Legal Daily Fantasy Sports Developments

Unikrn Continues Despite SEC Settlement For ‘Substantially All Its Assets’

The esports betting operator said the $6 million settlement gave it clearance to "focus on building our industry-leading business". Read More

Posted on: September 17, 2020 | | Brad Allen

IRS: Daily Fantasy Sports Companies Are Subject To Federal Sports Betting Tax

New guidance from the Internal Revenue Service says that the federal excise tax on sports betting also applies to daily fantasy sports. The excise tax, sports betting and DFS The excise tax is applied as a tax of .25% of all sports wagers; as applied to DFS this would be each entry fee for a […] Read More

Posted on: August 13, 2020 | | Dustin Gouker

Flimsy Rhode Island Sports Betting Challenge Thrown Out But Appeal Is Coming

Rhode Island Superior Court ruled sports betting in the state is constitutional and denied an injunction to stop it. Read More

Posted on: June 2, 2020 | | Matthew Waters

FanDuel Founders, Former Employees Sue In NY Court For Getting $0 In Sale

FanDuel co-founder Nigel Eccles says private equity investors collued to cheat FanDuel employees and give themselves a "massive payday." Read More

Posted on: February 25, 2020 | | Brad Allen

Strike Two For New York Daily Fantasy Sports: Court Rules 2016 Law Is Unconstitutional

The future of regulated daily fantasy sports is very much in jeopardy in New York. The NY Supreme Court on Thursday upheld a decision from Acting Justice Gerald W. Connolly, who previously ruled DFS is unconstitutional in the state. In his 2018 decision, Connolly held that the state unlawfully expanded gambling in 2016 by classifying […] Read More

Posted on: February 6, 2020 | | Eric Ramsey

What Is SBTech Trying To Hide About Its Oregon Sports Betting Contract?

Citing trade secrets, SBTech is taking multiple parties to court to prevent the public from seeing its sports betting contract with the Oregon Lottery. Read More

Posted on: January 22, 2020 | | Eric Ramsey

The DOJ’s Wire Act Case Looks Flimsy In Latest Filing

The Department of Justice is continuing in its pursuit to expand the Wire Act beyond sports betting in a federal court case. Read More

Posted on: December 27, 2019 | | Andrew J. Silver

Another Bump In The Rhode Island: How A Sports Betting Lawsuit Could Derail Progress

Rhode Island has been slow to hit its stride with legal sports betting, despite its head start. The state which saw a $22.2 million handle in September has not seen that translate into significant revenue via the 51 percent tax that was imposed. While the small state may still eliminate potential hurdles to profit maximization […] Read More

Posted on: December 24, 2019 | | John Holden

West Virginia Casino Operator Suing Over Sports Betting Debacle

Casino operator Delaware North is suing the company that was providing its sports betting platform in West Virginia, after it was forced to shut down all wagering last month. Read More

Posted on: April 19, 2019 | | Dustin Gouker

Sports Betting Legislative Lasso: Movement In The Middle Of The Country

This week's tour of sports betting legislation stays in the central US, where bills were up for discussion from North Dakota all the way down through the Midwest and into the South. Read More

Posted on: February 25, 2019 | | Eric Ramsey