Feds Bust Massive US Football Pick 'Em

Two New York state men are looking at a mountain of legal troubles after their massive football pick 'em was shut down by the US Department of Justice last week for promoting illegal gambling. Ron Kronengold and Mike Bernstein are the organizers of a long-running, and pretty massive, football pick 'em site called, "Ron &…

Federal Court Ruling: Fantasy Horse Racing is Real Betting

                  A US federal judge in California dealt a major blow to the fantasy horse racing industry this week by ruling that fees collected by these operators are actually wagers. It's a huge win for California's politically influential horse racing industry, but could be a major setback…

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…

Tony Romo Daily Fantasy Sports Suit Suffers Setback

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…

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…

Daily Fantasy Sports Sites Scramble to Deal With Sharks

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…

Do Daily Fantasy Sports Employees Benefit from Insider Information?

Are employees at daily fantasy sports (DFS) sites using insider information to get an edge on big money tournaments? That's the question that's being discussed on DFS forums after player lineups for a popular tournament were inadvertently leaked on the web last week. DFS players became aware of the drama after DraftKings written content manager…

e-Sports Betting's Latest Investor: Mark Cuban

Billionaire Mark Cuban is going on all in on gambling's hottest new vertical, e-sports betting. The colorful owner of the Dallas Mavericks is making a big investment in a site called Unikrn (pronounced, "unicorn") and that's great news for the rapidly growing e-sports business. Unikrn is one of a number of start ups that are…

Tony Romo Calls Out NFL Gambling Hypocrites

If you thought the rise of weekly fantasy sports league sites would soften the NFL's hysterical stance on gambling, you'd better guess again. Last week the League shut down a¬†National Fantasy Football Convention that was set to take place in (gasp!) the Sands Expo, a convention center that's owned by a casino. Yes, you read…

Former NBA Commissioner Bets on Fantasy Sports, e-Sports That Is

Former NBA Commissioner David Stearn is jumping on the daily fantasy sports bandwagon in a big way. Earlier this week, Stearn plunked down a $5 million investment in Alpha-Draft, an e-sports focused fantasy sports site. Alpha-Draft is one of a growing number of fantasy sports sites that focus exclusively on the massive competitive video gaming…