Just when it looked like things couldn't get much worse for the daily fantasy sports industry, the New York State attorney general Eric Schneiderman has thrown a new set of worries their way. He's demanding that Draft Kings and Fan Duel refund every penny the New York-based players have lost on their sites. $5,000 per New…
The daily fantasy sports (DFS) industry is fighting back against the Illinois Attorney General and her claim that their games are tantamount to gambling. Earlier this week, DraftKings filed suit against Illinois Attorney General Lisa Madigan looking to lift the DFS ban she imposed a few weeks back. The suit also asks that the state…
Illinois Attorney General Lisa Madigan issued a ruling yesterday that labelled daily fantasy sports (DFS) sites such as Draft Kings and FanDuel as gambling sites and banned Illinois residents from participating in DFS. This latest ruling is yet another devastating blow to an industry that was flying high four months ago, but has been mired…
The team at TheScore.com thinks that they've found the solution to the daily fantasy sports industry's quagmire of legal problems in the form of QuickDraft, a free-to-play DFS app. QuickDraft uses a novel, though not original plan for doing an end run around the United States' ban on sports betting by keeping the element of…
US-facing daily fantasy sports sites have seen a major decline in tournament entries and guaranteed prize pools (GPP) since the insider trading scandal broke back in September. According to a recently released analytics report from Adam Kreijcik, managing director of digital and interactive gaming at Eilers Research, action in GPPs is down as much as $10 million…
The daily fantasy sports business, and its legion of name brand investors, are the target of a new class-action lawsuit that may turn into the biggest headache the industry has yet seen, according to report on SI.com. Early Saturday morning, Florida attorney Ervin Gonzales filed the class action lawsuit, o that could turn into the…
The daily fantasy sports (DFS) industry's best shot of maintaining viability in the US market rests squarely on defining itself as something other than another form of gambling. That gambling label isn't such a burden for the industry's UK and European arms, where the gambling label is worn without shame. At the same time, the…
The New York State attorney general has ordered daily fantasy sports (DFS) sites to stop taking action from NY players in a move that could absolutely cripple the once high-flying sports betting niche. On Tuesday, NY AG Eric Schneiderman to stop taking "bets" (his words) from NY residents in a cease-and-desist letter delivered to lawyers…
New Jersey gaming regulators attempted to tackle the contentious issue of daily fantasy sports regulation in a hearing that accomplished very little in the way of real progress. At issue when the New Jersey Assembly’s Tourism, Gaming and the Arts Committee met on Monday was the thorny question of how daily fantasy sports operators should…
New Jersey state Senator Jim Whelan has introduced a bill that would put daily fantasy sports (DFS) sites under the regulatory thumb of the state's Division of Gaming Enforcement (DGE). That's terrible news for an industry that's bee free falling since news of an insider trading scandal broke last month. The various pieces of Whelan's…
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