Fantasy sports in the news
DraftKings and FanDuel: Fantasy cronyism is now reality
What’s ironic is that, once upon a time, DraftKings and FanDuel faced the same political attacks they are now waging on their competitors. They received them from competing gambling interests that did not want them in the marketplace. Fortunately, the free market prevailed, and DraftKings and FanDuel began growing and prospering after state legislatures rejected these undue attacks.
03/18/2024
Taking a Chance: Market Dominators Game the System
The distinction in the law between games of skill and games of chance, referred to here as “gaming” and “gambling” is well settled. The latter, gambling, is restricted and heavily regulated, and the former, gaming, is more widely accepted. But why?
03/04/2024
Gambling Industry Wants to Make Fantasy Sports Leagues Illegal
The online gambling industry in this country spent years and years fighting the powerful Las Vegas casinos to make online sports betting legal in the states… But now the kings of the hill in the online sports betting world are using the same flawed logic to argue that popular sports fantasy league wagering should be illegal.
01/30/2024
The Game of Fair Play: More Competition in Sports Gaming Please
So why would FanDuel and DraftKings, self-styled disruptors who helped modernize gaming laws, suddenly crusade against innovation? The motive is transparent: money and power. As a legal duopoly on sports betting, they have every incentive to smother rivals and dominate the market
01/24/2024
OPINION: In fantasy sports the players on the field aren’t the only skilled players
Fantasy sports is an industry that’s growing like almost no other. It’s estimated to be a $28 billion market in 2023 and set to grow to more than $50 billion by 2028. Nearly 20% of Americans age 18+ participate in fantasy sports. 20%!
12/04/2023
OPINION: The North Carolina Lottery Commission just can’t pick ‘em
Nearly two decades ago Congress passed the Unlawful Internet Gambling Enforcement Act to regulate online gambling. The Act made clear that fantasy sports meeting certain requirements, games of skill, and legal intrastate and intertribal gaming were all excluded.
11/02/2023
PRESS RELEASE: Popular Fantasy Sports Games Limited in Michigan Despite Public Objections
"LANSING, MI – The Joint Committee on Administrative Rules (JCAR) has accepted new rules proposed by the Michigan Gaming Control Board (MGCB) which could limit certain types of fantasy sports games that are popular in Michigan."
10/04/2023
The Newcomers That Want To Upend Sports Betting’s Duopoly
Following a vigorous marketing push for customers, much of that wagering activity broke along existing market dynamics, confirming the industry duopoly of FanDuel and DraftKings that currently controls more than 70% of the domestic online sports wagering market.
09/16/2023
The One Essential Legal Principle DFS Critics Are Overlooking
“Reporting on this topic to date has been incomplete and inaccurate, with articles on the legality of daily fantasy sports omitting major legal developments and making assertions that are not supported by the current state of the law.” — The Action Network
08/24/2023
Will Priester: From Salary Cap to Pick'em - The Evolution of DFS
“As FanDuel and DraftKings have invested more into sportsbooks, PrizePicks and Underdog have been able to give the players the best alternative: a time-saving way to play DFS.” — RotoGrinders
08/21/2023
Cathie Wood's Ark Invest Sees Slim Odds ESPN Bet 'Can Break The DraftKings-FanDuel Duopoly' In Sports Betting
While no company has been able to penetrate the DraftKings-FanDuel duopoly, could ESPN Bet be the first?
08/15/2023
What You Need to Know About the History of Daily Fantasy Sports
“Many have offered their own legal commentary on this topic, but those who wear black robes in places like New York and Illinois firmly concluded daily fantasy sports are games of “skill” in the eyes of the law, and therefore, do not constitute forms of gambling in the United States.” — The Action Network
07/27/2023
PRESS RELEASE: North Carolina Passes H.B. 347, Joins Growing List of States Protecting Fantasy Sports Players Nationwide
"CHARLOTTE, NC – Today North Carolina Governor Roy Cooper signed H.B. 347 into law, protecting players' access to fantasy sports across the Tar Heel state."
06/14/2023
St. Bonaventure/Siena Research survey reveals 70% of Americans are sports fans, 21% avid
"Seventy percent of Americans say they are sports fans, according to a new national survey of more than 3,200 United States residents" — St. Bonaventure/Siena Research
02/03/2023
More than 50 Million Users in the US Alone
"The demand for fantasy sports contests remains at an all-time high in the US" — Arizton
01/10/2023
Fantasy sports betting is legal, court says, clearing the way
"Lawmakers said fantasy sports are games of skill rather than chance, and the courts on Tuesday agreed" — Times-Union
03/22/2022
Fantasy sports and beyond: Complementary digital experiences (CDXs) as innovations for enhancing fan experience
"The sports industry has eagerly embraced digital technologies that have the potential to create and nurture compelling fan experiences" — Journal of Business Research
09/2021