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New York Passes Bill to Legalize Daily Fantasy Sports

In the final hours of the legislative session early Saturday, the New York Senate passed a bill declaring that daily fantasy sports do not constitute gambling under state law. Gov. Andrew Cuomo is expected to sign it. "New York fantasy...Show More Summary

Goodell’s assemblyman cousin calls daily fantasy “clearly gambling

NFL Commissioner Roger Goodell has said that fantasy football isn’t about wagering, and that daily fantasy isn’t really gambling because it’s not about the outcome of games. The second-most prominent member of the Goodell family thinks differently. Andy Goodell, Roger’s cousin, is a New York State assemblyman. The New York legislature is currently debating the

Brussels briefing: the measure of migration

Welcome to Monday’s edition of our daily Brussels Briefing. To receive it every morning in your email in-box, sign up here. By Aleksandra Wisniewska In March, Europe’s leaders gambled their political futures, diplomatic credibility and...Show More Summary

3 Rules for the Perfect Nap

Coffee to combat your daily slump and fatigue? No more... the "2016" caffeine shot at work is... sleep! A number of high profile companies such as Google, Zappos, Cisco and Proctor & Gamble have started to offer their employees an alternative...Show More Summary

Congress to take closer look at daily fantasy

The daily fantasy industry has assumed a much lower profile in recent months, even as the assault against the non-gambling gambling activity has continued in various states throughout America. On Wednesday, the federal government will take a closer look at a business model spawned by federal legislation from 2006 that made online wagering illegal —…

Leave Daily Fantasy Sports Regulation To The States

Leave it to the states. That is the conclusion of theCompetitive Enterprise Institute(CEI), which has released a new report regarding online gambling with a focus on daily fantasy sports. The reportis releasedin advance of a scheduled hearing before theU.S. House of Representatives Committee on Energy and Commerce on the issues [...]

FlowPlay launches All Star Daily Fantasy as alternative to social sports gambling

Daily fantasy sports have created a lot of controversy. Since the winnings come in real money, some states are calling it illegal gambling. But FlowPlay is offering an alternative with the launch of its new social sports game, All Star Daily Fantasy. The title offers the gameplay of betting on daily fantasy sports games, but it […]

A ton of Americans are making a 'dangerous retirement gamble'

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Many Americans are making a 'dangerous retirement gamble' (Gary D. Halbert's Between the Lines) " More and more...Show More Summary

DraftKings and FanDuel suspend play in New York, but are daily fantasy sports actually gambling? The truth behind DFS

Leading daily fantasy sports (DFS) operators DraftKings and FanDuel Monday reached a deal with New York Attorney General Eric Schneiderman to "stop taking bets in New York State." The agreement represents a major victory for Schneiderman who's been trying to oust both sites from New York since October of last year. Show More Summary

FanDuel and DraftKings shut down games in New York

NEW YORK (Reuters) - Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months long fight with the state's attorney general over whether the games are illegal gambling....Show More Summary

Daily fantasy sports bill signed into law in Virginia - CNET

Law regulates how sites like DraftKings and FanDuel can operate legally in the state, distinguishing them from gambling sites.

Daily fantasy sports outlook: No profits, lots of uncertainty, and dying unicorns

The daily fantasy sports market rose dramatically in the past few years with the rise of DraftKings and FanDuel. But in 2015, regulators closed in, with some declaring the betting on sports outcomes amounted to illegal gambling, rather than legal skill-based wagering as the companies alleged. A total of 29 states are considering legislation related […]

As California considers licensing fantasy sports websites, experts warn of a major problem: gambling addiction

As lawmakers consider licensing daily fantasy sports websites in California, compulsive bettors and those who treat them are warning that a new generation of problem gamblers is being created in the state. Up to 1 million Californians already have a gambling problem, and existing treatment and...

A California man used investor money to pay off his gambling debts

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Unregistered broker used client money to pay gambling debts (Financial Advisor) Gregory Ruehle, an unregistered...Show More Summary

Payment Processor Cutting Ties With DraftKings, FanDuel Amid Gambling Disputes

With the state officials in Nevada, New York, Illinois, and now Texas all saying they believe that daily fantasy sports [DFS] sites DraftKings and FanDuel are unlicensed gambling operations, a company that had processed payments for both of these sites has reported severed ties with the industry. The New York Times reports that payment processor Vantiv has …

Hawaii Might Say 'Aloha' to Daily Fantasy Sports

The state is the latest to find that the games are illegal gambling—a string of rulings that threaten the industry’s existence.

Hawaii’s attorney general has issued an opinion that says daily fantasy is illegal gambling under st

6 months agoSports : Deadspin

Hawaii’s attorney general has issued an opinion that says daily fantasy is illegal gambling under state law, becoming the umpteenth state attorney general to do so. [Honolulu Star-Advertiser] Read more...

Texas Attorney General Declares Daily Fantasy Illegal Gambling, And The End Is Nigh

6 months agoSports : Deadspin

Texas Attorney General Ken Paxton issued an opinion today that daily fantasy sports constitutes illegal gambling under Texas law. “It is prohibited gambling in Texas if you bet on the performance of a participant in a sporting event and the house takes a cut,” he said in a statement. Show More Summary

Now Texas Says DraftKings And FanDuel Are Gambling

Problems keep mounting for daily fantasy sports sites. The post Now Texas Says DraftKings And FanDuel Are Gambling appeared first on WIRED.

Texas Attorney General Deems Daily Fantasy Sports Illegal

6 months agoNews : NYTimes: News

With the opinion by Ken Paxton that daily fantasy sports constitute “prohibited gambling,” Texas became the latest state to decide FanDuel and DraftKings are running afoul of state law.

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