SBC News NCAA prohibits DraftKings & FanDuel of advertising on associated sports events

NCAA prohibits DraftKings & FanDuel of advertising on associated sports events

NCAA

US sports network ESPN, reports that the NCAA the governing body of college sports in the US, has prohibited DraftKings and FanDuel from advertising during its associated events.

ESPN obtained a communication addressed to DraftKings CEO Jason Robins and FanDuel senior executives Christian Genetski (Chief Legal Officer) and Matt King (Chief Financial Officer) requesting the operator to stop TV advertising on NCAA broadcasts.

NCAA governance further asked the operator to notify them of any referees or officials that have participated in DFS competitions.

Noting its authority, the governing body has pointed to long-standing bylaws which state that NCAA events will not accept any form of advertising from sports wagering entities. The NCAA believes the bylaws grant them a right to approve advertising partners.

NCAA broadcaster’s Turner Sports and CBS have been informed of the governing body’s actions. Both media owners have declined to comment.

ESPN further details that NCAA President  had written to the operators in August, requesting for them to cease offering DFS tournaments on NCAA sporting events since they could be in violation of PASPA and UIEGA laws.

Both DraftKings and FanDuel declined to comment on the NCAA’s request.

Check Also

SBC News Flutter counts $1.2bn loss completing its 2023 transformation 

Flutter counts $1.2bn loss completing its 2023 transformation 

Flutter Entertainment Plc has declared corporate losses of $1.21bn after completing a transformative year for …

SBC News Genius Sports beats FY2023 targets as 2024 focus turns to profitability

Genius Sports beats FY2023 targets as 2024 focus turns to profitability

Genius Sports Inc celebrates its eighth consecutive quarter of growth, as its yearly revenue and …

SBC Leaders Issue 29

SBC Leaders magazine: Sky Betting & Gaming still thinking big

Sky Betting & Gaming may be sitting at the very top of the UK gambling …