DraftKings and FanDuel have each agreed to pay more than $1m (€830,000) to resolve allegations of consumer-unfriendly practices in the US state of Massachusetts.
Coinciding with the start of the new NFL American football season, both daily fantasy sports (DFS) operators are to pay $1.3m in a deal announced by Massachusetts Attorney General Maura Healey.
The authorities in the state last year proposed a raft of consumer protection regulations, including restrictions on advertising that reflected the average DFS player’s slim chances of winning anything.
Fantasy Sports Legalized in Massachusetts 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 […]
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 […]
Pending Fantasy Sports Merger Begs Question Now that the two largest online daily fantasy sports sites are back in the news—nearing a deal to merge into a company drawing $100 million in revenue, according to the Wall Street Journal—it’s a good time to answer a nasty, nagging question: Are these sites legal?
Because the […]