daily fantasy sports

Report: DraftKings, FanDuel Reach Settlement With Massachusetts AG

Daily fantasy sports companies DraftKings and FanDuel have each agreed to pay $1.3 million in a settlement with the Massachusetts Attorney General’s office to resolve an investigation started two years ago. The Boston Business Journal reports that Massachusetts AG Maura Healey made the announcement late Thursday regarding the investigation into “unfair and deceptive practices” that began […]

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Federal Trade Commission Sues To Block DraftKings – FanDuel Fantasy Sports Merger

The Federal Trade Commission has authorized legal action to block the merger of the two largest daily fantasy sports sites, DraftKings and FanDuel, alleging that the combined firm would control more than 90 percent of the U.S. market for paid daily fantasy sports contests. The FTC, jointly with the Offices of the Attorneys General in […]

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Mile High Racing & Entertainment To Offer ‘Pari-Mutuel’ Fantasy Sports Contests Across Colorado

Mile High Racing & Entertainment, which operates Colorado’s horse race track at Arapahoe Park, has received approval from the Colorado Racing Commission to offer fantasy sports contests at nine Colorado locations.  The new Mile High Fantasy Sports applies the pari-mutuel model from horse racing to professional football, basketball, hockey, baseball, and other daily fantasy sports […]

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DraftKings, FanDuel Merge; Daily Fantasy Sports Companies Will Maintain Separate Platforms

An interesting, oft-rumored development in the daily fantasy sports world finally emerged on Friday. The industry’s two leading companies, DraftKings and FanDuel, have merged to form a single corporation, according to techcrunch.com. The company will maintain both of the individual web platforms “for the forseeable future.” Some of the major advantages of this merger include […]

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New York Gaming Commission Issues Temporary Permits To Daily Fantasy Sports Operators

The New York State Gaming Commission today issued temporary permits to interactive fantasy sports operators DraftKings, FanDuel, Yahoo, FantasyDraft and Draft. These companies may resume operations immediately in New York State. The Commission has completed a legally required thorough review of the temporary permit applications from these five companies, ensuring required consumer protections, player safeguards […]

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Big Money: DraftKings, FanDuel Shell Out Nearly $800,000 On Push To Legalize Games In NY

Daily fantasy sports sites DraftKings and FanDuel’s push to legalize their games in New York was successful – but it came with a hefty price tag. The New York Daily News reports that the two companies spent close to $800,000 on lobbying expenses since last fall. The information was filed with the New York’s Joint Commission on Public […]

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New York: Cuomo Signs Legislation To Legalize And Regulate Fantasy Sports

Governor Andrew M. Cuomo on Wednesday signed legislation to legalize interactive fantasy sports in New York State. The bill (S.8153/A.10736) requires that fantasy sports companies must register with, and operate under regulations issued by, the New York State Gaming Commission. It is expected that once fully implemented, the legislation will generate approximately $4 million in revenue […]

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Daily Fantasy Sports Pari-Mutuel Wagering: Coming To A Track Near You?

The Nevada Gaming Commission on Thursday approved a new form of daily fantasy sports based on the kind of pari-mutuel wagering used in horse racing, and the man who came up with the concept said he wants to bring the game to pari-mutuel racing states. The company given unanimous approval for an off-track, pari-mutuel sports […]

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New York Lawmakers Vote To Legalize Daily Fantasy Sports

New York attorney general Eric Schneiderman was one of the first to declare daily fantasy sports to be a violation of state gambling laws. Since that time, New York has been on the forefront of the battle for companies like DraftKings and FanDuel, who were forced to cease operations in the state, to prove that […]

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