FanDuel is a web-based fantasy sports game and the largest daily fantasy sports company in the daily fantasy sports industry. The model consists of traditional season-long fantasy sports leagues being compressed into a free and/or paid daily, and occasionally weekly, game of skill. As of November 2015 most U.S. states consider fantasy sports (including daily fantasy sports) a game of skill and not gambling.The company hosts an average of over 600,000 lineup entries per week into its daily games, has over one million active paying users, and will pay out over two billion in prizes in 2015.
*By John English Four months after the U.S. Supreme Court repealed a federal law limiting sports betting to just four states, there has been a mad dash by bookmakers and system providers from all over the world to descend on U.S. soil and plant their flag. This change in regulation can truly be likened to […]
The two biggest daily fantasy sports companies are close to joining forces under the leadership of DraftKings co-founder Jason Robins, Bloomberg reported, citing unnamed sources. Nigel Eccles, FanDuel’s co-founder, will be chairman of the board. Speculation the two companies are planning an imminent merger has been growing in the market, though there had been a […]
Get Out AHEAD, a casino, horse racing and fantasy sports technology provider today announced the launch of its first product – Fantasy Sports Hedging Xchange. Directly targeting the rapidly growing fantasy sports industry, Get Out AHEAD’s proprietary software can integrate with popular fantasy sports platforms, such as DraftKings and FanDuel, creating a closed virtual marketplace […]
Digital media owner Yahoo Inc is reported to have become implicated in the ongoing daily fantasy sports industry investigation by New York Attorney General Eric Schneiderman. US news sources report that Yahoo’s DFS operations have been served a subpoena by the AG’s office to terminate services in New York State. The media owner, which had […]
A New York judge has declined to issue an order for DraftKings and FanDuel to obtain a restraining order to temporarily block the state attorney general’s bid to shut them down. The case began with cease and desist letters sent by Attorney General Eric Schneiderman last week, warning DraftKings and FanDuel they should stop conducting […]
US daily fantasy sports market leaders FanDuel and DraftKings are reported to be reviewing their legal options following this week’s issuance of a cease & desist’ order by New York Attorney General Eric T Schneiderman. After its one month investigation into DFS services provided by FanDuel and DraftKings, the New York AG has concluded that […]
New York’s attorney general has told the daily fantasy sports companies DraftKings and FanDuel to stop taking players in New York on the grounds that their operations amount to illegal gambling, the Associated Press reports. In a pair of letters sent to the companies, Attorney General Eric Schneiderman said their contests are promoted like a […]
The amount wagered at Nevada sports books has risen by nearly 15 percent compared with 2014, according to a new analysis by the American Gaming Association. Since the two biggest daily fantasy sports companies were founded – FanDuel in 2009 and DraftKings in 2012 – the amount of money wagered at Nevada sports books has […]
Embattled US fantasy sports operator DraftKings has retained the services of former Massachusetts Attorney General Martha Coakley as an advisor to its ongoing probe by federal investigators and further regulatory matters. Legal expert Coakley has experience in the technicalities of US gambling and betting legalities having passed Massachusetts gambling provisions in 2011. DraftKings confirmed the […]
Nevada lawmakers ruled that daily fantasy sports operators would require a gaming license to operate their services in accordance with state regulations. The decision was approved by AG Burnett Chairman of the Nevada Gaming Control Board, who ordered all DFS operators to stop activity within the state’s borders and begin to apply for gaming licenses. […]
Further bad news appears to have reached FanDuel and DraftKings operations, as US news sources report that aggrieved customers are planning to sue the operators for consumer negligence, following last week’s allegation of data breaches by employees. New York Daily News reported that Kentucky Daily Fantasy Sports (DFS) player Adam Johnson was the first plaintiff […]
Following allegations of misuse of game data by employees, US sports network ESPN has pulled sponsorship slots promoting the DraftKings brand from its channels. The decision by ESPN to suspend DraftKings advertising is a temporary break to its agreed $250 million ad-spend partnership which was announced in August ahead of the start of the 2015/16 […]
Real-money daily fantasy sports (DFS) have the potential be successful throughout Asia. However, the predominant U.S.-focused form of the game is unlikely to gain traction in the region and other formats will be needed to appeal to an Asian audience.