Tag: fantasy sports

New Jersey Regulates Fantasy Sports

New Jersey has joined the expanding list of US states that have passed legislation that allows and regulates daily fantasy sports (DFS). State Governor Chris Christie signed bill A-3532 yesterday (Thursday), after it was given approval by the Senate back in June. New Jersey becomes the 16th state in the US to legalise DFS within…

Maine Regulates Fantasy Sports

Maine has become the 15th US state to legalise paid-for daily fantasy sports (DFS) contests. DFS is now classed as a ‘game of skill’ in Maine and operators that wish to offer such services in the state will need to have revenue of more than $100,000 (€84,700) and pay a licensing fee of $2,500. Other…

New Jersey Fantasy Sports Would Not be Regulated as Gambling

The clock is now ticking on Gov. Chris Christie officially signing A3532, a bill regulating daily fantasy sports (DFS) that was passed by the New Jersey Senate on Friday, June 30. The measure, which sailed through the chamber by a comfortable 29-6 margin, would tax DFS operators at a rate of 10.5 percent of gross…

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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Indiana Hands Out 3 Fantasy Sports Licenses

The Indiana Gaming Commission (IGC) granted DraftKings, FanDuel and FantasyDraft the permission to operate in the state as the three companies had temporary licenses whilst waiting for a final resolution. Despite the good news for the three biggest operators in the country, thirteen companies suspended their business in the state after they didn’t apply to…

Fantasy Sports Now Legal in Vermont

Governor of Vermont, Phil Scott, has finally signed a bill that legalises and regulates daily fantasy sports (DFS) activity in the state. With this new approval, the number of states that offer DFS in the country rises to 12. Back in May, it was reported that Vermont had been approved by both the Senate and…

Alabama Says “No” to Fantasy Sports

The tide never turned for a daily fantasy sports bill in Alabama. As a result, DraftKings, FanDuel and the rest of the paid-entry fantasy sports industry is likely to continue to stay out of the state for the foreseeable future. The Alabama legislature adjourned its session on Friday night. That adjournment did not come with…

California Says Fantasy Sports are Gambling

A district court in California dealt a blow to FanDuel, DraftKings and other DFS operators last week when it held that the payment of entry fees to enter daily fantasy horse racing contests that are returned to winners as cash prizes constituted a wager. The court was handing down a preliminary ruling in a suit…

Fantasy Sports Moves Toward Regulation in Vermont

The Vermont legislature recently approved a bill that would make DFS legal while also regulating it. DFS regulation is just a part of S 136, which also contains consumer protections outside of the fantasy sports industry. Gov. Phil Scott must still sign the bill to become law. He could also veto it, or do nothing…

Alabama Could be Next to Regulate Fantasy Sports

Alabama could soon operate legal daily fantasy sports as State legislators decided to pass the bill. According to Biz Journals, the Alabama House of Representatives approved yesterday a gaming amendment to include daily fantasy sports under local regulations. The sector will still be considered as illegal until the Senate confirms the House approval. Daily fantasy…

NBA Supports Fantasy Sports Around the World

North America’s National Basketball Association (NBA) has agreed a multi-year deal with sports entertainment company PlayON to launch daily fantasy sports (DFS) contests in regions around the world. PlayON will serve as the official daily fantasy partner of the league in a selection of major markets in Europe, Latin America and Asia. The partnership will…

Arkansas Becomes 11th State to Regulate Fantasy Sports

Daily fantasy sports (DFS) industry has legally expanded to Arkansas, the 11th State to approve a complete regulation on the real money betting sector.According to Legal Sports Report, last Monday Arkansas’ Governor Asa Hutchinson signed the legislation allowing it to become effective. The daily fantasy sports industry is very popular across the United States, although…

Illinois Fantasy Sports Bill Introduced

A bill to allow and regulate online daily fantasy sports betting has been introduced in the General Assembly, but opponents say it will hurt other forms of gambling in Illinois. The bill is intended to supercede a 2015 advisory opinion by Attorney General Lisa Madigan that daily fantasy sports betting was illegal under state gambling…

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 Opens in Germany

US daily fantasy sports site DraftKings officially went live with a beta version in Germany on Thursday. Earlier this year, DraftKings announced it would be going live in Germany during Q1, thanks to a new skill-games license acquired in Malta. (Fantasy soccer site Oulala is the only other company known to have acquired this license.)…

New Jersey Closing in on Fantasy Sports Regulation

New Jersey has taken a step closer to legalising daily fantasy sports (DFS) after a state Assembly committee cleared a bill that would regulate the industry. The proposed legislation sets out rules to charge DFS companies a fee of 10.5% on gross revenue in order to legally operate in the US state. Although the exact…

DraftKings to Operate in Germany

Daily fantasy sports site DraftKings is heading to Germany. That’s thanks to a new gaming license the company acquired from the Malta Gaming Authority. The international expansion will occur sometime during Q1, Jeffrey Haas, chief international officer for DraftKings, told Legal Sports Report. It marks the first expansion of DraftKings’ footprint since DraftKings UK went…

Fantasy Sports Regulations Go Live in Maryland

This week, regulations governing fantasy sports contests in the State of Maryland went into effect.  The regulations, implemented pursuant to a 2012 law exempting fantasy sports from the State’s gambling prohibition, vest the Office of the Comptroller with authority to enforce various consumer protection rules aimed at establishing basic rules to ensure fairness in the…

Ohio Considers for Fantasy Sports in 2017

Ohio is shaping up to be one of the major battleground states for the daily fantasy sports industry next year, as a new piece of legislation has surfaced. The legislation comes after a bill that would make DFS illegal was introduced earlier this year. An attorney general memo this year also did little to clear…