iGaming Business – US horserace betting site BetAmerica has launched Fanex Sports, a real-money fantasy sports betting site where players can bet on their fantasy teams and win financial gains in return. Sports on offer include NFL Football, Major League Baseball and NBA Basketball, with PGA Golf and horse racing to be launched soon. The major media broadcasters such as Yahoo, ESPN or CBS all offer their particular versions of the product and online fantasy leagues and sports betting represent big business in the US. BetAmerica is hoping to tap into a market that generated US$470m in revenues in 2012…

Pokerati – Sports fans are wagering thousands of dollars on the performance of professional athletes each day online, and it is all perfectly legal. Known as daily fantasy sports, the games are part of an exemption to federal law banning online gambling. In daily fantasy sports, winners aren’t determined by the outcome of a single game or the performance of a single player. Most fantasy competitions — football or baseball — last a season, but more and more players are looking for their daily fantasy fix. Critics argue that turning fantasy sports into a daily competition edges it closer to…