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…
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…
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