Tag: fantasy sports
California Online Poker & Massachusetts Fantasy Sports
There has been some significant movement in regard to online poker legislation in California, and not everyone is happy about it. Plus, Massachusetts has become the latest state to regulate fantasy sports. This week’s special offer is from bet365 Poker!
Fantasy Sports Legalized in Massachusetts
The future of daily fantasy sports (DFS) has been secured in Massachusetts after regulations were signed into law by the US state’s governor. The new rules include a minimum age of 21 for participants, bar games based on college or amateur sports and prohibit individual players from spending more than $1,000 each month without proof they could withstand deep financial losses. The regulations, which were put forward by Attorney General Maura Healey earlier this year, also require DFS operators to offer ‘beginner’ contests that highly experienced players would be prevented from entering. After signing a bill including the DFS provisions,…
Fantasy Sports Gets Green Light in New York
New York Gov. Andrew Cuomo signed legislation Wednesday formally legalizing daily fantasy sports in the Empire State and handing the embattled industry its biggest victory to date. Fantasy operators that were active in New York before Nov. 10, 2015 must receive a temporary permit from the New York Gaming Commission before reopening for business. The process isn’t expected to take long, and FanDuel and DraftKings, the two leading daily fantasy operators, expect to be up and running in New York before the NFL season kicks off in early September, if not sooner. “Daily fantasy sports have proven to be popular…
Fantasy Sports Shown the Door in Delaware
The first state to regulate online gambling has issued a resounding “No” when it comes to fantasy sports. Could Delaware’s move be a trend for other states to follow? Also, the popularity of Pokemon Go and it’s relationship to gambling. This week’s special offer is from bet365 Bingo!
Online Fantasy Sports Quashed in Delaware
Delaware’s attorney general has sent cease-and-desist letters to online fantasy sports betting operators, telling them that Delaware law does not allow them to charge players to play, or players to win monetary prizes. The Department of Justice formally notified DraftKings Inc., FanDuel Inc., and Yahoo! Inc. on Thursday that their respective fantasy sports activities are not allowed in Delaware without passage of authorizing legislation. DOJ had initially notified state regulators in March that such games were not permitted under Delaware law, and that state agencies shared the information with certain companies. More at Washington Post
DraftKings Merger with FanDuel Discussed
DraftKings CEO Jason Robins said that a possible merger between his company and FanDuel is a “very interesting idea” that could add value for shareholders and provide customers with a better service at a better cost. But he declined to rate the chances of it happening after recent reports of merger discussions between the two daily fantasy sports rivals. “I don’t really have much more insight into how likely or not likely that would be,” Robins told USA TODAY Sports Saturday. “I certainly haven’t changed my view on how interesting it is.” United as one or not, Robins still said he sees…