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Louisiana Legalizes Daily Fantasy Sports, But There’s a Catch

Louisiana DFS bill passed by legislature

The Louisiana legislature has voted to legalize daily fantasy sports. The State Senate on Wednesday approved the state’s DFS legislation by 21-15, following an overwhelming blessing from the House last month. But Louisiana DFS fans won’t be able to play with impunity just yet. Voters must decide at a November ballot whether the competitions should…Read More

New York State AG Eric Schneiderman, Who Fought Daily Fantasy Sports, Resigns Amid Sexual Misconduct Allegations

Eric Schneiderman daily fantasy sports

Eric Schneiderman, the New York State Attorney General who singlehandedly threatened to wipe out the entire daily fantasy sports (DFS) industry via $3 billion in fines, has resigned amid numerous allegations of sexual misconduct. In January 2016, Schneiderman brought a lawsuit against DraftKings and FanDuel for what he determined was the illegal operation of online…Read More

Daily Fantasy Sports Contests Officially Legal in Pennsylvania, Eight Operators Enter Licensed Market

Daily fantasy sports legal in Pennsylvania

Daily fantasy sports contests are legal in Pennsylvania. In fact, they have been since last Saturday, according to announcement this week by the Pennsylvania Gaming Control Board (PGCB). The board said that Pennsylvanians who already participated in DFS with a company that has received a license will notice no difference in gameplay and will not…Read More

Academic Study Rates Daily Fantasy Sports as Skill, Not Gambling

Daily fantasy sports skill not gambling

Daily fantasy sports are not games of chance, says a new study by a Kansas State University professor, soon to be published in full in the Journal of Sports Science. The report advises that state legislators should not class the contests as gambling. “Whether or not individuals in a state can participate in daily fantasy…Read More

DraftKings Actively Seeking Sports Betting Partner in New Jersey

DraftKings’ sports betting plans in New Jersey

Daily fantasy sports giant DraftKings is itching to make the move into sports betting. This week, the company told the Associated Press it had already contacted casinos in New Jersey with an eye on partnering up after a favorable Supreme Court Ruling. The SCOTUS is expected to strike down PASPA, the federal law that prohibits…Read More

Alabama Daily Fantasy Sports Bill Throttled to Death on Senate Floor

Alabama DFS bill fails to change Luther Strange’s 2016 opinion

Alabama’s daily fantasy sports bill went down in flames in the State Senate on Wednesday. Despite being unanimously approved by the Senate Tourism and Marketing Committee earlier this month, Senator Paul Sanford’s bill didn’t even make the vote yesterday – a fate that has befallen both of the dogged senator’s previous attempts to legalize DFS…Read More

FanDuel Plans to Go Public in Reverse Merger with Platinum Eagle

FanDuel to go public with Platinum Eagle Merger

FanDuel is in advanced talks to go public through a reverse merger with special purpose acquisition company (SPAC) Platinum Eagle Acquisition Corp, according to multiple sources with knowledge of the situation who spoke to financial news website Axios this week. SPACs are essentially shell companies with no actual operations, but with a star-studded management team…Read More

DraftKings Hires Sportsbook Exec Ahead of US Supreme Court Decision on Christie v. NCAA

DraftKings sports betting PASPA

DraftKings is preparing its company for life after the US Supreme Court potentially repeals the current federal ban on sports betting. The daily fantasy sports (DFS) provider announced this week that it has hired its first “Head of Sportsbook,” with Sean Hurley the man appointed to the position. Hurley comes to the DraftKings from London-based…Read More

DFS Heavyweights DraftKings and FanDuel Packing Less Punch, as Sports Betting Opinions Change

DraftKings FanDuel sports betting

DraftKings and FanDuel, the two online daily fantasy sports (DFS) platforms that took 97 percent of the bets placed on the contests in 2017, are struggling to grow revenues.  That’s according to Eilers & Krejcik Gaming, a market research firm in California, that details the struggling DFS industry. A subset of fantasy sports, DFS was all the…Read More

DraftKings to Live-Stream EuroLeague Basketball, Dreaming of the Big Leagues

DraftKings’ live-streaming EuroLeague Basketball

DraftKings will shortly begin offering live-streaming of EuroLeague basketball games for customers playing contests with buy-ins of $3 and upwards. The company’s co-founder and chief revenue officer Matt Kalish told the SportsTechie Podcast his week this was the first phase of a shift towards DraftKings’ live-streaming transformation into a “one-stop shop,” where sports fans will…Read More

DraftKings Will ‘Go After’ Sports Betting, says CEO

DraftKings’ sports betting is on, says Jason Robins

It’s official: a DraftKings’ sports betting platform will happen if the US Supreme Court strikes down the federal ban later this year. CEO Jason Robins dropped the highly anticipated bombshell to the Associated Press on Thursday. DraftKings would “certainly be going after it,” he said. I think the Supreme Court – I’m hopeful – will…Read More