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Colorado Lawmakers Want 'Office of Fantasy Sports'

Colorado lawmakers are examining the idea of opening up an, "Office of Daily Fantasy Sports," to regulate and license daily fantasy sports (DFS) sites. It's an idea that's supported by the the fantasy sports industry and, if successful, could catch on nationwide. The bill was introduced last week and has received bipartisan support at the…

Virginia Daily Fantasy Sports Legalization Comes with a Hefty Price Tag

With the passage of the Fantasy Contests Act, Virginia recently became the first US State to legalize daily fantasy sports. It's a massive leap forward for the beleaguered daily fantasy sports industry, but it might not be such great news for smaller and start-up operators. At its core, the Fantasy Contests Act, which was signed…

Daily Fantasy Sports Gets Tough Talk from Nevada Gaming Regulators

The Nevada Gaming Policy Commission came out this week for a public discussion on the fate of Silver State-facing daily fantasy sports sites and the tone of the discussion was not favorable for DFS operators, according to LegalSportsReport.com. In short, Nevada regulators don't seem to be buying into the argument made by DraftKings CEO Jason…

One Down, 49 to Go – Virginia Approves Daily Fantasy Sports Bill

The Commonwealth of Virginia has become the first U.S. State to legalize and regulate daily fantasy sports. It's the first good news the beleaguered daily fantasy sports industry has had since its free-fall began last October. The Fantasy Contests Act (SB 646) was approved by both houses of the Virginia Legislature and is now awaiting …

Daily Fantasy Sports Nightmare Continues with FanDuel Lay Offs

Things are going from bad to worse for the once red hot daily fantasy sports business. This week's bad news comes out of FanDuel's Orlando, Florida office where 55 employees just got served with pink slips. The lay offs, which seemed sort of inevitable, hit a group of what the company described as, "developers who…

Citibank Stops Processing NY Daily Fantasy Sports Transactions

The week leading up to Super Bowl 50 should have been the US-facing daily fantasy sports industry's big moment. Instead, the week was punctuated with even more bad news for the beleaguered vertical's two biggest players. On Friday afternoon Citibank announced that it would no longer be processing daily fantasy sports transactions that come out…