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…
DraftKings is cutting its ties to the World Series of Poker (WSOP) as part of the continuing fallout from the recent insider trading scandal. The move is a big blow for both DraftKings and the WSOP and is another indication of how serious the scandal's aftermath has become. DraftKings has been a major presence at…
Amaya Gaming is taking the regulatory hailstorm surrounding the daily fantasy sports industry very seriously and is pulling its StarDraft site from all but four US markets. The company originally announced that it was merely moving out of the Nevada market, which is not requiring that DFS operators be licensed. They quickly added Florida to…
The Nevada Gaming Control Board (NGCB) is throwing some serious cold water on the now beleaguered daily fantasy sports industry. Late last week the NGCB banned DFS sites from operating in the Silver State until they've been licensed by the Nevada Gaming Commission. By requiring DFS operators to be licensed like other sports betting operators,…
The daily fantasy sports (DFS) industry seems dead set on proving the old saying, "There's no such thing as bad publicity," as a hopelessly dated anachronism. Just one week after news of a major insider trading scandal splashed across the web, the industry has attracted the attention of revenue hungry state politician. This week, lawmakers…
Last week at this time the daily fantasy sports industry was blanketing the US airwaves with advertising and looking at the prospect of massive growth and massive revenues. Well, that was then and this is now. This week, DraftKings and Fan Duel, the two largest DFS sites, are fighting for their lives as fallout from…
New York State Attorney General Eric T. Schneiderman has launched a formal inquiry into the daily fantasy sports (DFS) industry in the wake of the insider trading. It's the first, but not likely the last, piece of fall out from the scandal involving DFS employees winning big bucks on rival DFS sites. The Attorney General…
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