Industry Updates

Update: The bait app has closed, with no plans to relaunch. A tech-savvy entrepreneur has big plans to take up social sports betting and remain on the right side of the law at the same time. Ian Peacock was studying at the University of South Carolina when he came up with the idea for an…

The daily fantasy sports is currently fighting for its life in statehouses across the country, but if you were to only listen to the DFS crowd you’d think it was the other way around, and it was the lawmakers who were coming to the DFS industry to lure them to the state. I feel the…

Over the past several years, legislatures from California to Massachusetts have looked into online gambling legalization, and while progress has been slow, there has been progress. But there is a newfound fear among some online gaming advocates that daily fantasy sports is stealing their spotlight.

In the very same week that iovation, a company with strong ties to the now-defunct and utterly reviled Ultimate Bet online poker site, was approved by Nevada regulators, a daily fantasy sports website, FantasyHub, appears to be unable to meet its obligations to its customers. And if that wasn’t bad enough, there is this part…

Kountermove customers received an e-mail this morning announcing that DraftKings Daily Fantasy has acquired the fantasy MMA site. The e-mail explained that current Kountermove customers can set up an account at DraftKings and transfer their funds over from Kountermove. Anyone who already has a DraftKings account can just transfer the funds over to that account.

On Tuesday evening, while many were glued to their television watching the results pour in from the New Hampshire primary, PBS’s FRONTLINE, with the help of the New York Times, aired an hour-long episode delving into the world of online sports betting and daily fantasy sports.

The daily fantasy sports industry is currently facing a myriad of legislative battles in statehouses across the country. There are the handful of frontline states where along with legislative efforts the states’ Attorneys General have weighed in on the subject: New York, Massachusetts, Illinois, Florida, and most recently Texas, and while these states get the…

Things are changing at DraftKings DFS. The fantasy site sent out an e-mail to customers today announcing a new prohibition against automated lineup management tools. Meanwhile, ESPN has reported on two other changes that include limiting how many times a single player may enter into some types of contests and plans to identify experienced players.

The Paulick Report broke some interesting news that a number of race tracks based in the United States and owned by the Stronach Group filed a lawsuit in California earlier today against fantasy horse racing site DerbyWars.com.

If you’re following the current situation unfolding in the world of daily fantasy sports you’re probably astutely aware of the battle lines being drawn. On one side are the DFS operators and industry and their ardent supporters. These people are decidedly pro-DFS and given their druthers wouldn’t change a thing. On the other side… well,…