Although gambling on professional sports is illegal in most states, one in five fans have placed a bet and 73 percent of those who did so said it made watching the games more interesting, according to the results of a national ...
US regulators announced Monday legal action to block the merger of fantasy sports websites DraftKings and FanDuel, which allow fans to create teams for virtual matchups in cyberspace.
A year ago, fantasy sports was rapidly building into a multi-billion dollar US business with huge global potential. Now it's fighting to survive amid objections that the industry is essentially unregulated gambling.
Two major fantasy sports operators said Thursday they would suspend contests involving teams and athletes from universities as part of an agreement with the governing body for college athletics.
Yahoo said Tuesday it was halting its fantasy sports contests in New York state, joining two other operators targeted by regulators who claim the service is effectively illegal gambling.
A New York appeals court on Friday suspended an order that would have forced two fantasy sports websites to suspend operations in the state, a lawyer said.
Yahoo has been issued a subpoena in a New York state investigation into daily fantasy sports games, sources close to the case said Thursday.
New York state investigators are looking into Yahoo's daily fantasy sports games to determine if they should be targeted for illegal gambling along with other operators, sources said Wednesday.
Fantasy sports websites DraftKings and FanDuel filed lawsuits on Friday seeking to avert a shutdown ordered by New York state officials, setting up a legal showdown.
Daily fantasy sports companies suffered another blow this week as authorities in Nevada deemed them gambling enterprises and ordered them to suspend operations in the state until they have proper licenses.