The Alabama House of Representatives recently passed a bill that not only legalizes daily fantasy sports in the state, but also deems them a game of skill. The measure passed by the narrowest of margins after several hours of debate. With the passage of the measure in the House, it's now headed to the Alabama Sentate,…
PlayON Sports is partnering with the NBA to become the league's official daily fantasy sports operator for international markets. The deal is a major step forward for PlayON and something of a slap in the face to DFS giants DraftKings and FanDuel. Under the terms of the deal, PlayON will be providing daily fantasy sports…
DraftKings secured $100 million in investor funding this week from an investment group that's headed by the part owner of the Los Angeles Dodgers. This latest influx of cash is great news for the troubled daily fantasy sports operator as it struggles to turn a profit and pay off its massive legal bills. Todd Boehly,…
Yahoo! has been issued a UK gambling license and is readying its daily fantasy sports (DFS) operations for UK punters. The company is now faced with the prospect of going head-to-head with FanDuel and DraftKings in the potentially massive UK DFS market. It's a big move for the company that was once known for its…
DraftKings and FanDuel, the two biggest names in daily fantasy sports (DFS) have agreed to merge their business operations. If approved, the deal would create a DFS behemoth that controls a full 80 percent of the US market. The deal, which was announced late last week, is a desperate bid for survival by two companies…
Are DraftKings and FanDuel finally running out of cash? That's the suggestion being made by the New York Times, Deadspin, and other media outlets on the eve of the daily fantasy sports giants long-awaited settlement with New York State. According to a report in yesterday's New York Times, DraftKings and FanDuel are both behind in…
A New York-based anti-gambling group is suing the State in hopes of stopping the daily fantasy sports business in its tracks. According to a lawsuit filed last week by a group called Stop Predatory Gambling, a deal struck recently by lawmakers that allowed the daily fantasy sports industry to continue operating in the state was…
The Mille Lacs Band of Ojibwe Indians in Minnesota is launching a daily fantasy sports site that's ready to go for the upcoming NFL season. This marks the first time that a tribal gaming interest has dipped its toes in the US-facing daily fantasy sports market. The new site is called Grand Fantasy Sports and…
DraftKings has completed a new round of financing from venture capitalists that totals more than $153 million. The new round of capital breathes some much needed life into the daily fantasy sports giant as it fights for its life in state houses across the country. Though there are believed to be multiple finance partners participating…
Winamax, a French operator, has broken ground on the French daily fantasy sports market with the launch of Le Jeu de l’Entraineur (JDE) (the Coach's Game) game. Could this the beginning of something tres grand? The company is the first and, as of this writing, the only operator with its hooks in this totally unproven…
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