New Jersey state Senator Jim Whelan has introduced a bill that would put daily fantasy sports (DFS) sites under the regulatory thumb of the state's Division of Gaming Enforcement (DGE). That's terrible news for an industry that's bee free falling since news of an insider trading scandal broke last month. The various pieces of Whelan's…
DraftKings is cutting its ties to the World Series of Poker (WSOP) as part of the continuing fallout from the recent insider trading scandal. The move is a big blow for both DraftKings and the WSOP and is another indication of how serious the scandal's aftermath has become. DraftKings has been a major presence at…
Amaya Gaming is taking the regulatory hailstorm surrounding the daily fantasy sports industry very seriously and is pulling its StarDraft site from all but four US markets. The company originally announced that it was merely moving out of the Nevada market, which is not requiring that DFS operators be licensed. They quickly added Florida to…
The Nevada Gaming Control Board (NGCB) is throwing some serious cold water on the now beleaguered daily fantasy sports industry. Late last week the NGCB banned DFS sites from operating in the Silver State until they've been licensed by the Nevada Gaming Commission. By requiring DFS operators to be licensed like other sports betting operators,…
The daily fantasy sports (DFS) industry seems dead set on proving the old saying, "There's no such thing as bad publicity," as a hopelessly dated anachronism. Just one week after news of a major insider trading scandal splashed across the web, the industry has attracted the attention of revenue hungry state politician. This week, lawmakers…
Last week at this time the daily fantasy sports industry was blanketing the US airwaves with advertising and looking at the prospect of massive growth and massive revenues. Well, that was then and this is now. This week, DraftKings and Fan Duel, the two largest DFS sites, are fighting for their lives as fallout from…
New York State Attorney General Eric T. Schneiderman has launched a formal inquiry into the daily fantasy sports (DFS) industry in the wake of the insider trading. It's the first, but not likely the last, piece of fall out from the scandal involving DFS employees winning big bucks on rival DFS sites. The Attorney General…
Are employees at daily fantasy sports (DFS) sites using insider information to get an edge on big money tournaments? That's the question that's being discussed on DFS forums after player lineups for a popular tournament were inadvertently leaked on the web last week. DFS players became aware of the drama after DraftKings written content manager…
Daily fantasy sports sites like Fan Duel and DraftKings are spending a king's ransom on advertising this year and the tab for Q3 2015 alone could top $175 million (USD). With all that cash floating around daily fantasy sports sites are getting their names out in front of the public, but they're also running a…
Daily fantasy sports (DFS) are reshaping the way Americans look at sports betting and not everyone is particularly happy with the new world order. Across the nation, lawmakers and traditional gambling stakeholders are calling for more regulation of new-fangled DFS sites. At the heart of the debate is the question of whether whether daily fantasy…
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