Tag Archives: DraftKings

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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DraftKings delays UK launch to early 2016

DraftKings Inc has delayed its planned product launch for the UK fantasy sports market, pushing back its release to “early next year”. The US based fantasy sports operator, confirmed the delay this morning via the release of a short statement. Having gained a UK Gambling Commission (UKGC) licence in August, DraftKings had earmarked the release of dedicated UK DFS product …

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FanDuel and DraftKings to remain operational in New York

The ongoing investigations into the legality of daily fantasy sports hit New York recently, with a ruling stating that neither DraftKings nor FanDuel would be allowed to conduct business in the state for the foreseeable future. Despite this ruling though it has been announced that both companies will be allowed to remain operational in New York, for the time-being at …

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New York Supreme Court to deliver DFS verdict ‘soon’

Market leading DFS operators DraftKings and FanDuel have been allowed to temporarily service consumers in New York as state legislators debate the legal futures of the their business services. On Wednesday New York Supreme Court Justice Manuel Mendez heard oral arguments defending and opposing DFS services in the state of New York. Mendez would allow the operators to continue New …

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DraftKings retains Exiger as compliance advisor

DraftKings has confirmed that it will retain the services of global risk and compliance advisor Exiger. New York based Exiger is set to conduct a review of all aspects of DraftKings financial, operational, compliance, and risk controls practices, with the aim of securing and improving the operators consumer safety policies and initiatives. Its continued partnership with Exiger was welcomed by …

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DraftKings officially challenges New York AG’s injunction

DraftKings today has officially filed its brief with the Supreme Court of New York State, opposing Attorney General Eric T Schneiderman ’Cease & Desist” injunction preventing state-wide players from participating in fantasy sports games. In brief the DFS operator argues that New York laws are the “same today as it has been for more than seven years” of which DFS …

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DraftKings steps up geo-location security checks with GeoComply

DFS operator DraftKings has announced that it has partnered with geo-location technology specialist GeoComply in order to better verify user eligibility for its products. The operator will integrate GeoComply’s Solus Geolocation system, which will provide security id, proxy scanning and fraud checks for DraftKings day to day operations. The integration of GeoComply services, comes as DFS industry operators face mounting …

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Florida lawsuit charges DFS investors & stakeholders of consumer negligence

Florida’s Southern District Court has recorded an amended nationwide lawsuit filed against DFS operators DraftKings and FanDuel plus related industry stakeholders including investors, US pro leagues (NHL, MLB and NBA), associated media owners and payment processors. The lawsuit filed by Florida Attorney Ervin Gonzalez on behalf of DFS players’ Antonio Gomez and John Gerecs was charged against approximately 50 DFS …

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NFL to review DFS investments & interests

  NBC Sports has reported that NFL owners may be forced to withdraw marketing partnerships with DFS operators FanDuel and DraftKings. US media sources have further detailed that ownership and team interests in DFS operators will become a key agenda at the upcoming NFL franchise owners meeting scheduled for 2 December. The NFL, a long term opponent of US sports …

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FanDuel & DraftKings to challenge New York AG cease & desist orders

US DFS market leaders FanDuel and DraftKings are reported to be reviewing their legal options with regards to this week’s issuing of a ‘cease & desist’ orders by New York Attorney General Eric T Schneiderman. Following its one month investigation into DFS services provided by FanDuel and DraftKings, the New York AG has concluded that DFS contests and competitions can …

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