Friday, September 18, 2020

Tag: DFS

Illinois approves eleventh hour gambling expansion

Illinois gambling expansion approval
A concerted legislative push driven by newly-elected Governor Jay B Pritzker, saw Illinois’ spring session head into overtime, where a last minute gambling expansion..

March Madness, intercine interests and betting bungles

US Flags iGaming Bill
As Atlantic City enjoys its first shot of March Madness, West Virginia’s governor ushers its igaming bill into law, and Chicago hosts a first, albeit...

New York’s legal fudge creates temporary grey market for DFS

New York, gambling, legalislation, DFS
A war wages on over daily fantasy sports in New York, which for now has left DraftKings and FanDuel operating in a legal grey zone. In bypassing various constitutional procedures, the state’s lawmakers had no right to regulate DFS, said a Supreme Court judge…

New York states DFS is not game of chance as DraftKings and FanDuel soldier on

FANTASY, LEGISLATION, dfs, DraftKings, FanDuel
DraftKings and FanDuel have maintained their offerings to New York players, after a ruling by acting Supreme Court justice Gerald Connolly on 26 October that DFS is illegal in the state. Despite a 2016 law maintaining DFS is a game of skill, Connolly overruled

FanDuel scores US DFS expansion with Boyd partnership

basketball
anDuel, the American DFS subsidiary of Paddy Power Betfair has partnered with Boyd Gaming, gaining access to the latter’s licensed market in 15 US states. Boyd, which recently signed a shared access deal with MGM Resorts International...

FanDuel states play for US sports betting

fanduel
The CEO of America's 'other' daily fantasy sports operator says if the Supreme Court opens the door to sports betting in the US, FanDuel wants a piece of the action. Speaking to Forbes, FanDuel's boss Matt King said: “This business is around fan engagement and helping fans feel closer to the things they like, and clearly sports betting is one...

Sportito aim to corner UK market with DFS Chatbot

Sportito DFS Chatbot
DFS platform Sportito has launched a Chatbot service to further appeal to British fantasy sport players

Juegos Miami unveils ‘unmissable’ learning agenda

Evert Montero Canderas Juegos Miami Colombia
Attendees at this year’s Juegos Miami, the unique C-Level event for the Pan Latin American and Caribbean gaming industry (May 30 – June 1, Biltmore Hotel, Miami), have been told they ‘cannot miss a single session’ of its visionary learning agenda by Evert Montero, the event’s non-executive Chairman and President of Colombian trade body, Fecoljuegos.   Commenting on the comprehensive agenda...

DraftKings eye opening in Ireland’s DFS market

The American daily fantasy sports enterprise have announced they are planning on opening their services in Ireland before the end of the year. DraftKing’s plans were reported merely weeks after their merger with FanDuel was snubbed by the Federal Trade Commission over claims that it would destroy competition in the US DFS market. Jeffrey Haas, DraftKings’ chief international officer, told the...

DFS titans call time on ambitious merger bid

BBi - DraftKings FanDuel DFS merger
The two giants of daily fantasy sports, FanDuel and DraftKings, retreat from their proposed merger amidst enduring opposition from competition watchdogs and escalating legal costs.   Daily fantasy sports duopolies, DraftKings and FanDuel, have ceded their plans to merge after unwavering opposition from US competition authorities. The deal, which would have seen one entity corner more than 90 percent of the burgeoning...

Massachusetts brands DFS ‘game of chance’

BBi - Massachussets DFS game
A Special Commission in the state of Massachusetts has classed daily fantasy sports a game of chance - putting the soft genre’s future on shaky ground.   Massachusetts commission has recommended that daily fantasy sports be considered a game of chance - and therefore subject to online gambling legislation - setting a worrying precedent for the sector’s growth across the US. The...

Skill-gaming and Asia’s indelible millennials

ICR - Oulala Benjamin Carlotti millennials
Benjamin Carlotti, co-founder and Managing Director of DFS operator, Oulala, discusses the centrality of skill-based gaming to Asia’s discerning middle-income millennials. How important is an event like G2E Asia for interactive gaming operators in 2017? G2E Asia is a key event, especially for European companies because it is the door to Asia, a growing market offering numerous stimulating perspectives for the...

Oulala heralds unstoppable skill games revolution

Oulala Valery Bollier
Ahead of his appearance at SBC’s Betting on Football, and with bookmakers increasingly taking a closer at the hype around DFS, Betting Business caught up with Oulala CEO Valery Bollier.   Malta-based Oulala pivoted to focus on its B2B offering late last year. Bollier will be speaking on a panel regarding how DFS’ strengths as a customer engagement tool at Betting...

