Tag Archives: DFS

Should DraftKings and FanDuel Pay Consumers Back For Illegal Gambling?

After agreeing to stop operations in New York, daily fantasy sports site FanDuel finds itself preparing to exit another of its big markets, Texas. When the Texas AG Ken Paxton declared daily fantasy sports illegal gambling, his office took steps to protect the citizens of his state. These steps have included lawsuits, demands on the companies, and threats to force DFS companies to pay consumers back, but will these remedies happen? Should DraftKings And FanDuel Pay Consumers Back In New York, the attorney general threatened DraftKings and FanDuel with lawsuits and the possibility of having to pay back the losses of around 600,000 New Yorkers. These threats motivated the companies into action, and when DraftKings and FanDuel worked out a deal to cooperate with the New York AG’s office, the threat of repayment faded away, but that threat still looms in other states. In Oregon, a class action lawsuit—which includes…
Read More »

Posted in Class Action | Tagged | Leave a comment

Daily Fantasy Sports Legalized In Indiana? Does That Mean It Should Be Legal In Other States?

Daily fantasy sports continues to stew in a pot of controversy, but progress is being made as lawmakers sort through the legal details of the highly popular online activity. States like Virginia and Indiana have just signed DFS bills into law, but the differences in these laws could leave the fate of DFS uncertain. Daily Fantasy Sports Legalized In Indiana and Virginia On the surface, new laws created by Indiana and Virginia look similar. Both laws set a minimum age limit of 18, both laws institute a $50,000 registration fee for DFS companies, but the difference in these bills won’t help other states figure out how they are going to treat the gaming sensation. What Do These DFS Bills Mean? In Virginia, DFS will be regulated by the Department of Agriculture and Consumer Services because the bill says that DFS is a skill-based hobby. However, Indiana seems to be calling…
Read More »

Posted in Multidistrict Litigation | Tagged | Leave a comment

Are Football Players Suing FanDuel And DraftKings?

Daily fantasy sports are on the defense as scores of consumers and lawmakers begin to question the legality of these for-pay websites. First, Las Vegas declared playing DFS gambling. Then, allegations of insider trading were levied against FanDuel and DraftKings. Now, the very athletes being betted on are questioning the legality of DFS. Are Football Players Suing FanDuel And DraftKings? In October, NFL wide receiver Pierre Garçon sued DraftKings and FanDuel on behalf of several NFL players over the fair use of these player’s names. These players feel that their names are being used without their permission in order to generate money for these two DFS websites, and they are not alone. Players from Northern Illinois University are also suing FanDuel and DraftKings for using their names and likenesses. They are claiming $5 million in damages. Considering that college players can’t use their athletic performances to earn money while they…
Read More »

Posted in Class Action | Tagged | Leave a comment

Will Florida’s Gaming Committee Solve Daily Fantasy Sports Problems?

Texas may join the growing number of states declaring Daily Fantasy Sports (DFS) gambling as Attorney General Ken Paxton declares his belief that websites like FanDuel and DraftKings enable people to illegally gamble. Perhaps this news shouldn’t be surprising considering that even Nevada has declared that DFS sites are gambling websites, so should Florida treat them that way too? Will Florida’s Gaming Committee Solve Daily Fantasy Sports Problems? A new bill intended to regulate how DFS works in the state of Florida has just passed voting in the Business & Professions Subcommittee—the body that governs gambling in our state—and must now pass scrutiny in the House Regulatory Affairs Committee. HB 707 would enforce civil penalties, create a system for annual audits, set up age restrictions, and make it illegal for DFS employees or their relatives to participate in playing for cash prizes. The bill passed with a 10-3 majority in…
Read More »

Posted in Class Action | Tagged | Leave a comment

New York Bans Daily Fantasy Sports: Will Florida Follow?

FanDuel and DraftKings owns 96 percent of the daily fantasy sports market share, so anything that affects these two giant companies also affects the entire online gaming world. So when New York effectively banned the companies from operating within the state, tremors could be felt all over the U.S. New York Bans Daily Fantasy Sports On Friday December 11th, New York State Judge Manuel Mendez ruled that DraftKings and FanDuel could no longer accept bets in the state of New York. The ruling was a major victory for New York Attorney General Eric Schneiderman who has taken the two companies to court over illegal gaming. However, the companies were able to secure an emergency stay so they could keep operating while their legal case against the state continues. Judge Mendez believes that Attorney General Schneiderman is standing on the right side of this argument. He wrote: “The protection of the…
Read More »

Posted in Class Action | Tagged | Leave a comment