FanDuel

A FanDuel gambler won nearly a million dollars on Monday, after wagering that the Washington Football Team would cover the six-point spread against the Pittsburgh Steelers.

Despite spending a century crusading against gambling in sports, many of the nation’s major professional leagues are now cutting deals with the sports betting industry, a new report says.

A bill allowing daily fantasy sports betting websites to operate in California cleared the State Assembly on Wednesday, bucking a national trend.

On Friday, New York Supreme Court Judge Manuel Mendez disappointed players of fantasy sports in New York, as well as the NBA, MLB, and the NHL, by ruling daily fantasy operators DraftKings and FanDuel could not do business in new York.

The office of New York’s attorney general fired off cease-and-desist letters to FanDuel and DraftKings fantasy sports websites.

Desperate for revenue, several states are making a major push to regulate and tax so called “daily fantasy sports,” such as New York’s FanDuel and Boston’s DraftKings.

U.S. Rep. Frank Pallone Jr., a top New Jersey Democrat on the Energy and Commerce Committee, sent a letter to two large, daily fantasy sports websites requesting a list of National Football League (NFL) personnel who used their services in the last year.

With accusations of “insider trading” still hanging over the fantasy sports betting industry, one of the two websites at the center of the scandal, DraftKings, has released the results of an internal investigation. The website now claims that one of the employees accused of insider trading did not use internal data to win over $350,000 on rival site, FanDuel.

Fantasy sports sites, on the heels of a betting scandal prompted by what detractors called “insider trading,” received a shutdown notice from the state of Nevada as regulators and lawmakers turn their attention to making new rules to cover the popular online venues.

Just days after daily fantasy sports sites FanDuel and DraftKings were charged of insider trading, TBS’s Conan O’Brien spoofed the two sites’ commercials on his nightly show “Conan.” The commercials, which are seen often on sports stations and during sporting events, portray testimonies from

New York Attorney General Eric Schneiderman wants to know if employees of the two largest fantasy football betting sites used privileged information to make money on NFL games.

Fantasy football competitors have been rocked by a major scandal after news leaked that an employee of one of the websites prematurely leaked player data that could affect millions of dollars in bets, sparking charges of “insider trading.”