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Gambling Law & Society News (1416 articles)

US Based DraftKings Scores Sponsorship Deal with English Premier League Football Clubs

The state of daily fantasy sports in The United States is still a source of contention so the timing couldn’t be better for market leading DraftKings to further expand into the UK market by scoring sponsorship deals with English Premier L...

Gambling Law & Society News

US Payment Processor to Block DFS Transactions

America’s daily fantasy sports (DFS) industry took another hit this week as an online payment processor, Vantiv, announced the suspension of transactions related to DFS operators starting February 29, 2016. The payment processor revealed concerns regarding the handling of such transaction at the end of last year following the New York Attorney General’s final...

Gambling Law & Society News Sportsbook Banking

Hawaii Says No to DFS and New DFS Operator Obtains UK Licensing

The Daily Fantasy Sports industry is making little progress in the US while a new white label provider obtains licensing the UK Gambling Commission. While California and Florida are making progress, Hawaii’s Attorney General, Doug Chin, says that DFS gambling is illegal in the state. "Gambling generally occurs under Hawaii law when a person stakes or risks...

Gambling Law & Society News

NFL SUPER BOWL 50 to Generate Billions in Wagers

The American Gaming Association released its predictions on 2016 Super Bowl 50 betting revealed an expected $4.2 billion in wagers and yet it’s considered illegal across the US except for four states. This year will see the Denver Broncos and Carolina Panthers go head to head and according the stats nearly 100 percent of the $4.2 billion in bets will be made i...

Gambling Law & Society News

DraftKings to Roll Out Consumer Protection Changes

DraftKings sent its players an email on Friday announcing a series of consumer protection changes due to the pressure placed on the daily fantasy sports industry in The United States. The changes will be effective as of January 29, 2016 and will also include the banning of third party scripting tools with the use of "a new tool that makes it easier for players...

Gambling Law & Society News

Tennis: Match-fixing evidence uncovered

Files exposing evidence of suspected match-fixing within the ATP world tour have been leaked to the BBC and to BuzzFeed News. According to those files, 16 players that have been in the top 50 of the ATP have been suspected for ongoing match-fixing violations b...

Gambling Law & Society News

FantasyUp Ceases Operations and Unable to Pay Players

Daily fantasy sports operator FantasyUp has closed up shop following difficulties with paying its players. The company was established by Dan Ziernicki, who invested his $3.5 million win at FanDuel to create a competitor DFS site in 2014. Players received an email notification from FantasyUp stating: For the past few years, FantasyUp has been providing...

Gambling Law & Society News

Status of DFS in the US

Daily Fantasy Sports and the legality surrounding it continues to hold the attention of state lawmakers across the US. Maryland Maryland’s state financial Comptroller revealed that an investigation into the legality of DFS is intended following a report from the state’s Attorney General’s legal counsel regarding a 2012 law that allows traditional fantasy b...

Gambling Law & Society News

TAB Mishandles Private Self Exclusion List

The Australian and New Zealand gambling group Totalisator Agency Board (TAB) has gotten into some hot water in New Zealand following the discovery of private documents the details of excluded problem gamblers in a public trash can. According to the Stuff publication, a civilian found 33 pages of paperwork in a Hamilton public garbage can. The documentation inc...

Gambling Law & Society News

Police in Taiwan Bust Major Illegal Online Gambling Ring

Authorities in Taiwan have apprehended 45 individuals for their roles in the operation of an illegal online and mobile betting ring, which reportedly generated over $40 million in profit. According to reports, bets were accepted on a variety of things from local elections to sport...

Gambling Law & Society News

Sports and Online Poker Bills Up for Discussion in California

This month is a critical one for California as the legislature's Government Oversight Committee will discuss three bills pertaining to daily fantasy sports, online poker and sports betting is a hearing scheduled for January 6, 2016. Assembly committee chairman Adam Gray's bill, Internet Fantasy Sports Game Protection Act (AB1437), was presented back in Septem...

Gambling Law & Society News

DFS Saga Continues in Florida and New York

The daily fantasy sports saga continues in The United States as FanDuel and DraftKings go hard to convince Florida lawmakers to legalize DFS betting by increasing their lobbying and political donations program. Florida’s attorney general said that paying an entry fee to bet on fantasy sports leagues to win cash was illegal in 1991 but now Senate President And...

Gambling Law & Society News

Illinois DFS Lawsuit on the Fast-Track

DraftKings and FanDuel have each filed lawsuits against Illinois Attorney General Lisa Madigan following her determination that daily fantasy sports betting is illegal in the state. The basis of their argument is that DFS is based on skill and therefore not a violation of Illinois law. The companies hope to prevent her decision from banning them from offering...

Gambling Law & Society News

Legality of DFS Undecided in Ohio

The issue of Daily Fantasy Sports is still a hot topic of discussion heading into 2016. While the state has not yet deemed the pastime as illegal like fellow state New York and Illinois, lawmakers released an annual report noting that consideration will continue into the new year. The State House's Permanent Joint Committee on Gaming and Wagering recommended a...

Gambling Law & Society News

DFS Illegal in Illinois and Full Tilt Sponsors G2 E-Sports Team

Online daily fantasy sports continues to be a hot topic in the US and most recently, the Illinois Attorney General, Lisa Madigan, opined that it violates the state’s criminal code while over in the world of e-sports, Full Tilt sponsors G2 Esports’ Hearthstone: Heroes of Warcraft team. Madigan has reached out to both market dominating operators, DraftKings and...

Gambling Law & Society News

Short Selling Issues Addressed in Intertain and Betsson Statements

Intertain and Betsson released public statements addressing "misleading and self-serving" information from short sellers. Intertain commented on a December 17, 2015 report from Spruce Point Capital Management LLC saying that it had created a short position in Intertain's common shares before publishing the report and could see a significant profit if the stock...

Gambling Law & Society News

The State of the DFS Market in the States – Update

New York judge Manuel Mendez ordered that daily fantasy sports companies DraftKings and FanDuel cease operations in the state on Friday. Both companies immediately filed appeals, which resulted in the temporary lifting of Judge Mendez’s ruling until a decision is made on whether or not DFS is legal in the United States. The appeal, filed within hours of the...

Gambling Law & Society News

The State of the DFS Market in the States

A few developments in the American DFS market have taken place this week starting with the Massachusetts Gaming Commission’s informational forum held on Thursday with representatives from DraftKings and FanDuel in attendance to show support regulatory recommendations presented by Massachusetts Attorney General, Maura Healey. Zakary Cutler, director of product...

Gambling Law & Society News

New York DFS Hearing Leaves the Industry Hopeful

This is the week for gambling hearings in the US as the RAWA hearing was scheduled on December 9th and the New York Assembly committees for Racing and Wagering, Consumer Affairs and the Protection and Legislative Commission on Administrative Regulation met on Tuesday. The discussion covered daily fantasy sports and has reportedly been successful in terms of the s...

Gambling Law & Society News

Tote Ireland Partners with Colossus Bets

Tote Ireland has partnered with Colossus Bets in a deal that will see the latter’s jackpot sports betting pools become available on the Horse Racing Ireland subsidiary’s online and mobile platforms. Down the road, the contract leaves room for the introduction of Colossus Bets’ patented partial cash-out technology via the Tote Ireland platform. Tim Higgins,...

Gambling Law & Society News

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