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 ...

Gambling or skill? Fantasy sports fight for legitimacy

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.

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.

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.

Yahoo snaps up e-commerce app startup

Yahoo on Wednesday said it bought e-commerce platform start-up Lexity, racking up its 20th acquisition since Marissa Mayer became chief last year.

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