Fantasy sports company DraftKings has announced a three-way deal that will see the company become publicly listed next year and absorb gaming technology firm SBTech. The deal also leaves the Kambi Group, with which DraftKings had renewed its technology partnership in August, out in the cold.
Daily fantasy sports platform, DraftKings, said it will begin offering DFS contests to Australian consumers from Q2. “Within the last few years, Australia’s burgeoning fantasy sports market has dramatically evolved, adding a variety of daily fantasy sports platforms, feeding the appetite of the many passionate sports fans who love getting closer to the teams, athletes […]
Fantasy sports operator Draftkings is reportedly hoping to get a foothold into the sports betting space, according to a report from Associated Press. The U.S. Supreme Court is expected to make a decision that would open up sports betting on a state-by-state basis by June this year. Jason Robins, CEO of Boston-based DraftKings said the […]
The two biggest daily fantasy sports companies are close to joining forces under the leadership of DraftKings co-founder Jason Robins, Bloomberg reported, citing unnamed sources. Nigel Eccles, FanDuel’s co-founder, will be chairman of the board. Speculation the two companies are planning an imminent merger has been growing in the market, though there had been a […]
Testing laboratory NMi announced that they have partnered with DraftKings, a skills-based Daily Fantasy Sports (DFS) platform, to carry out their compliance testing in the UK. NMi will be testing and certifying the full range of DraftKings fantasy sports contests on desktop and mobile platforms to ensure compliance with the UKGC technical standards. Julian […]
Get Out AHEAD, a casino, horse racing and fantasy sports technology provider today announced the launch of its first product – Fantasy Sports Hedging Xchange. Directly targeting the rapidly growing fantasy sports industry, Get Out AHEAD’s proprietary software can integrate with popular fantasy sports platforms, such as DraftKings and FanDuel, creating a closed virtual marketplace […]
DraftKings has confirmed that it will retain the services of global risk and compliance advisor Exiger. New York based Exiger is set to conduct a review of all aspects of DraftKings financial, operational, compliance, and risk controls practices, with the aim of securing and improving the operators consumer safety policies and initiatives. Its continued partnership […]
A New York judge has declined to issue an order for DraftKings and FanDuel to obtain a restraining order to temporarily block the state attorney general’s bid to shut them down. The case began with cease and desist letters sent by Attorney General Eric Schneiderman last week, warning DraftKings and FanDuel they should stop conducting […]
New York’s attorney general has told the daily fantasy sports companies DraftKings and FanDuel to stop taking players in New York on the grounds that their operations amount to illegal gambling, the Associated Press reports. In a pair of letters sent to the companies, Attorney General Eric Schneiderman said their contests are promoted like a […]
DraftKings Inc., the troubled daily fantasy sports platform, has teamed up with sports data provider Opta to supply all its live soccer performance statistics. DraftKings has engaged Opta to enhance the customer experience of its soccer product in anticipation of upcoming expansion into new markets. One of the main features that has changed is the […]
The amount wagered at Nevada sports books has risen by nearly 15 percent compared with 2014, according to a new analysis by the American Gaming Association. Since the two biggest daily fantasy sports companies were founded – FanDuel in 2009 and DraftKings in 2012 – the amount of money wagered at Nevada sports books has […]
The NCAA has told daily fantasy operators DraftKings and FanDuel they are barred from advertising during championship events, including television broadcasts, according to a letter obtained by television channel ESPN. The letter, addressed to DraftKings CEO Jason Robins and FanDuel executives Christian Genetski and Matt King and dated October 20, asks the daily fantasy companies […]
Embattled US fantasy sports operator DraftKings has retained the services of former Massachusetts Attorney General Martha Coakley as an advisor to its ongoing probe by federal investigators and further regulatory matters. Legal expert Coakley has experience in the technicalities of US gambling and betting legalities having passed Massachusetts gambling provisions in 2011. DraftKings confirmed the […]
Nevada lawmakers ruled that daily fantasy sports operators would require a gaming license to operate their services in accordance with state regulations. The decision was approved by AG Burnett Chairman of the Nevada Gaming Control Board, who ordered all DFS operators to stop activity within the state’s borders and begin to apply for gaming licenses. […]
The US Department of Justice has asked the FBI to form a preliminary investigation into US daily fantasy sports operators, the Wall Street Journal reported. The investigation will focus on US market leaders FanDuel and DraftKings. The Department of Justice is seeking whether DFS can be defined as a form of sports betting, outlawed by […]
US sports network ESPN has lifted its temporary suspension of DraftKings advertising throughout its channels as all major US sports networks continue to promote fantasy sports services. This weekend the sports network resumed advertising coverage of DraftKings services, despite the operator’s ongoing employee data conflict allegations. ESPN a key partner for DraftKings, had publicly announced […]
Following allegations of misuse of game data by employees, US sports network ESPN has pulled sponsorship slots promoting the DraftKings brand from its channels. The decision by ESPN to suspend DraftKings advertising is a temporary break to its agreed $250 million ad-spend partnership which was announced in August ahead of the start of the 2015/16 […]
New York’s attorney general has started investigating the fantasy sports companies DraftKings and FanDuel after reports that an employee may have used inside information to win $350,000 in a football contest, the Guardian reported. Eric Schneiderman sent letters to the two big players in fantasy sports, saying that the allegations raised legal questions about the […]
In the wake of DraftKings’ recent UK launch, could the daily fantasy sports (DFS) giant be sizing up Australia as one its next overseas target markets? If so, what challenges and opposition awaits? Australia has a lot of appeal. Admittedly, it isn’t a huge market, however it is renowned for being a sports-mad nation, while season-long fantasy sports competitions have been played for almost a quarter of a century.
Real-money daily fantasy sports (DFS) have the potential be successful throughout Asia. However, the predominant U.S.-focused form of the game is unlikely to gain traction in the region and other formats will be needed to appeal to an Asian audience.