As predicted, the Federal Trade Commission is going to court in an attempt to block the merger of daily fantasy sports mega-sites DraftKings and FanDuel. [More]
daily fantasy sports
Report: Feds May Try To Stop Merger Of DraftKings, FanDuel
By 6.15.17
DraftKings and FanDuel — the two biggest names in daily fantasy sports — are currently waiting on federal regulators to approve a merger that would combine the two companies into one operation. However, a new report claims that the Federal Trade Commission may try to block this blessed union. [More]
FanDuel & DraftKings To Merge In Daily Fantasy Wedding
By 11.18.16
After months of speculation and denials about a possible merger, the two biggest names in daily fantasy sports — DraftKings and FanDuel — have finally confirmed that they are indeed getting hitched. [More]
Rumors Of DraftKings & FanDuel Merger Heat Up Again
By 10.31.16
Nearly four months after DraftKings and FanDuel shot down rumors they were considering a merger, those “people familiar with the situation” are once again whispering about wedding bells between the two largest players in the daily fantasy sports industry. [More]
FanDuel, DraftKings To Pay $12M To Resolve False Advertising Allegations In New York
By 10.25.16 — Updated: 10.31.16
Daily fantasy sports companies DraftKings and FanDuel each agreed to pay $6 million to resolve New York’s claims that the companies engaged in false advertising. [More]
Just In Time For Football, New York Changes Law To Legalize DraftKings, FanDuel
By 8.3.16
The nearly year-long legal battle between the state of New York and daily fantasy sports (DFS) sites DraftKings and FanDuel has all but come to an anticlimactic end today, with Governor Andrew “Not the one from TV” Cuomo putting his name to a new law that explicitly legalize certain DFS contests within the Empire State. [More]
Expect Fewer Obnoxious DraftKings & FanDuel Ads This Football Season
By 8.1.16
Last fall, daily fantasy sports seemed to come out of nowhere, with the industry’s two biggest players — DraftKings and FanDuel — also suddenly emerging as two of the biggest spenders on TV advertising. Constant commercials, sponsored segments on sports shows; even the final season of FXX’s The League had a bizarre, shoehorned-in season-long DraftKings subplot. All these ads brought DFS gamers to the two sites, but they also attracted the attention of state regulators, resulting in Nevada and New York being added to the list of states where DFS is not (for the moment) allowed. Now the two sites say they plan to rein in their ad spending and make ads that don’t play up the aspects that make DFS look a lot like gambling to some people. [More]
NFL Agrees To Make Its Pre-Teen Fantasy Football Contests Less Like Gambling
By 7.13.16
Earlier this year, consumer advocates called on the NFL to put an end to its NFL Rush Fantasy competitions, which are only for pre-teens, but which offer significant prizes, ranging from video game consoles to trips to the Pro Bowl. While the NFL is apparently going to continue offering the kiddie fantasy football game, these groups say the league is making changes to address some of their concerns. [More]
FanDuel: Report Of DraftKings Merger Is “Speculation”
By 6.13.16
The two biggest names in the world of daily fantasy sports (DFS) are keeping mum about a report claiming the two companies are considering a merger. [More]
DraftKings, FanDuel Stop Doing Business In New York State
By 3.21.16
In the middle of their courtroom fight with New York state over the legality of daily fantasy sports [DFS] contests, both DraftKings and FanDuel have agreed to stop doing business with Empire State residents. [More]
Groups Ask NFL To Shut Down Its Pre-Teen Fantasy Football Program
By 2.24.16
While daily fantasy sports [DFS] sites like FanDuel and DraftKings are in the spotlight over whether or not they violate state anti-gambling laws, those sites are intended only for adults. But the NFL also runs a fantasy football site that is targeted directly at youngsters, which some consumer advocates say is just prepping these kids for a life of wagering money on sports. [More]
FanDuel CEO Admits: Maybe They Might Have Overdone It A Bit With The TV Ads
By 2.19.16
For several weeks during the recently concluded NFL season, either FanDuel or DraftKings were the top spenders on TV advertising, interrupting seemingly every show to tout how easy it is for the average Joe to win big at daily fantasy sports (assuming that the “average Joe” is in the elite tier of DFS players). That doesn’t include official sponsorship deals with teams, TV networks, and pro sports leagues (or that shoehorned-in DraftKings-sponsored subplot during the final season of The League). Looking back on it now, the CEO of FanDuel confesses that maybe they should tone it down a bit with the advertising going forward. [More]
Fantasy Sports Lobby Spending Millions To Push New Laws To Protect DraftKings, FanDuel
By 2.16.16
With attorneys general in several states now saying that daily fantasy sports (DFS) sites DraftKings and FanDuel appear to violate state anti-gambling laws, the industry is fighting back with a huge nationwide lobbying push to change those laws. [More]
Citi Now Blocking DraftKings, FanDuel Transactions In New York State
By 2.5.16
With the legality of daily fantasy sports [DFS] sites like DraftKings and FanDuel currently tied up in legal limbo for New York residents, Citigroup confirmed today that it is now blocking its customers in the state from transacting any business with either site. [More]
Payment Processor Reportedly Cutting Ties With DraftKings, FanDuel Amid Gambling Disputes
By 1.29.16
UPDATE: In a statement to Consumerist, an attorney representing DraftKings denies the NY Times report. [More]
Lawsuits Claim DraftKings, FanDuel Profited Off College Athletes Without Authorization
By 1.28.16
When you place a bet on a football game, you’re just gambling on the outcome of a competition between two teams, each with dozens of players on their roster. But when you play fantasy football, you’re effectively using each player in your lineup like an individual game piece in a contest to beat another fantasy team. And a pair of new lawsuits allege that DraftKings and FanDuel are breaking the law by profiting off college athletes who have become unwitting pawns in other player’s games. [More]
Texas Attorney General Thinks DraftKings, FanDuel Are Illegal In Lone Star State
By 1.19.16
Another state’s lead prosecutor has come to the conclusion that daily fantasy sports [DFS] sites like DraftKings and FanDuel are not legally protected games of skill, but are instead illegal games of chance. This time, it’s the attorney general for the state of Texas. [More]
Appellate Panel Grants FanDuel, DraftKings Another Stay, Allowing Them To Continue Operating In NY
By 1.11.16
Back in December, DraftKings and FanDuel announced that despite a New York judge granting the state a temporary injunction that barred the daily fantasy sports (DFS) sites from operating in New York, they’d won an immediate stay that would allow them to keep their virtual doors open for business in that state. An appellate panel has upheld that stay, making it permanent. [More]
