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New poll shows strong support in Tampa Bay for daily fantasy sports

in Peter/The Bay and the 'Burg/Top Headlines by

Daily fantasy sports are not the same as traditional gambling, and should be allowed to continue, according to a new survey of Tampa Bay residents. Conducted last week by the Tampa Bay Times, the poll found strong support in both Hillsborough and Pinellas counties for DFS websites like FanDuel and DraftKings. A majority of respondents said they are not the same as casino gambling and should be allowed to continue operating. Of 605 registered voters polled, reporter William Levesque writes…

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New York sues to get DraftKings, FanDuel to return money

in Apolitical/The Bay and the 'Burg by

New York’s attorney general has filed a lawsuit asking FanDuel and DraftKings to give back all the money they made in the state, the latest salvo in an ongoing clash with a pair of increasingly popular daily fantasy sports websites. The amended lawsuit — filed Thursday, just days before a key court date in the dispute — asks the two companies to return the money to users who lost it during 2015 and pay a fine of up to $5,000…

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Fantasy sports companies weigh leaving U.S. market – for now

in Apolitical/Top Headlines by

Yahoo remains active. CBS has quietly withdrawn. And lesser-known daily fantasy sports companies are scaling back. As industry leaders FanDuel and DraftKings fight to protect their lucrative enterprises, other companies offering daily fantasy sports are taking different approaches to how they operate as their new industry faces increased scrutiny. “The industry is pretty fragmented on the ‘should they stay or should they go’ issue,” said Chris Grove, editor of the Las Vegas-based Legal Sports Report, which focuses on sports wagering.…

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Massachusetts AG proposes tighter regs for fantasy sports

in Sports/Top Headlines by

Daily fantasy sports companies like FanDuel and Boston-based DraftKings would be allowed to continue operating in Massachusetts, but with age and advertising restrictions, disclosure requirements and other new rules proposed Thursday by the state’s attorney general. Maura Healey announced what she called an aggressive, first-in-the-nation plan to regulate the websites after her office spent several weeks reviewing whether the contests were legal in the state. “This is an industry that cries out for transparency and robust consumer protection,” she said.…

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Don’t throw the daily sports fantasy baby out with the bathwater

in Statewide/Top Headlines by

You cannot turn on the television without seeing an ad for daily fantasy sports players DraftKings or FanDuel. That’s because the interest in daily fantasy sports is at stratospheric levels. Fantasy sports is as popular as Buffalo wings and cold beer. A report in Fortune shows that 57 million North Americans are betting $465 a year on fantasy sports, making it a $27 billion business. DraftKings, based out of Boston, and FanDuel, operating from New York, are the largest single-day fantasy sports websites. Their websites work like this:…

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NBA Commissioner Adam Silver suggests regulations on daily fantasy operators

in Statewide/Top Headlines by

Daily fantasy operators, despite several outside investigations, continue to face serious questions about legality of industry trade practices under federal and state gambling laws. Steve Fainaru and Mark Fainaru-Wada of ESPN are reporting that NBA Commissioner Adam Silver has called for federal regulation of fantasy operators, even though he insists the league will continue its relationship with FanDuel – one of the organizations under scrutiny. Silver’s remarks, made on ESPN’s Outside the Lines, is the first from a major sports…

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Daily fantasy sports sites ordered to shut down in Nevada

in Apolitical/Top Headlines by

Nevada regulators ordered daily fantasy sports sites like DraftKings and FanDuel to shut down Thursday, saying the hard-to-miss sites that have flooded the marketplace with TV and Internet ads cannot operate in the state without a gambling license. The decision comes amid growing backlash by regulators and investigators, including New York’s attorney general, after it was revealed employees often played on competing sites, raising questions about possible insider information being used to win. Nevada regulators govern the country’s main gambling…

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