Fantasy Sports

DraftKings and FanDuel rally while filing separate lawsuits to halt New York DFS shutdown order

On Tuesday, November 10, New York Attorney General Eric Schneiderman threw down the proverbial gauntlet and instructed daily fantasy sports (DFS) giants DraftKings and FanDuel to cease-and-desist operations in ...

Daily fantasy sports payment processors pressure operators to shut down New York state action

Daily fantasy sports (DFS) operators rarely handle the banking aspects of player deposits and withdrawals in-house. Instead, DFS businesses contract with payment gateways as a financial go-between, and without ...

Professional sports leagues’ involvement with daily fantasy sports called out for federal review

After clarifying the distinction between daily fantasy sports (DFS) and the more traditional, season-long fantasy sports leagues, New York Attorney General Eric Schneiderman announced that daily fantasy sports ...

Regulating DraftKings like a casino considered by Mass. Gaming Commission

Regulation of daily fantasy sports (DFS) is not within the scope of the Massachusetts Gaming Commission, according to Chairman Steve Crosby who said that daily fantasy sports companies such as Boston-based Draf...

“Black Friday” Attorney opens DFS investigation in New York

Preet Bharara, the U.S. Attorney in the Southern District of New York who brought the poker industry to its knees and permanently altered the landscape of the online gambling industry in what has now become kno...

Reports: DOJ orders FBI to investigate DraftKings, FanDuel

The daily fantasy sports (DFS) industry is under siege from all quarters. Wednesday the Wall Street Journal, quoting anonymous sources, reported that the U.S. Department of Justice (DOJ) and FBI are investigati...

UIGEA author steaming at DFS

Fantasy sites FanDuel and DraftKings' use of  2006 federal money processing legislation as the lone validation for their legitimacy is “sheer chutzpah” according a former U.S. congressman who co-sponsored the l...