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Fantasy

State legislatures see flurry of daily fantasy sports bills

in Statewide/Top Headlines by

The daily fantasy sports debate has spilled into state capitols nationwide, with nearly 30 legislatures including Arizona’s considering proposals to regulate, ban or affirm the games played by millions of Americans. The flurry of recent legislative activity represents a sea change for the industry, which for years was content to operate largely unregulated. “We’ve been operating in this gray area for a long time, and, up until now, it hasn’t really been a problem,” said Peter Schoenke, chairman of the…

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Daily fantasy sports losing major payment processor

in Apolitical/Top Headlines by

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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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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Injuries make for tougher calls at tight end

in Sports/Top Headlines by

If you’ve got Carolina tight end Greg Olsen, congratulations. You should have a pretty good edge in your fantasy lineups this week. Everyone else, well, be prepared: It could be ugly at the position. Top-scoring tight end Rob Gronkowski looks likely to miss this week’s game against Philadelphia with a bruised knee, while No. 2 scorer Tyler Eifert – with an NFL-best 12 touchdown catches – is dicey because of a neck issue. And while he hasn’t had his typical…

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

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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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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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Las Vegas casinos not rushing to join daily fantasy game

in Apolitical/Top Headlines by

Casinos and sports books, the only companies who can legally offer daily fantasy sports sites in Nevada, are instead watching and waiting from the bleachers. It has been more than a week since Nevada regulators told the daily fantasy sports industry to get a gambling license or get out, and before they made their exits, the top two companies inferred regulators were playing favorites to protect Nevada’s golden ticket: casinos and sports books. On Friday, DraftKings reiterated in an emailed…

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