After spending the last two months promising to make you rich, the chief executive of FanDuel admits his daily fantasy sports site may have gone a bit overboard.  “We definitely got creative burnout pretty darn quickly,” said Nigel Eccles in an wide-ranging interview with Bloomberg on Tuesday, in which he also touched on regulation, taking the company public, and the potential for a merger with competitor DraftKings. “People, when they saw the ad for the 87th time, they thought, I’m sick of this,” he said. The ad blitz was more than annoying. It was expensive — FanDuel has spent more than $100…

The dominoes keep tumbling for the Fantasy Sports industry, after a DraftKings employee used “inside information” to win over $300,000 in one week. Investigations have been initiated by the FBI and Federal Trade Commission, plus Nevada has issued a Cease and Desist for DFS operators in the state. Now, here’s the latest: The American Gaming Association Chimes in: On the topic of daily fantasy sports, the AGA Board of Directors also made clear that the industry seeks legal clarity and adequate consumer protections. Further, if daily fantasy sports is a legal activity, the casino gaming industry should have the opportunity…

In recent Daily Fantasy Sports news, Washington Redskins receiver Pieere Garcon has filed a class-action lawsuit against DFS operator FanDuel for profiting off his representation and name without giving permission. Garcon filed his lawsuit on Friday in a Maryland Federal Court and is seeking compensation. FanDuel is accused of repeatedly using Pieere Garcon’s name and representation to benefit themselves, or their operations with numerous TV advertisements and on its website. Garcon has argued the point that other NFL players and himself should receive some sort of compensation from FanDuel for the use of their name since the revenues for the company…

There are at least 1.3 billion reasons why the operators of DraftKings and FanDuel are beginning to sweat. The two largest daily fantasy sports companies were each valued at $1.3 billion this year by the investment community. Both companies, fueled by hedge funds, investment firms, billionaires, and professional sports leagues, were considering initial public offerings sometime in 2016. That path met a roadblock. The Gaming Control Board issued a “cease and desist” order two weeks ago to the daily fantasy sports sites, saying the activity was the definition of sports wagering under Nevada law. Until they are licensed by the…

The NCAA bans DraftKings and daily fantasy sports provider FanDuel from their events. In a letter sent Tuesday, college sports’ largest governing body notified executives from DraftKings and FanDuel it would cancel future meetings and ban advertising from the two popular websites during NCAA championship events such as the men’s basketball tournament. Because the NCAA believes the fantasy games meet the definition of wagering, it has decided to ban all advertising, on site and on television, during championship events – a potentially big hit for two companies that have become major advertisers, particularly on television. The NCAA said its advertising…

Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering. In an order filed by the Gaming Control Board Thursday, the agency said daily fantasy sports websites, such as DraftKings and FanDuel, can apply for a Nevada gaming license to operate a sports pool. The Control Board issued a “cease and desist” order that bans the websites from Nevada. “Since offering daily fantasy sports in Nevada is illegal without the proper license, all unlicensed activities must ceases and desist from the date of this notice,” wrote Gaming…