Arkansas Sports Betting

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 few governments have set legal conditions of operations. Meanwhile, other States such as Georgia, Illinois and Texas are debating a further implementation of similar projects. So far, daily fantasy sports operators have only been offering legal platforms in Colorado, Indiana, Kansas, Maryland, Massachusetts, Mississippi, Missouri,…

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 law. The legislation’s chief sponsor, Rep. Michael Zalewski, D-Riverside, says the regulations proposed are designed to protect players. “I think daily fantasy sports continues to be operating in a regulatory vacuum,” Zalewski said. “This has been going on for two or three years now where…

DraftKings & FanDuel: Fantasy Sports Merger Issues

[three_fifth padding=”0 15px 0 15px”] [/three_fifth]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. This week’s special offer is from bet365 Poker, where you can get a €100 bonus and Tournament Tickets Worth €5 free!

DraftKings betting shop

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.) The full suite of DraftKings fantasy contests will be available to the German population… “Germany is known for its passionate sports fans and we are pleased to welcome them to daily fantasy sports,” DraftKings Chief International Officer Jeffrey Haas said in a press release upon…

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 amount that the state would collect under this structure is unclear, the NorthJersey.com website said Chris Grimm, a consultant for DFS firms DraftKings and FanDuel, estimated the figure at approximately $1 million (€933,532) each year. More at iGaming Business

DraftKings betting shop

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 live about a year ago. The core news is that DraftKings announced it had acquired a “Controlled Skill Games License” from the MGA. That is a new type of gaming license — apart from gambling licensing — that specifically looked to account for DFS. Acquiring…