Daily Fantasy Sports (DFS): Is it gambling?

A Game of Skill or Gambling?

Some states, such as Nevada recently banned sites like fantasy sports website DraftKings after accusations surfaced of employees participating in the contests with insider information. Some believe the websites should be regulated like gambling websites.

Source: Daily fantasy sports: Is it gambling?

DraftKings, FanDuel May Have to Return Money to New York Players

Sports betting New York attorney general sues to get DraftKings, FanDuel to return money New York Attorney General Eric Schneiderman (pronounced SHNEYE’-dur-muhn) is turning up the heat on a pair of daily fantasy sports websites.
Officials confirm Schneiderman filed a lawsuit Thursday seeking that FanDuel and DraftKings give back all the money the sites made in New York state.… [Read more…]

Skill or Chance? Courts Divided on Fantasy

Skill or Chance fantasy sports

DALLAS – DEC 14: Cowboys Quarterback Tony Romo waits for the snap from the center.

Hours after a New York lower court ordered the continent’s two largest fantasy sports operators to shut down last Friday, an appeals court stayed the decision, allowing DraftKings and FanDuel to keep taking bets in their most lucrative market.

Neither the emergency appeal by DraftKings, which argued even a temporary shutdown would do “irreparable harm,” nor… [Read more…]

Are DraftKings, FanDuel Games of Skill or Chance?

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New York became the latest state to crack down on online sports fantasy sites DraftKings and FanDuel Tuesday when it declared the games illegal in New York. Fantasy sports played for money are already illegal in five states, but Tuesday’s decision may be the biggest yet because New York has the most daily fantasy players, according… [Read more…]

New York A.G. Inquiry into Fantasy Sports Industry

Las Vegas sportsbook contest NEW YORK — Amid reports that employees of two of the industry’s largest sites may have benefited financially from inside information, the attorney general for the state of New York Tuesday launched an inquiry into fantasy football, The New York Times reported. The attorney general has asked for internal data from DraftKings and FanDuel, two sites… [Read more…]