Tag: FanDuel

FanDuel Exits UK Market

Daily fantasy sports (DFS) operator FanDuel has closed its operations in the UK market. FanDuel informed players of its decision via email and also confirmed its exit via a posting on its official Twitter account. In a message on its website, FanDuel said that it hoped to return to the UK “in the future”, but…

DraftKings & FanDuel Merger Implodes

The anticipated merger between fantasy giants FanDuel and DraftKings has officially been called off, leaving some to wonder about the future of the companies.

Also, we’re covering stories from industry icon Calvin Ayre and his status as a “wanted man”.

Lastly, we’ve got gambling news out of Ireland.

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DraftKings & FanDuel Officially Abandon Merger

DraftKings and FanDuel have scrapped their merger plans after initial proposals were rejected by the US Federal Trade Commission (FTC). An initial scheduling conference with the FTC national consumer protection agency was set to occur before an administrative judge today (Friday), but the two daily fantasy sports (DFS) operators announced on Thursday that they will…

DraftKings and FanDuel Merger Unlikely

The US Federal Trade Commission (FTC) has said that it will seek to block the proposed merger between daily fantasy sports (DFS) companies DraftKings and FanDuel. According to reports in the US, the FTC has raised concerns over how the deal could impact competition in the US DFS sector, forecasting that the combined company would…

FanDuel Strikes Deal with WNBA

The Women’s National Basketball Association (WNBA), the sister league of the National Basketball Association (NBA) in North America, has entered into a partnership with daily fantasy sports (DFS) operator FanDuel. Under the deal, which represents FanDuel’s first agreement with a women’s professional sports league, the DFS brand will serve as the official one-day fantasy partner…

DraftKings & FanDuel: Fantasy Sports Merger Issues

Players have been anticipating the rumored merger between fantasy sports giants DraftKings and FanDuel for many months.

Now, the U.S. Federal Trade Commission may throw a wrench into the deal.

Also, there is fantasy news from Germany.

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DraftKings FanDuel Merger in Doubt

In mid-November 2016 the two largest daily fantasy football companies, DraftKings & FanDuel, announced a merger of equals. The thinking was that instead of pouring hundreds of millions of dollars into continuing to fight each other, they could fight legal and political battles together & continue to expand. When the news broke, ReCode quoted “the…

NBA & FanDuel Launch “InPlay” Betting

The NBA is upping its game on daily fantasy sports, with a little help from FanDuel. The league unveiled a fantasy game based on NBA games called InPlay on Thursday. It appears to be the development of a product called FanDuel Turbo that never officially launched. The NBA has an equity stake in FanDuel. “We…

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 companies in question, FanDuel and DraftKings, are…

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 practices. Schneiderman had charged that the companies misled casual…

Gambling News from the NBA, 888Sport and FanDuel

888Sport and FanDuel are making some interesting changes for their customers.

Plus, what professional sports league in the US is in favor of sports betting reform?

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FanDuel Launches “Friends Mode” Private Leagues

Daily fantasy sports platform FanDuel announced on August 1 a bold new feature that takes on the bigger, more entrenched “season-long” fantasy sports providers. And today that feature goes live to all FanDuel users. The feature is called Friends Mode, and it allows FanDuel users to set up private, recurring leagues to play against friends…

Fantasy Sports Gets Green Light in New York

New York Gov. Andrew Cuomo signed legislation Wednesday formally legalizing daily fantasy sports in the Empire State and handing the embattled industry its biggest victory to date. Fantasy operators that were active in New York before Nov. 10, 2015 must receive a temporary permit from the New York Gaming Commission before reopening for business. The…

DraftKings Merger with FanDuel Discussed

DraftKings CEO Jason Robins said that a possible merger between his company and FanDuel is a “very interesting idea” that could add value for shareholders and provide customers with a better service at a better cost. But he declined to rate the chances of it happening after recent reports of merger discussions between the two daily…

FanDuel CEO Warns: Expect More Laws and No IPO

[sg_popup id=”4″][/sg_popup]After spending the last two months promising to make you rich, the chief executive of FanDuel admits his daily fantasy sports site may have gone a bit overboard.  “We definitely got creative burnout pretty darn quickly,” said Nigel Eccles in an wide-ranging interview with Bloomberg on Tuesday, in which he also touched on regulation, taking the company…

Latest Fallout from Fantasy Sports Debacle

The dominoes keep tumbling for the Fantasy Sports industry, after a DraftKings employee used “inside information” to win over $300,000 in one week. Investigations have been initiated by the FBI and Federal Trade Commission, plus Nevada has issued a Cease and Desist for DFS operators in the state. Now, here’s the latest: The American Gaming…

NFL Player Files Lawsuit Against FanDuel

In recent Daily Fantasy Sports news, Washington Redskins receiver Pieere Garcon has filed a class-action lawsuit against DFS operator FanDuel for profiting off his representation and name without giving permission. Garcon filed his lawsuit on Friday in a Maryland Federal Court and is seeking compensation. FanDuel is accused of repeatedly using Pieere Garcon’s name and…

DraftKings & FanDuel Ordered to Cease and Desist

There are at least 1.3 billion reasons why the operators of DraftKings and FanDuel are beginning to sweat. The two largest daily fantasy sports companies were each valued at $1.3 billion this year by the investment community. Both companies, fueled by hedge funds, investment firms, billionaires, and professional sports leagues, were considering initial public offerings…

NCAA Bans DraftKings and FanDuel from Events

The NCAA is pulling the plug on daily fantasy sports games. In a letter sent Tuesday, college sports’ largest governing body notified executives from DraftKings and FanDuel it would cancel future meetings and ban advertising from the two popular websites during NCAA championship events such as the men’s basketball tournament. Because the NCAA believes the…