Tag Archives: Daily Fantasy Sports

California gives daily fantasy sites a boost

The current state of affairs regarding whether or not daily fantasy sports constitute gambling has been causing the companies offering such services major issues in recent times, with numerous investigations ongoing. The likes of DraftKings, FanDuel and others have been given a lift though, with the state of California having taken a step to permitting, taxing and regulating the industry.  Other states …

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eSports platform Vulcun drops fantasy offering

Competitive  eSports operator Vulcun has announced that it will no longer offer real money daily fantasy games from January 14th. An onsite blog post stated: “After careful consideration (and much heartache), we’ve decided to phase out paid fantasy on Vulcun. Once the new season of the LCS begins on January 14th, 2016, we will no longer offer paid contests on Vulcun.”  It was …

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Daily fantasy sports firms agree fast tracked court date

Two of the world’s largest daily fantasy sports companies, DraftKings and FanDuel, have agreed a fast tracked court schedule with Illinois Attorney General Lisa Madigan. This follows a decision by Madigan that daily fantasy sports constitute illegal gambling and as such would no longer be allowed in the state of Illinois. Both DraftKings and FanDuel have filed litigation against this opinion, and as such …

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FanDuel secures $275 million with Google & Time Warner as Series E investors

Leading daily fantasy sports operator FanDuel has been valued at $1 billion, following its latest venture capital ‘Series E’ round of $275 million. The investment round was led by Venture Capitalist firm  Kohlberg Kravis Roberts (KKR), technology news sources report that new FanDuel investors include Time Warner and Google Capital (Source: Crunchbase). The $275 million comes less than 12 months …

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