of the hottest esports startups of 2015 is shutting down the core of its business, that being its real money fantasy contests.
The company made the shock announcement on Monay.
The move comes in response to increasing regulation on daily fantasy sports in many States around the country.
A Hall of Fame bookmaker and a former executive consultant for Del Mar Thoroughbred Club are teaming up to offer a new version of daily fantasy sports, based on an old form of betting (pari-mutuel wagering), that could be coming to a race track near you.
One of the better pieces dealing with the sports wagering industry we have read in some time also delves into the relationship between the NFL and Daily Fantasy Sports firms DraftKings and FanDuel.
More so the article focuses in on SportsRadar’s new deal with the National Football League and that companies long cozy relationship with sports betting firms.
FanDuel and DraftKings each saw a drop in entry fees for their typically lucrative NFL contests last weekend, even after a New York appeals court granted the daily fantasy sports operators temporary permission to resume business in the state, according to Fox Business. Sagging revenues are being blamed on both companies expensive legal battle with the state of New York following Attorney General Eric Schneiderman’s declaration that both engage in illegal online gambling.
DFS911.com anticipates a decision in the New York state court matter involving DraftKings and FanDuel over the next two days and no later than Monday December 14. The following is an update from reporter Jeff Williams.
(Associated Press) - Sometime soon, perhaps in the next few days, a judge in New York is expected to issue an opinion that may go a long way in determining the future of the daily fantasy industry.
Justice Manuel Mendez could hand a lump of coal to FanDuel and DraftKings if he orders the two sites to stop operating in New York because they violate state gambling laws.