California AG Rob Bonta Says Online Fantasy Sports Platforms Illegal in Golden State
California Attorney General Rob Bonta said in a legal opinion on Thursday that all daily online fantasy platforms in state are illegal.
Fantasy Sports
Las Vegas Taxpayers May Find a Sure Bet in NFL’s Raiders
The Las Vegas taxpayer subsidy to build a stadium for the National Football League Raiders works out to $354 per resident. The cost will be paid, according to projections, by increased tourist traffic that will drastically increase hotel occupancy and
Congress to Consider Lifting Ban on Sports Betting
With the growing popularity of fantasy sports betting websites and the corresponding questions over their legality, a congressional committee looks to reconsider the wide bans on sports betting currently causing such confusion.
California May Legalize Fantasy Sports Betting
A bill allowing daily fantasy sports betting websites to operate in California cleared the State Assembly on Wednesday, bucking a national trend.
Texas Attorney General: Fantasy Sports Sites Run Counter to Texas Law
Texas Attorney General Ken Paxton issued a legal opinion today on daily paid fantasy sports sites that found that these sites run counter to Texas law.
Judge: Daily Fantasy Operators DraftKings and FanDuel Out of Business in NY
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.
Fantasy Sports Sites File Suit After Protest at NY AG’s Office
With attorneys general across the country turning their attention to online fantasy sports sites, many are being shut down as states figure out what regulations to impose on the industry. But two of the nation’s biggest sites are proactively filing a lawsuit in New York to prevent the state from shutting them down.
States to Tax Fantasy Sports’ Exponential Growth
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.
Dem Congressman Wants List of All NFL Players Engaged in Daily Fantasy Sports
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.
DraftKings Internal Investigation Claims Employee Did Not Use ‘Insider Information’
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.
Nevada Shuts Down Fantasy Sports Sites after Calling Them ‘Gambling’
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.
