Posts tagged ‘Daily Fantasy Sports’

Fantasy Sports and Sports Betting Would be Perfect Fit

May 8, 2018

Sports fans and entertainment companies alike are collectively awaiting the Supreme Court’s decision on the matter of sports betting. Any day now they are expected to strike down an antiquated law that prohibits sports betting and instead allow states to decide the matter for themselves. Afterall, the country is called the United STATES of America. […]

Daily Fantasy Sports’ FastPick Blurs Sports Betting Line Even More

July 19, 2017

The first daily fantasy sports platform in Atlantic City will take a new approach to online contests. FastPick puts a spin on traditional games by putting the bettor up against the casino, not other DFS players. The goal of the concept is eliminate the sharks who many feel are winning the overwhelming majority of prizes […]

DraftKings and FanDuel Call Off Merger Plan

July 14, 2017

DraftKings and rival FanDuel the two leading operators of daily fantasy sports have called off their planned merger, said the two on Thursday. It brings an abrupt end to this deal that the majority has looked at as the best way moving forward for the two companies, but one that also drew much scrutiny and […]

DRAFT Acquired by Paddy Power Betfair for $19 Million

May 11, 2017

Paddy Power Betfair the powerhouse bookmaker in Europe decided to enter the United States daily fantasy sports market. The bookmaker announced on Wednesday it acquired daily fantasy mobile app DRAFT for a price of $19 million, with additional cash considerations that could reach as high as $29 million during the upcoming four years. That total […]

NFL Ending Partnerships with FanDuel and DraftKings

March 31, 2017

FanDuel and DraftKings are coming under siege. Now it is not just attorneys general and lawmakers in different states trying to determine the legality of the daily online contests. With the NFL’s Oakland Raiders receiving the official clearance to move to Las Vegas and March Madness currently bringing the discussion of sports betting to the […]

Kentucky Says No For Now to Daily Fantasy Sports

March 5, 2017

Kentucky became the latest U.S. state to look into Daily Fantasy Sports with bill H 414 being introduced to the lawmakers in February. However, the measure was defeated by Kentucky’s House only two weeks after being drafted. The author of the bill was Adam Koenig a state representative. The measure would legalize Daily Fantasy Sports […]

Powerhouses of Daily Fantasy Sports Likely to Merge

October 31, 2016

DraftKings and FanDuel, the two most dominant players in the growing industry of daily fantasy sports are said to be finalizing a deal for a merger, says a number of reliable sources that have knowledge of the situation. A deal of this nature has been long rumored but never before considered imminent like it was […]

U.S. Congress to Review Federal Laws on Gambling

October 22, 2016

A committee made up of members of the U.S. Congress is reviewing the federal laws pertaining to gambling that include a prohibition on betting on sports that is 24 years old. The committee is planning to introduce new legislation to address daily fantasy sports as well as other types of gaming. In a prepared statement […]

DraftKings Finds More Investors in Partnership with Revolution Growth

September 2, 2016

DraftKings the operator of Daily Fantasy Sports announced on Thursday that it ended a round of funding by raising $153 million with venture capital company Revolution Growth that Ted Leonsis co-founded. Leonsis is the owner of the Washington Capitals and Washington Wizards. The funding includes some new investors said Jason Robins the CEO at DraftKings. […]

New York Approves Daily Fantasy Sports As Governor Signs Bill

August 4, 2016

Governor Andrew Cuomo officially signed a Fantasy Sports Bill on Wednesday into law legalizing fantasy sports for the state of New York. The battle to have fantasy sports made legal in New York has been going on for nine months. With the bill now signed, that battle has come to an end. Cuomo requested a […]