The proposed merger between daily fantasy sports giants FanDuel and DraftKings could be in jeopardy because of objections from the Federal Trade Commission (FTC). It's just the latest headache for a US-facing daily fantasy sports business that's already fighting for its life across the nation. According to a report on Redcode.net, the Board of Commissioners…
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,…
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,…
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…
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…
Daily fantasy sports giants DraftKings and FanDuel are plotting a return to the regulated Nevada market with a proposal to introduce a new, "fantasy gaming license." The proposal was presented earlier this week to the Nevada’s Gaming Policy Committee and was fairly light on details. At its core, the idea is that daily fantasy sports…
Beleaguered daily fantasy sports operator DraftKings is reeling tonight after a federal judge refused to hear a "problem gambling" case against the company in his court. Judge Harry S. Mattice Jr., that the suit brought against DraftKings by plaintiff Erica Miller did not meet the standard to be heard in a federal court. Federal courts…
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…
The daily fantasy sports (DFS) industry is fighting back against the Illinois Attorney General and her claim that their games are tantamount to gambling. Earlier this week, DraftKings filed suit against Illinois Attorney General Lisa Madigan looking to lift the DFS ban she imposed a few weeks back. The suit also asks that the state…
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