Posts tagged ‘DFS’

Paddy Power BetFair Purchases Majority Share of FanDuel

May 23, 2018

The UK bookie giant buys majority share of the Daily Fantasy heavyweight. We have had our eye on this possible merger for a few weeks and first reported it last week. The purchase price is that Paddy Power “will contribute its existing US assets and $158 million in cash.” The cash will be used to […]

UK Bookies Eye US Market – Paddy Power to Acquire FanDuel?

May 16, 2018

Everyone has heard by now that the Supreme Court of the USA struck down the 1992 PAPSA legislation which forbid sports betting in most of the USA. But now many are asking what’s next. As we have reported over the last year, almost half of the states within the United States are making moves toward […]

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. […]

MLB and NBA Drop Equity Stakes in Daily Fantasy Sports

April 21, 2018

This is good news for people out there wanting to be able to bet sports at a local state level. MLB and the NBA have officially dropped their investment stakes in FanDuel and DraftKings. This is an obvious sign that they fully expect the Supreme Court to allow states to regulate sports betting on their […]

Judges Rules Fantasy Horse Racing Is Wagering

May 19, 2017

In California, a federal judge ruled that the services offered by Derby Wars the fantasy horse racing website are equal to wagers and not contests. This week, the federal judge granted a request by the Stronach Group for partial summary judgement against purveyors of the game that is horse racing based. The judge also decided […]

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‚Äôs 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 […]

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 […]

More States Adopt Daily Fantasy Sports Regulations

July 19, 2016

A minimum of six states have adopted laws governing Fantasy Sports, while another 21 did not. The six states are Colorado, Indiana, Mississippi, Missouri, Tennessee and Virginia. The six enacted laws that legalized as well as regulate games that are offered by sites such as FanDuel, DraftKings and dozens more small Daily Fantasy Sports operators. […]

Daily Fantasy Sports Companies’ Problems Persist, Capital Funding Drops

February 14, 2016

Anyone who watches any television has seen the deluge of daily fantasy sports advertisements from the two heavyweights in the industry: FanDuel and DraftKings. According to one analyst, DraftKings and FanDuel combined to spend over $150 million during the third quarter of just 2015 on Internet and television advertising. This phenomenon of winning millions with […]