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