Daily fantasy sports (DFS) operator DraftKings has brought in regulatory risk and compliance company Exiger and launched a new geolocation solution from GeoComply in an effort to regain public support following recent criticism of its services.
The PGA Tour, an organising body for professional golf events primarily in North America, has opted to prohibit its players from taking part in daily fantasy sports (DFS) contests or endorsing providers of such services.
Michael Sweeney, the new executive director of the Massachusetts Lottery, has confirmed that the organisation will consider legalising fantasy sports betting in the US state in an effort to generate additional revenue.
Amaya has announced that it is to limit its StarsDraft daily fantasy sports (DFS) brand from operating real-money games and tournaments in most US states following a review of recent developments in various jurisdictions.
New York Attorney General Eric Schneiderman has launched an inquiry into DraftKings and FanDuel in order to establish the advantages daily fantasy sports (DFS) employees may have gained using data from their company to win prizes on offer by competing operators.
Daily fantasy sports operators DraftKings and FanDuel have moved to defend the integrity of their businesses after it was revealed that a member of staff released inside information and placed winning bets on events.
Daily fantasy sports operator FanDuel has revealed it has been able to secure an additional $275 million (€249.7 million) in Series E financing, increasing the total capital raised by the company to $363 million.
The acquisition of Major League Fantasy by Latitude360 shows that US DFS companies believe the product can gain traction through offline leisure-themed venues. As ever, the key to its success will be in the execution, writes Steve Ruddock.
The backers strewing money at the feet of DraftKings and FanDuel patently believe there’s a pot of gold at the end of the rainbow, but we’ve been here many times before, writes Mickey Charles of The Sports Network.