The US Federal Trade Commission (FTC) has filed suit in an effort to block the proposed merger of daily fantasy sports giants DraftKings and FanDuel. This is very bad news for the beleaguered US-facing daily fantasy sports industry. In filings associated with the lawsuit, FTC lawyers stated that their efforts are being made in order…
The proposed merger between daily fantasy sports giants FanDuel and DraftKings could be in jeopardy because of objections from the Federal Trade Commission (FTC). It's just the latest headache for a US-facing daily fantasy sports business that's already fighting for its life across the nation. According to a report on Redcode.net, the Board of Commissioners…
The Illinois State Senate quietly passed a bill this week that both regulates daily fantasy sports (DFS) and legalizes online gambling throughout the Land of Lincoln. But online gambling is still a very long ways from becoming a legal reality in Illinois. Observers of Illinois politics were stunned by the fact that the bill (HB…
The Alabama House of Representatives recently passed a bill that not only legalizes daily fantasy sports in the state, but also deems them a game of skill. The measure passed by the narrowest of margins after several hours of debate. With the passage of the measure in the House, it's now headed to the Alabama Sentate,…
PlayON Sports is partnering with the NBA to become the league's official daily fantasy sports operator for international markets. The deal is a major step forward for PlayON and something of a slap in the face to DFS giants DraftKings and FanDuel. Under the terms of the deal, PlayON will be providing daily fantasy sports…
DraftKings secured $100 million in investor funding this week from an investment group that's headed by the part owner of the Los Angeles Dodgers. This latest influx of cash is great news for the troubled daily fantasy sports operator as it struggles to turn a profit and pay off its massive legal bills. Todd Boehly,…
Yahoo! has been issued a UK gambling license and is readying its daily fantasy sports (DFS) operations for UK punters. The company is now faced with the prospect of going head-to-head with FanDuel and DraftKings in the potentially massive UK DFS market. It's a big move for the company that was once known for its…
DraftKings and FanDuel, the two biggest names in daily fantasy sports (DFS) have agreed to merge their business operations. If approved, the deal would create a DFS behemoth that controls a full 80 percent of the US market. The deal, which was announced late last week, is a desperate bid for survival by two companies…
Are DraftKings and FanDuel finally running out of cash? That's the suggestion being made by the New York Times, Deadspin, and other media outlets on the eve of the daily fantasy sports giants long-awaited settlement with New York State. According to a report in yesterday's New York Times, DraftKings and FanDuel are both behind in…
A New York-based anti-gambling group is suing the State in hopes of stopping the daily fantasy sports business in its tracks. According to a lawsuit filed last week by a group called Stop Predatory Gambling, a deal struck recently by lawmakers that allowed the daily fantasy sports industry to continue operating in the state was…
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