New York State Gaming Commission Chair Brian O’Dwyer calls out prediction markets, saying they are a “direct threat to the commission’s authority.” FanDuel and DraftKings have announced their intent to offer sports contracts in December. NEW YORK – Prediction markets are once again under the … Read more
PrizePicks will offer a new way to bet after receiving federal approval to enter prediction markets. ATLANTA – The daily fantasy sports operator PrizePicks was approved Monday as a futures commission merchant (FCM) by the Commodity Futures Trading Commission. In plain terms, that status allows … Read more
PrizePicks secured a gaming license in Puerto Rico – the first Daily Fantasy Sports Operator to do so. SAN JUAN – PrizePicks announced that its license to offer daily fantasy sports was granted in Puerto Rico on Thursday. Opening an untapped market as the first … Read more
Governor Newsom publicly rejected the attorney general’s view that daily fantasy sports are illegal under California law. The governor stated that the opinion has no legal effect and called for further debate in the legislature or courts. Industry leaders echoed Newsom’s stance, saying DFS remains … Read more
Underdog Fantasy and PrizePicks made their official returns to Florida on Monday with new Pick ‘Em style games. Both daily fantasy sports operators launched their new peer-to-peer platforms where players go against each other instead of the house. Florida regulators sent cease-and-desist letters to PrizePicks … Read more
PrizePicks, Underdog, and Betr will no longer accept Florida players after Thursday. The daily fantasy sports operators are ceasing Florida operations per the request of the Florida Gaming Control Commission. Ongoing fantasy sports legislature and clarification of fantasy sports law in Florida could result in … Read more
PrizePicks offers smaller payouts on parlays than standard legal sports betting sites. Six over/under player props at Bovada in a parlay offer +4170 odds and six props at PrizePicks offers only 25x your money. ATLANTA – PrizePicks offers lower payouts on player prop parlays than … Read more
North Carolina’s proposed sports betting rules may limit Pick ‘Em style daily fantasy sports (DFS) contests. There are currently no rules or regulations for DFS in the state, but the initial sports betting rules proposed Tuesday appear to target those styles of fantasy contests. January … Read more
Michigan will ban PrizePicks, Underdog, and other daily fantasy sports (DFS) operators that offer over/under props on individual player performance. The move comes one day after New York approved new DFS rules that ban the same Pick ‘Em style propositional bets. The DFS changes do … Read more
Three daily fantasy sports operators received cease-and-desist letters in Florida. The companies are accused of offering illegal bets and promoting an illegal lottery. Florida is cracking down on season-long fantasy contests in addition to the controversial prop-betting offered by the daily fantasy operators. TALLAHASSEE, Fla. … Read more
Michigan regulators proposed regulations to ban daily fantasy sports (DFS) contests that resemble sports betting. The regulations target DFS operators such as PrizePicks and Boom, who offer “proposition selection” on individual player performances. Underdog and other DFS operators argue they’re legal fantasy sports and not … Read more
A daily fantasy sports operator Underdog Fantasy released a statement following recent scrutiny from pick’em style games. Underdog Founder and Co-CEO Jeremy Levine said that “FanDuel and DraftKings are scared of competition” and blame them for Underdog falling under attack. Levine claims that Underdog abides … Read more
