Tag Archives: fantasy sports
- India high court finds fantasy sports a game of skill in landmark ruling
August 7, 2017
Because it requires a substantial degree of skill, judgment and discretion, the Punjab and Haryana High Court in India has ruled that playing fantasy sports cannot be considered gambling. The ruling, made by Justice Amit Rawal, was in response to Varun Gumber, a resident of Chandigarh state, The Times of...
- UK fantasy sports operators warned about betting licenses
July 17, 2017
UK fantasy sports league organizers have been warned not to conduct their operations in a manner that requires them to obtain a sports betting license. With a new football season just around the corner, the UK Gambling Commission is warning fantasy sports organizers not to get “caught out by gambling...
- PlayUp seeks $7.6M capital for fantasy sport start-up expansion
July 11, 2017
An Australian businessman wants to take his advertisement-paid version of daily fantasy sports (DFS) beyond the land down under. To make it possible, Business Insider Australia reported that Daniel Simic, the Sydney-based entrepreneur behind PlayUp, will need to raise AUD10 million ($7.62 million) as capital. Simic said DFS has caught...
- Fantasy sports players in North America near 60M
June 22, 2017
Despite regulatory woes in the U.S., the number of fantasy sports players in North America has grown 3.3 percent this year. Fantasy Sports Trade Association (FSTA) reported on Tuesday that the fantasy sports industry is thriving in North America, posting a record 59.3 million players this year compared to last...
- Ace2Three gets on fantasy sports train with Fan Fight investment
June 16, 2017
Indian rummy website Ace2Three is planning to invest INR10 million ($155,195.50) in real-money fantasy sports portal Fan Fight, which is launching soon. On Friday, GLaws.in reported that Head Infotech Pvt. Ltd. founder and CEO Deepak Gullapalli has paid INR2.5 million ($38,798.87) for 2,500,000 Series A preference shares in the Gurgaon-based...
- Fantasy sports bill moves forward in New Jersey, falters in Alabama
May 23, 2017
The battle for the legalization of daily fantasy sports (DFS) in the states of New Jersey and Alabama within the past week has been a mixed bag. In New Jersey, a majority of Assembly members has voted in favor of a bill to regulate DFS and impose a quarterly fee...
Why the DraftKings & FanDuel merger may not go ahead
March 24, 2017
Maine legalizes daily fantasy sports
August 3, 2017
New Jersey formally approves daily fantasy sports
August 25, 2017
New Jersey sells bonds to fund AC casino tax appeals
September 22, 2017