draftkings

Court Temporarily Blocks DraftKings, FanDuel From Doing Business In New York State

Court Temporarily Blocks DraftKings, FanDuel From Doing Business In New York State

UPDATE: DraftKings says it was able to get the court to hold off on enforcing the injunction pending an appeal of today’s ruling. That means DraftKings will remain operational in New York state for the time being. [More]

DraftKings Tries To Make Its Case That Daily Fantasy Sports Are Not Gambling

DraftKings Tries To Make Its Case That Daily Fantasy Sports Are Not Gambling

A week after New York state sued DraftKings, alleging that the daily fantasy sports (DFS) site is an illegal gambling operation, DraftKings has filed a brief with the court to make its argument that DFS isn’t gambling at all. [More]

Massachusetts Proposes New Regulations For DraftKings, FanDuel

Massachusetts Proposes New Regulations For DraftKings, FanDuel

While New York and Nevada have joined the ranks of states barring residents from playing daily fantasy sports sites DraftKings and Fan Duel, DraftKings’ home state of Massachusetts is demonstrating more flexibility, proposing new regulations that would still allow the sites to operate in the state. [More]

New York State Adds Yahoo To Inquiry Into Daily Fantasy Sports Sites

New York State Adds Yahoo To Inquiry Into Daily Fantasy Sports Sites

Four months after Yahoo announced it would offer sports fans the opportunity to make money by betting on professional athletes’ performances, the company became the latest target in a New York state investigation into the business practices of the currently unregulated multi-million dollar online daily fantasy sports industry.  [More]

New York State Sues DraftKings & FanDuel Over Alleged Gambling, False Advertising

New York State Sues DraftKings & FanDuel Over Alleged Gambling, False Advertising

One week after concluding that, according to New York state law, daily fantasy sports sites DraftKings and FanDuel are unlicensed gambling operations, the state has filed lawsuits against both companies, seeking to stop them from offering their service to New Yorkers. [More]

John Oliver Has Rewritten Those DraftKings & FanDuel Ads For You

John Oliver Has Rewritten Those DraftKings & FanDuel Ads For You

With daily fantasy sports sites DraftKings and FanDuel in a high-profile legal battle with New York state over whether they are a form of unlicensed gambling or games of skill, HBO’s John Oliver has released his own version of the sites’ infamous “anyone can win” ads. [More]

DraftKings, FanDuel Ask Court To Overturn New York State Ban

DraftKings, FanDuel Ask Court To Overturn New York State Ban

As expected, fantasy sports businesses are fighting back against the New York state attorney general’s determination that DraftKings and FanDuel are actually illegal gambling sites and should not be allowed to operate in the state. This morning, both DraftKings and FanDuel asked the court to overturn that decision. [More]

The Law That Allows DraftKings & FanDuel To Exist May Be The One That Comes Back To Bite Them

The Law That Allows DraftKings & FanDuel To Exist May Be The One That Comes Back To Bite Them

Earlier this week, the New York state attorney general’s office directed FanDuel and DraftKings to cease operating in the state after investigators concluded that these sites constitute a form of illegal gambling. The sites have vowed to fight this order, which would wipe out around 10% of their existing customer base, but the federal law that has allowed fantasy sports to exist may be the one that hurts them. [More]

New York Tells DraftKings & FanDuel To Cease Operations In The State

New York Tells DraftKings & FanDuel To Cease Operations In The State

Almost a month after Nevada declared that daily fantasy sports sites like DraftKings and FanDuel are unlicensed gambling operations and barred them from operating in the state, New York appears to have come to a similar conclusion. [More]

FanDuel CEO Calls For “Sensible Regulation” Of Fantasy Sports

FanDuel CEO Calls For “Sensible Regulation” Of Fantasy Sports

Two weeks after Nevada gaming regulators barred daily fantasy sports sites like FanDuel and DraftKings from operating in the state, claiming they were unlicensed forms of sports betting, the CEO of FanDuel has acknowledged that maybe his virtually unregulated industry could do with a tiny bit of oversight. [More]

Nevada Says DraftKings & FanDuel Are Unlicensed Gambling, Bars Them From Operating In State

Nevada Says DraftKings & FanDuel Are Unlicensed Gambling, Bars Them From Operating In State

The same day that news broke of an ongoing FBI investigation into the legality of online daily fantasy sports sites like DraftKings and FanDuel, Nevada gaming regulators declared that these sites are unlicensed gambling businesses and barred them from operating in the state. [More]

FBI Investigating Business Model Of DraftKings, FanDuel

FBI Investigating Business Model Of DraftKings, FanDuel

Daily fantasy sports sites like DraftKings and FanDuel operate under a “games of skill” exemption to a federal law that prohibits banks from transferring money to most online gambling operations. But the Department of Justice is reportedly taking a closer look at how these companies actually work to see if their business models cross a legal line. [More]

Amid Growing Concerns About Employee Betting, DraftKings & FanDuel Have Best Weekend Yet

Amid Growing Concerns About Employee Betting, DraftKings & FanDuel Have Best Weekend Yet

They say that there is no such thing as bad publicity. Just ask the folks at DraftKings and FanDuel. Only days after the New York attorney general’s office launched an investigation into potentially unfair business practices at these fantasy sports betting sites — and as questions about the behavior of employees at these companies continue to be raised — they saw more action than ever before. [More]

New York Attorney General Looking Into DraftKings & FanDuel

New York Attorney General Looking Into DraftKings & FanDuel

With the higher profile of unregulated fantasy sports betting comes more scrutiny from the public and more concerns from law enforcement about how these businesses might be running afoul of the law. Days after it was confirmed that a DraftKings employee had made $350,000 in one weekend gambling on competing site FanDuel, the attorney general for the state of New York has opened an inquiry into this growing industry. [More]

DraftKings, FanDuel Defend Themselves Against “Insider Trading” Allegations

DraftKings, FanDuel Defend Themselves Against “Insider Trading” Allegations

If you’ve turned on a TV in the last month — and certainly if you’ve watched any live sports — you’ve no doubt been inundated with ads for both DraftKings and FanDuel, the two leading online fantasy sports leagues. But both companies are now having to publicly defend themselves as their industry deals with a scandal involving a DraftKings employee who made hundreds of thousands of dollars in a week gambling on FanDuel. [More]