Colorado appears to be the latest state to propose regulations to help clear the increasingly blurred line between regulated sports betting and daily fantasy sports (DFS) prop pick 'ems. In this case, the Colorado Division of Gaming is focusing on the fact that, unlike traditional DFS products, prop pick 'ems pit players against the house…
Gaming regulators in Michigan are moving forward with a ban on the increasingly popular player prop pick 'ems found on daily fantasy sports (DFS)sites. The move comes as multiple states are banning the games, which lawmakers say are a form of unregulated sports betting, not DFS. The Michigan Gaming Control Board formally introduced the ban…
While regulated sports betting is busy conquering the US gambling market, a beef between rival daily fantasy sports operators is heating up. The battle started with The latest salvo in the DFS war comes from Underdog Fantasy CEO Jeremy Levine in the form of an open letter accusing DraftKings and FanDuel accusing them, among other…
Betr Holdings is expanding its product portfolio with the launch of Betr Picks, a daily fantasy sports (DFS) site. Betr Picks is set to launch across 24 states and will, like all Betr products, benefit greatly from its association with Youtube sensation and part owner, Jake Paul. Betr Picks is aimed at capturing the attention…
DraftKings' Q2 earnings included the bombshell news that the sports betting operator is being audited by the Internal Revenue Service (IRS) and was subpoenaed by the Securities and Exchange Commission (SEC) regarding activities undertaken by its recent SBTech acquisition. Both cases have the potential to cause major headaches for DraftKings, though company officials deny engaging…
Remember back at the height of the daily fantasy sports blitz in the United States when you couldn't go two minutes without running into a DraftKings or FanDuel advertisement? And do you also remember how both those companies swore up and and down that they weren't sports betting companies and were just simple operators of…
Small countries like Malta that collect big money from gambling licenses are sometimes viewed as being less stringent in their enforcement of gaming law than their larger counterparts. The recent case of Maltese-license daily fantasy sports operator, the Daily Fantasy Football Company (DFFC) proves that the Maltese Gaming Authority (MGA) is every bit as tight…
Nigel Eccles is the co-founder of daily fantasy sports (DFS) giant FanDuel, but didn't receive a single penny when the company was sold to Paddy Power earlier this year. FanDuel's $465 million valuation didn't, according to Eccles, take into account the possibility of legal sports betting in America and that resulted in a lower value…
Are daily fantasy sports (DFSS) contests games of skill, or games of chance? That's a multi-million, possibly multi-billion, dollar question that's kept the DFS market spinning its wheels in a number of countries. Fortunately, for DFS operators, a recent study by researchers at Kansas State University found that DFS is definitely a game of skill…
Daily fantasy sports (DFS) giant DraftKings has received approval to expand its operations into the northern part of Australia. It's a big move for the operator that opens its services to millions of new customers. News of DraftKings' move broke earlier this week when the operator received approval from the Northern Territory Racing Commission to…
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