With the passage of the Fantasy Contests Act, Virginia recently became the first US State to legalize daily fantasy sports. It's a massive leap forward for the beleaguered daily fantasy sports industry, but it might not be such great news for smaller and start-up operators. At its core, the Fantasy Contests Act, which was signed…
The Nevada Gaming Policy Commission came out this week for a public discussion on the fate of Silver State-facing daily fantasy sports sites and the tone of the discussion was not favorable for DFS operators, according to LegalSportsReport.com. In short, Nevada regulators don't seem to be buying into the argument made by DraftKings CEO Jason…
During the peak of its advertising and sponsorship blitz last fall, DraftKings was slapping its logo on pretty much anything that stood still. Besides its endless run of television and radio advertisements, the daily fantasy sports giant also sponsored six major esports teams. Well, that was then and this is now. This week, DraftKings announced…
Tony Romo's bid to host a daily fantasy sports expo suffered a major setback this week in a Dallas court room. At issue is whether or not the NFL was guilty of tortious interference when it cancelled a daily fantasy sports convention Romo was hosting at the Venetian Hotel and Casino in Las Vegas last…
The Commonwealth of Virginia has become the first U.S. State to legalize and regulate daily fantasy sports. It's the first good news the beleaguered daily fantasy sports industry has had since its free-fall began last October. The Fantasy Contests Act (SB 646) was approved by both houses of the Virginia Legislature and is now awaiting …
If you've been wondering what daily fantasy sports sites like DraftKings and Fan Duel have been doing with all that money they used to spend on advertising, your wait is over. It turns out that a big chunk of that money is going to high-powered Washington D.C. lobbyists and lawyers. According to a report in…
Things are going from bad to worse for the once red hot daily fantasy sports business. This week's bad news comes out of FanDuel's Orlando, Florida office where 55 employees just got served with pink slips. The lay offs, which seemed sort of inevitable, hit a group of what the company described as, "developers who…
The week leading up to Super Bowl 50 should have been the US-facing daily fantasy sports industry's big moment. Instead, the week was punctuated with even more bad news for the beleaguered vertical's two biggest players. On Friday afternoon Citibank announced that it would no longer be processing daily fantasy sports transactions that come out…
The US-facing daily fantasy sports industry is about to learn a lesson that other US-facing operators learned long ago; doing business without a payment processor is next to impossible. Late last week, Vantiv Entertainment Solutions, sent word to Draft Kings and Fan Duel that, as if February 29, it would no longer be handling payments…
Script wielding sharks are overrunning daily fantasy sports sites and that's just not good for business. To combat this legion of number crunchers the industry's biggest site, DraftKings has introduced measures it hopes will level the DFS playing field. Earlier this month, DraftKings announced that it would no longer allow players to use outside scripts…
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