Fanduel

The state of New York has banned DraftKings and FanDuel, two fantasy sports betting sites. New York Attorney General Eric Schneiderman said the sites accept money from clients who illegally bet on sporting event outcomes. The list of companies with ownership stakes in DraftKings and FanDuel are...

The state of Nevada has ruled that daily fantasy sports is gambling and is therefore illegal to operate in the state without a license. The ruling is the first major post-scandal regulatory blow for FanDuel and DraftKings. With several investigations ongoing, the full extent of the regulatory...

Despite the recent scandal, leading daily fantasy sports sites reported a season-best NFL weekend this weekend. The negative coverage surrounding the scandal may actually have served as a positive for the business by raising public awareness. The biggest threats to the DFS business many...

New York Attorney General Eric Schneiderman has opened a probe of daily fantasy sports sites DraftKings and FanDuel. In response, sponsors – including MLB and ESPN – have begun to distance themselves from the two sites. It’s too early in the investigation process to predict what...

The scandal involving FanDuel and DraftKings employees with access to company data playing for money on rival sites has prompted a joint statement by the two companies. For now, the companies are banning employees from playing on rival sites. The scandal could soon lead to increased...

Fantasy sports has become a billion-dollar industry as players create fictional teams using their favorite players. Every sport from golf to football has a fantasy league in which players spend money to join tournaments and compete against fellow enthusiasts. As fantasy gaming picks up speed,...

With the NFL season kicking off this month and the MLB season winding down, September is a big month for fantasy sports. But while fantasy sports is all fun and games, Morgan Stanley analyst Brian Nowak believes Yahoo! Inc. (NASDAQ: YHOO)’s entry into the daily fantasy sports market could...

Fantasy sports groups may seem like a little more than a silly pastime for fraternity brothers, but the reality is that the growing popularity of sites that facilitate such games has become a booming business. The fantasy sporting arena offers companies a new way to advertise, as well as creating a...