Life and politics from the Sunshine State's best city

Tag archive

DraftKings - page 4

Fantasy football sites FanDuel and DraftKings now facing 40 class action suits

in Apolitical/Top Headlines by

Fantasy Football giants FanDuel and DraftKings are facing some 40 class action lawsuits alleging the two sites fraudulently coerced players into an illegal gambling scam. According to the National Law Journal, most of the lawsuits claim consumer fraud and false advertisement as the basis for suit. Plaintiffs are seeking reimbursement for lost fees paid to the websites ranging anywhere from just $0.25 to thousands of dollars. Some of the suits also claim the companies engaged in insider trading after it…

Keep Reading

You might be interested in

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:…

Keep Reading

You might be interested in

Mitch Perry Report for 11.10.15 – Right to Rise ready to go nuclear on Rubio?

in The Bay and the 'Burg/Top Headlines by

The Marco Rubio campaign is making the most out of the blockbuster story in today’s New York Times about the Jeb Bush campaign about to go nuclear on Rubio. Specifically, Right to Rise, Bush’s super PAC, is apparently ready to spend $20 million in attacking Rubio. “Part of running for president is you have to put your big boy pants on and get vetted on the issues, so we know we don’t have a dud candidate running against Hillary Clinton,” Right to Rise chief…

Keep Reading

You might be interested in

NJ Democrat Frank Pallone still wants hearings on fantasy sports

in Sports/Top Headlines by

Daily fantasy sports have exploded into a multibillion-dollar industry in recent years. Advertisements for both FanDuel and DraftKings are inescapable during broadcasts of football games and on ESPN. But is the party going to end soon? In September, New Jersey Democratic U.S. Rep. Frank Pallone requested that the Energy and Commerce Commission hold advanced hearings to determine the legal status of daily fantasy sports. The committee has jurisdiction over professional sports gambling. Then allegations of insider trading emerged last month when an employee of DraftKings mistakenly…

Keep Reading

You might be interested in

Fantasy sports lobbies up, hires former deputy Labor Secretary for self-regulation

in Top Headlines by

As fantasy-sports operators face scrutiny and increased calls for regulation, the industry is turning to a former member of the Obama administration to help prove to outsiders it can self-monitor. Seth Harris, who was deputy U.S. Labor Secretary and was acting department head for more than a year, has been retained by the Fantasy Sports Control Agency to lead an independent regulation board. The newly created agency will work under the auspices of the Fantasy Sports Trade Organization, with the…

Keep Reading

You might be interested in

Washington’s Pierre Garcon sues FanDuel

in Sports/Top Headlines by

There have been easier times to run a fantasy football site. Pressure on those in charge of the games increased this week. First. Nevada became the first state in the union to declare fantasy football to be gambling. That means that sites such as DraftKings and FanDuel will have to have a license to operate there. FanDuel and DraftKings have both become big, but critics say they operate on a business model that resembles gambling. “Since offering (daily fantasy sports…

Keep Reading

You might be interested in

Mitch Perry Report for 10.29.15 – Marco Rubio scores in debate, but will it boost his polling?

in The Bay and the 'Burg/Top Headlines by

There’s lots to unpack from Wednesday night’s two-hour GOP presidential debate,  but the most important thing to remember is that there still are three full months before any voter decides on anything. Unlike 2011-2012 when GOP primary voters through the polls bounced from Michele Bachmann to Rick Perry to Herman Cain to Newt Gingrich to Rick Santorum to ultimately Mitt Romney, they’ve been stuck most of this year on just one candidate: Donald Trump. That’s changed recently with Ben Carson’s…

Keep Reading

You might be interested in

1 2 3 4 5
Go to Top