New requirements have now been set in the DFS industry as gaming regulators in the state of New York have requested that operators of daily fantasy sports in the state provide proof that player funds [….]
Top daily fantasy sports providers FanDuel and DraftKings are reportedly suffering from financial strain, being unable to pay vendors for months as well as having issues with cashflow. New York Times Joe Drape has reported [….]
In the state of New York, the summer months resulted in a law being enacted that legalized and regulated daily fantasy sports. Legislature of the state along with Governor Andrew Cuomo approved the legislation, a [….]
New York State was the first to take action on daily fantasy sports operators such as DraftKings and FanDuel, when the Attorney General of the state, Eric Schneiderman, decided to declare DFS as gambling and [….]
After coming under fire thanks to the New York Attorney General’s ruling that daily fantasy sports are illegal, two top DFS companies have the option to stay in operation just a little bit longer. On [….]
After filing complaints against FanDuel and DraftKings, ruling daily fantasy sports illegal within the state of New York, the Attorney General for the state has now amended his complaints to further damage the industry’s chances [….]
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