During the peak of its advertising and sponsorship blitz last fall, DraftKings was slapping its logo on pretty much anything that stood still. Besides its endless run of television and radio advertisements, the daily fantasy sports giant also sponsored six major esports teams. Well, that was then and this is now. This week, DraftKings announced…
Tony Romo's bid to host a daily fantasy sports expo suffered a major setback this week in a Dallas court room. At issue is whether or not the NFL was guilty of tortious interference when it cancelled a daily fantasy sports convention Romo was hosting at the Venetian Hotel and Casino in Las Vegas last…
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 …
If you've been wondering what daily fantasy sports sites like DraftKings and Fan Duel have been doing with all that money they used to spend on advertising, your wait is over. It turns out that a big chunk of that money is going to high-powered Washington D.C. lobbyists and lawyers. According to a report in…
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…
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…
The US-facing daily fantasy sports industry is about to learn a lesson that other US-facing operators learned long ago; doing business without a payment processor is next to impossible. Late last week, Vantiv Entertainment Solutions, sent word to Draft Kings and Fan Duel that, as if February 29, it would no longer be handling payments…
Script wielding sharks are overrunning daily fantasy sports sites and that's just not good for business. To combat this legion of number crunchers the industry's biggest site, DraftKings has introduced measures it hopes will level the DFS playing field. Earlier this month, DraftKings announced that it would no longer allow players to use outside scripts…
Texas is the latest US State to ban daily fantasy sports (DFS) because they constitute, "illegal gambling." That means that, as of this writing, about 25% of the US population cannot legally play DFS. Ken Paxton, the Texas Attorney General, delivered the industry's latest ration of bad news in a no-nonsense statement saying: Paid daily…
The daily fantasy sports industry is in a fight for its life in courtrooms and state houses across the United States. While these battles are bruising, and costly, DFS operators have actually scored a couple big wins since the new year dawned. The first big win came in New York state, where the state's attorney…
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