US news sources have reported that Walt Disney Company subsidiary ESPN has decided to end its advertising partnership with leading US daily fantasy sports operator DraftKings. ESPN governance decided to end its multi-content advertising contract, valued at an estimated $250 million with the Boston based DFS operator following a contract review. The broadcaster did not offer any official explanation for ending …
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Last week saw the long delayed launch of DraftKings in the UK, and whilst this opens up a potentially lucrative new revenue stream it may create more problems for the company and other DFS operators on home turf in the USA. The argument has been raging for some time now, are the likes of FanDuel and DraftKings truly games of skill or, as many state prosecutors …
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It has been announced today that major DFS operator DraftKings has launched in the UK. This long awaited launch, which was originally scheduled for October 2015, follows the announcement of three Premier League clubs as partners earlier this week. Deals were agreed with Arsenal, Watford and Liverpool which will ensure the operator has exposure at these clubs and will be …
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Following the decision last week by Hawaii Attorney General Doug Chin that daily fantasy sports constitute gambling, Honolulu Prosecuting Attorney Keith Kaneshiro has demanded that two fantasy sports sites stop taking bets from Honolulu residents. Alongside Utah, Hawaii is the only other US state which does not allow some form of legalised gambling. In a letter on Monday of this week …
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It has been announced that daily fantasy sports operator DraftKings has bagged itself deals with three Premier League clubs including Liverpool, Arsenal and Watford. DraftKings had been set to launch in the UK in late 2015 but this was delayed until early 2016, with a further detailed announcement expected in the very near future. The company has been fighting legal battles …
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The beginning of 2016, sees a further setback for leading daily fantasy sports (DFS) operators’ FanDuel and DraftKings, following the announcement by Texas Attorney General Ken Paxton that deems DFS to be an illegal game of chance in the Lone Star state. Responding to a query put forward by the Texas House of Representatives Committee on Public Health, debating the legality …
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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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Following Part 1’s assessment of the key occurrences in the eSports industry from a business perspective in the opening six months of 2015, here’s more of the same for the latter part of the year. August Ashton Kutcher became the latest high profile investor in eSports as he joined billionaire Mark Cuban in investing in Unikrn. Kutcher has a successful …
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In an interview with Fortune Mark Cuban, US businessman and investor, stated his belief that the USA will legalise sports betting. When quizzed on the recent, and ongoing, investigations into the legality of daily fantasy sports firms such as FanDuel and DraftKings, Cuban said that he believes it is “inevitable” that gambling will be legalised. He added: “It will take …
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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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