Latest betting industry updates and major developments.
This past Friday, a lawyer for the Vermont Attorney General’s office made the claim that fantasy sports are a form of illegal gambling according to state law. The statement was proffered during a senate committee hearing that was held to discuss a bill seeking to legalize and regulate daily fantasy sports contests in Vermont.
The Paulick Report broke some interesting news earlier today. 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,…
Nevada DFS apps and sports fans just received a gut-punch piece of news. Earlier today, the Nevada Gaming Control Board issued a statement explaining that it considers daily fantasy sports to be gambling, that all operators must immediately cease all activities in the state, and anyone wishing to offer DFS products in Nevada going forward…
Following the #DKLeaks kerfuffle that has blown up over the past week, the DFS industry will be hard-pressed to avoid regulation, which has long been a touchy subject in the DFS industry for several reasons.
We’ve been following the developing DraftKings / FanDuel insider trading controversy over recent days, but so much has already been said that we didn’t have much of value to add to the discussion.
FanDuel sent out an e-mail today announcing its entry to daily fantasy eSports powered by AlphaDraft’s existing platform. Technically, FanDuel didn’t “launch” AlphaDraft since it has already been live and hosting contests for some time now. However, today’s e-mail represents the launch of fantasy eSports under the FanDuel banner.
Both DraftKings and FanDuel will soon be hosting real money fantasy leagues for competitive video games (a.k.a. eSports). DraftKings first announced its intent to get involved in eSports with a blog post on September 18th introducing the concept of eSports. FanDuel responded just days later with a press release that announced the purchase of AlphaDraft,…
Victiv and StarsDraft are permanently closed . Click here for the latest DFS updates. Amaya, parent company of PokerStars and Full Tilt, announced today that it has acquired existing daily fantasy site Victiv.com. We had word back in March that Amaya was looking to enter the DFS market in time for the 2015 NFL season…
Yahoo and CBS Sports are both shaking up things in the daily fantasy space. Last month, Yahoo released a full-featured fantasy site complete with large guaranteed events and coverage of the four major sports leagues in the US. CBS Sports followed this up with the release of a standalone DFS site just yesterday.
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