FanDuel is ending credit card deposits nationwide on March 2 across all betting products. The move follows DraftKings and growing state regulatory pressure against credit-funded wagering. NEW YORK – FanDuel announced Tuesday that it will stop accepting credit card deposits across all its platforms starting March … Read more
DraftKings was fined more than $450,000 by the Massachusetts Gaming Commission for accepting credit card deposits. DraftKings is required to refund all affected customer deposits, complete an independent compliance audit, and implement a corrective action plan to prevent similar violations. BOSTON – The Massachusetts Gaming … Read more
A new CFPB report reveals that credit card issuers often categorize sportsbook transactions as cash advances, leading to surprise fees of up to $10 per transaction and interest rates of 30% starting immediately. Bettors are urged to consider alternative payment methods, as the CFPB calls … Read more
DraftKings faced a fine in Ohio and questions in Massachusetts for unregulated sports betting actions. Countries outside the US are cracking down on illegal sportsbooks as they attempt to launch their own industries. CLEVELAND – This week’s legal sports betting brief highlights the growing pains … Read more