The future of daily fantasy sports (DFS) has been secured in Massachusetts after regulations were signed into law by the US state’s governor. The new rules include a minimum age of 21 for participants, bar games based on college or amateur sports and prohibit individual players from spending more than $1,000 each month without proof they could withstand deep financial losses.
The regulations, which were put forward by Attorney General Maura Healey earlier this year, also require DFS operators to offer ‘beginner’ contests that highly experienced players would be prevented from entering. After signing a bill including the DFS provisions, Governor Charlie Baker made reference to DraftKings, which is based in Boston, Massachusetts.
He said: “What I believe we were doing was simply taking what the attorney general put out there as sort of directional guidance and turned into a statute so that a company like DraftKings — which is big and successful in the consumer online business — can continue to be headquartered here in the commonwealth.”
Massachusetts May Consider Online Gambling & Fantasy Sports On Monday, the Massachusetts Special Commission on Online Gaming, Fantasy Sports Gaming and Daily Fantasy Sports met for the first time. The existence of the panel is a result of a daily fantasy sports bill the legislature passed in August. The bill legalized daily fantasy sports in […]
Fantasy Sports Pay $12 Million for “Deceptive Ads” in New York The country’s two leading online daily fantasy sports companies are paying out big — in fines to the state. FanDuel and DraftKings on Tuesday agreed to pay $6 million each to settle lawsuits from Attorney General Eric Schneiderman alleging they engaged in false and deceptive advertising […]
ESPN Inks Deal with DraftKings DraftKings has agreed a deal to become the official daily fantasy sports offering across all platforms operated by US sports broadcaster and Disney subsidiary ESPN.
Under the agreement, the terms of which were not disclosed, both companies will benefit from branding and promotional […]