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Fantasy sports companies defend embattled industry

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Daily fantasy sports companies say their industry remains viable despite a rocky start to 2016. The industry’s top companies, DraftKings and FanDuel, are on the defensive after taking hits to their businesses in recent weeks as scrutiny by state policymakers across the country continues to intensify. This week, it was disclosed that ESPN and DraftKings ended an exclusive advertising deal and FanDuel confirmed Wednesday it had laid off 55 workers in its Orlando, Florida, office. ESPN and DraftKings declined to…

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Senate punts — for now — on Seminole Compact, gambling bill

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As the state House of Representatives moved on its package of gambling bills Tuesday, the Senate hit pause and delayed consideration of the Seminole Compact and related legislation for another week. “My intention is to (temporarily postpone) the gaming bills today for one week to give our committee members the opportunity to digest the various amendments being filed,” state Sen. Rob Bradley, chair of the Regulated Industries Committee, told FloridaPolitics.com earlier in the day. After the committee’s afternoon meeting, Bradley told reporters the delay…

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Daily fantasy sports losing major payment processor

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An Ohio company that processes payments for daily fantasy sports sites says it will no longer handle their payments and will pull away from the $2 billion industry in February, according to a newspaper report. FanDuel, DraftKings and other daily fantasy sports sites have been under assault in recent months as attorneys general in several states find the games illegal. Losing a payment processor would be the latest blow to the businesses because they do not handle players’ deposits and…

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5 questions for Fantasy Sports Trade Association after DFS bill first committee stop

in Statewide/Top Headlines by

One of the hottest issues facing lawmakers in the 2016 Legislative Session is the regulation of the daily fantasy sports industry. Moving toward that goal is HB 707: Fantasy Contests, sponsored by state Rep. Matt Gaetz, has recently move out the Business & Professions Subcommittee, its first stop in the Florida House. What the bill seeks to do is create a series of consumer protections and oversight for DFS operators. Highlights of the proposal include: fantasy sports operator employees and…

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Five questions with Senate President-to-be Joe Negron

in Statewide/Top Headlines by

With the 2016 Legislative Session right around the corner, Sen. Joe Negron is in his element. The Treasure Coast lawmaker is known as a workhorse (although he might have to be more of a show horse now that he is Senate President Designate), and in Tallahassee is where he does some of his best work. Riding high after prevailing at long last in a years-long tussle with Sen. Jack Latvala over who will lead the Senate after 2018 elections, Negron comes to the 2016…

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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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Today on Context Florida: Crispr gene-editing tool, fantasy sports and Camp Murphy WWII memories

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Today on Context Florida: If you pay attention to the news, you’d think Florida, the nation and the world are doomed. But cheer up, says Tom O’Hara. The big story of 2015 is Crispr/Cas9, and it’s very good news. For laymen, the scientists are calling this a “gene-editing tool.” With Crispr (clustered regularly interspaced short palindromic repeats), scientists have discovered a cheap and efficient way to cut DNA so they can disrupt bad genes and insert good ones. They compare the…

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