Virginia has become the first US state to pass a law officially allowing fantasy sports betting sites to operate within its borders. Debate has been rife throughout the country on the legality of the industry, with some lawmakers deeming the operations of DraftKings, FanDuel and others to be gambling. However, the firms insist they instead […]
Officials from both FanDuel and DraftKings will attend a meeting in Nevada next week as the state considers whether or not to legalise fantasy sports betting. All operators were forced to exit the state following a notice published in October 2015 stating that fantasy sports betting was to become illegal. Nigel Eccles, the CEO of […]
DraftKings has argued that daily fantasy sports are no more games of chance than dog shows or spelling bees after filing an appeal against the New York court which ruled that such contests should not be allowed in the state. Having been popular in New York for the best part of ten years, fantasy sports […]
Fantasy sports betting giant DraftKings has raised $70 million in its latest round of funding, according to reports in the Boston Globe by two unnamed insiders. The cash injection will be added to the $500 million invested in the company in two previous rounds last summer, which valued the company at around $2 billion. DraftKings […]
DraftKings, the tremendously successful US fantasy sports betting service, has launched in the UK after receiving an operating license from the UK Gambling Commission last year. The site, which already offers daily contests for NBA, NHL, MLS and golf will now allow players to compete for prizes based on the performances of stars in European […]
