Researchers find most fantasy sports are based on skill, not luck

If you've ever taken part in the armchair sport of fantasy football and found yourself at the top of your league's standings at the end of the season, a new MIT study suggests your performance—however far removed from any ...

Daily fantasy sports deemed gambling in Nevada

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.

NY fantasy sports probe extends to Yahoo

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.

Yahoo halts fantasy sports in New York state

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.

Fantasy sports company DraftKings raises $300 mn

DraftKings, a leading player in the booming fantasy sports business, announced Monday that it raised $300 million from a group of investors that includes Fox Sports and three major sports leagues.

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