Tag Archives: DraftKings

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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Kristoffer Zvickell – FanDuel & DraftKings will fuel DFS awareness in Europe

With the world of fantasy sports an increasingly busy marketplace SBC’s Sam Cooke spoke to FanTeam CEO Kristoffer Zvickell about what it takes to stand out, and some of the differences between the US and European markets. SBC: As the fantasy sports market grows ever more crowded how are FanTeam intending to stand out to appeal to customers? Kristoffer: First …

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Opta deal sees DraftKings revamp its soccer product

DraftKings Inc., the troubled daily fantasy sports (DFS) platform, has teamed up with sports data provider Opta to supply all its live soccer performance statistics. DraftKings has engaged Opta in order to enhance the customer experience of its soccer product, in anticipation of an upcoming expansion into new markets. One of the main features that has changed is the increase …

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DraftKings reported to be ‘quietly’ seeking further $200 million in investment

The Boston Business Journal reports that DraftKings is ‘quietly’ seeking to raise a further $200 million in investment. If the Boston based DFS operator achieves its target funding, the company will have an estimated $2 billion valuation according to VC research and intelligence firm PitchBook. In six rounds of venture funding DraftKings has raised $375 million in investment from a …

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Dallas Cowboys owner Jerry Jones backs DFS operators

Dallas Cowboys franchise owner Jerry Jones has openly voiced support for the daily fantasy sports (DFS) industry, stating that DFS services would not compromise NFL operations or players. Jones an investor in operator DraftKings, defended his private investment in the DFS operator, stating “I don’t think DraftKings or [competitor] FanDuel in any way compromise our players on the football field …

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NCAA prohibits DraftKings & FanDuel of advertising on associated sports events

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 …

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Nevada Gaming Board tells DFS operators to apply for licensing

Nevada lawmakers ruled on Thursday that daily fantasy sports (DFS) operators would require a gaming license to operate their services in accordance with state regulations. The decision was approved by AG Burnett Chairman of the Nevada Gaming Control Board, who ordered all DFS operators to stop activity within the states borders and begin to apply for gaming licenses. Detailing the …

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Department of Justice orders FBI to investigate DraftKings & FanDuel

The Wall Street Journal (WSJ) has reported that the US Department of Justice has asked the FBI to form a preliminary investigation into US daily fantasy sports (DFS) operators. WSJ notes that the investigation will focus on US market leaders FanDuel and DraftKings. The Department of Justice is seeking to know whether DFS can be defined as a form of …

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