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Eric Schneiderman: DFS vs. Real Life Joy of Athletics

Big-time sports, in case anyone hasn’t noticed, have gone far beyond the sheer joy of athletics. International soccer is now mired in corruption. The Olympics is tainted by the latest doping scandal, this time in Russia. The US Supreme Court may decide if New Jersey can sponsor online sports betting. And the football team at the University of Missouri used the threat of a boycott – and lost revenue –
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DFS: Thanks To Rep. Frank Pallone, A New Threat Emerges

As the daily fantasy industry deals with various and assorted attacks on its business model, a new threat has emerged. And this one could pull the NFL directly into the middle of the burgeoning mess. Fresh off the press from TheHill.com, Rep. Frank Pallone (D-N.J.) has asked FanDuel and DraftKings to identify all  “players, coaches, referees, training personnel and team staff and owners” who have used either website within the last year. For
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Daily Fantasy Sports: Fans or Fantasy? The Death of True Fandom

This may just be me, but I am a huge New York Jets fan, crazy enough I am not from New York, it was not something “passed down” to me, yet when I was a kid, I told my parents I liked the team in green. Stuck with it ever since, can I say I am a die-hard fan, not necessarily, but fantasy is not that important to me. Basically
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DraftKings & FanDuel: It Was Only A Matter Of Time Before Nevada DFS Shutdown

You had to see this coming, you just had to. After the news broke last week about a DraftKings employee using "inside information" to win $350,000 at rival FanDuel, it seemed that the walls were going to start closing in on Daily Fantasy Sports. Well, it has, and in a big way. DraftKings and FanDuel have had the legality of their business model under reported scrutiny by the Federal Bureau
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Money: Another DFS Buy-In! Viggle, Sportech Buy Into DraftDay

Entertainment consumer rewards platform Viggle Inc. and a unit of a U.K.-based betting company have become part owners of a holding company for daily fantasy sports business DraftDay, alongside DraftDay’s former sole owner MGT Capital Investments Inc., the companies said Wednesday. MGT said it sold DraftDay for total consideration of about $5 million, including restricted Viggle stock, Viggle promissory notes and a continuing equity stake in the new holding entity
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Business: FanDuel Brings In $275 Million Of Capital, Raises Stakes Higher

New York-based fantasy sports operator Fanduel, Inc. on Tuesday said it has brought in $275 million after closing a round of financing, bringing the company’s total capital to $363 million. The company, which received investments from Google Capital and Time Warner in the oversubscribed round led by KKR, said it plans to use the financing to acquire new customers, introduce new products and build out its management team. Several NFL and NBA team owners also