Tag Archives: FantasySports

Are Daily Fantasy Sports Considered ‘Gambling’?

Daily fantasy sports is under fire. Two of the industry’s leading websites, FanDuel and DraftKings, are under the microscope for fraud similar to insider trading, and Colson Hick Eidson has even filed lawsuits against these companies, but a new problem could hurt the daily fantasy sports industry far more than any lawsuit… Are Daily Fantasy Sports Considered ‘Gambling’? The state of Nevada seems to believe that daily fantasy sports leagues are a type of gambling. The Nevada Gaming Control Board declared in October that sites like FanDuel and DraftKings constitute gambling sites and must be licensed to run in Nevada. Refusing to acknowledge such a distinction, at least eight daily fantasy sites have pulled out of the state, but Nevada isn’t the only place lashing out against these sites. Where Is Daily Fantasy Sports Banned? Arizona, Iowa, Louisiana, Montana and Washington have already banned for-money daily fantasy sports leagues, and…
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Class Action Suits Have Been Filed: Are DraftKings And FanDuel Rigged?

aily online fantasy sports websites are facing growing scrutiny and pressure as more and more allegations of unfair practices begin to surface. Class action suits have been filed in Illinois, Louisiana, Massachusetts, New York, and Florida, and they claim that DraftKings and FanDuel are trading secrets with one another. Are DraftKings And FanDuel Rigged? An investigation by The New York Times revealed that a DraftKings employee released confidential data right before winning $350,000 on the FanDuel website. Many are now accusing this employee and many other employees from both sites of using the data they analyzed from their own workplaces to create winning fantasy teams on their competitor’s websites. The practice is being compared to insider trading, and it isn’t the only cheat both sites are being accused of. What Other Cheats Are They Using? The class action lawsuit that Colson Hick Eidson lawyer Patrick Montoya—alongside the Lagos & Priovolos…
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