Daily Fantasy Sports News

What Is Driving Massive $485 Million Valuation For Underdog?

Underdog announced Tuesday it raised a $35 million Series B funding round to fund its development of sports betting and fantasy products. Read More

Posted on: July 27, 2022 | | Brad Allen

Underdog Leaves Michigan Daily Fantasy Sports Over Regulation

Daily fantasy sports operator Underdog Fantasy pulled out of Michigan, but it could be back in the near future. Underdog Fantasy pulled out of Michigan daily fantasy sports, according to an email from the company’s customer support team last week. The company is working to get back into the market, according to a source close to […] Read More

Posted on: June 29, 2022 | | Pat Evans

PayPal Seizure Case With Gaming, DFS Implications Goes To Arbitration

A federal court case in California involving PayPal could have implications for the gambling and fantasy sports markets. Earlier this month, the U.S. District Court for the Northern District of California in San Jose granted a motion filed by PayPal attorneys to have a potential class-action lawsuit proceed as individual arbitrations. Background on PayPal case The case […] Read More

Posted on: June 28, 2022 | | John Holden

With Ontario Sports Betting Near, DFS Operators To Bail Over Regulation

As Ontario readies for commercial sports betting, the province will likely lose most of its daily fantasy sports operators. FanDuel will pull its daily fantasy sports product out of Ontario on Friday because of regulatory issues, company spokesperson Kevin Hennessy confirmed Tuesday. That comes as FanDuel prepares to launch its sportsbook for ON sports betting next week. Following FanDuel’s […] Read More

Posted on: March 30, 2022 | | Pat Evans

NY DFS Is Constitutional After All, Appeals Court Confirms

It is constitutional for NY residents to enter and participate in paid DFS contests, the state’s Court of Appeals ruled Tuesday. The determination comes after years of uncertainty led to a hearing in October. The New York legislature legalized daily fantasy sports in 2016 by calling it a game of skill. That led to two […] Read More

Posted on: March 23, 2022 | | Matthew Waters

FanDuel Pausing Connecticut DFS Until NFL Season For Updates

There is just one daily fantasy sports app available in Connecticut after FanDuel allowed its provisional license to expire Feb. 27. FanDuel confirmed to LSR that its daily fantasy sports contests will not return to Connecticut until closer to the NFL season: “Due to a change in state regulations, FanDuel is no longer able to […] Read More

Posted on: March 10, 2022 | | Matthew Waters

Retail Louisiana Sports Betting Grows With Mobile On The Horizon

A launch for mobile sports betting in Louisiana is still in limbo. The Louisiana Gaming Control Board met Thursday, largely to hear revenue reports and an update on an issue with the DiamondJacks Casino & Resort, which is one of 20 casinos eligible for a sports betting license in the state. Despite no updates at the […] Read More

Posted on: January 21, 2022 | | Pat Evans

Opinion: How Blurred Are Lines Between DFS, Sports Betting?

Robin Thicke has largely disappeared from the public spotlight. (Beyond a few lawsuits, at least …) The lines between fantasy sports and sports betting, however, continue to be blurred in today’s environment. Back in 2014 when daily fantasy sports first became a part of the American sports ethos, many people noted the similarities between daily fantasy […] Read More

Posted on: October 26, 2021 | | John Holden

Opinion: Reflecting On UIGEA At Its 15-Year Anniversary

We reached this week the 15th anniversary of the Unlawful Internet Gambling Enforcement Act (UIGEA.) in the United States. In the last 15 years, a lot has changed in the world of online gambling. We now have not only legal online sports betting available in more than 20 states, but growing numbers of states are […] Read More

Posted on: October 15, 2021 | | John Holden