Daily Fantasy Sports giants hedging on antitrust risk

Betting Business - Daily Fantasy Sports
Daily fantasy sports giant, DraftKings soon (perhaps) to become an even more gigantic DraftKings-FanDuel, has achieved another $100m in financing, despite its pending merger not yet finding favour with the relevant authorities.   The company appealed for capital through its most recent fundraising round “Series E1”, although the $100m achieved in this round is only adding to a cash pile of...

Sportito brings a new style of daily fantasy sports to the UK

Betting Business Sportito DFS
Sportito is a new DFS operator which launched in August 2016 is already live in the UK and offers fantasy football contests across all major tournaments and leagues offering players the chance to access paid-for contests or compete in free competitions.   Having secured an official licence from the UK Gambling Commission, Sportito’s daily fantasy football games have launched in the...

DraftKings secures $153m venture capital investment boost

Fantasy Sports
DFS giant DraftKings has finalised $153m worth of investment deals with a range of backers ahead of the NFL season, but sources say the company’s value has dropped dramatically since 2015.   Major DFS operator DraftKings has allegedly managed to secure an additional $153m in venture capital funding – just in time for the opening games of high-profile America’s NFL season. Part...

Malta moves closer to unique DFS ‘skill games’ regs

Betting Business DFS Malta
Daily Fantasy Sports operators have lauded Malta’s gaming regulator, the Malta Gaming Authority, for its ongoing attempts to create a bespoke ‘Skill Games’ licence for the games.   Malta could soon become the first European jurisdiction to offer unique licences for Daily Fantasy Sports (DFS) operators under a dedicated set of ‘Skill Games’ regulations. The move follows a notice from the Malta...

Daily Fantasy Sports in California – flunked for 2016?

Coinslot Sacremento DFS California
Prospects for regulated DFS in California seemed rosy at the beginning of the year, but as the deadline for draft legislation approaches – there’s still silence from the senate in Sacramento. Any imminent prospect of legislation regulating Daily Fantasy Sports (DFS) in the state of California seems now to be all but extinguished, with the state’s legislature due to adjourn...

Maryland drafts consumer protection rules for DFS operators

Betting Business, Maryland, DFS
Daily Fantasy Sports operators have welcomed new regulatory plans in Maryland which will see a range of fresh consumer protections for DFS players put in place.   New proposals set out by comptroller Peter Franchot include age limits for DFS participants, a ban on third-party scripts, rules forbidden DFS employees to take part in the games and a system of demarcation...

Massachusetts signs new tax-free DFS regulations into law

Betting Business, DFS regulations
In a slightly unconventional move for the state, Massachusetts lawmakers have voted almost unanimously to allow DFS operators to offer their services without licensing fees or any new taxation of any kind.   Massachusetts has become the latest in a string of US states to officially legalise DFS, following hot on the heels of New York, Colorado and Pennsylvania.   The regulations allow...

New York governor signals green light for DFS

Daily Fantasy Sports
Governor Andrew Cuomo has given the all-clear for Daily Fantasy Sports operators to resume their operations in the state with a new bill that defines the activity as a game of ‘skill’ rather than ‘chance.'   New York has become the latest state to legalise Daily Fantasy Sports after lawmakers signed a bill defining the activity as a ‘game of skill’. Governor...

FanDuel introduces ‘Bill of Rights’, overhauls website and logo

Bill DFS FanDuel Regulation
As regulation continues to tighten in the US, DFS operator FanDuel has announced a series of new player protection measures as well as a major rebrand for its logo and digital channels.   Daily Fantasy Sports (DFS) operator FanDuel has completed a major rebrand of its website and logo as the company prepares to launch a new season-long product later this...

DFS operators scoop a licence-free ride in Mississippi

DFS Daily Fantasy Sports Mississippi
Mississippi legislators last month passed a new bill that will allow Daily Fantasy Sports companies like FanDuel and DraftKings to operate freely in the state without needing a licence. Governor Phil Bryant finally signed SB 2541 - originally titled the ‘Fantasy Contests Act’ - last month after a lengthy tug of war between the Senate and the House of Representatives...

Congress DFS debate could open doors for US sports betting

Frank Pallone DFS Debate
While the congressional hearing on DFS was hampered by the lack of participation by leading players in the industry it offered a faint glimmer of hope for the legalisation of sports betting at a national level. Seven months after DraftKings and FanDuel were originally caught up in insider trading allegations, the US Congress has finally shone a spotlight on the...

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