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Closing Bell

Massachusetts AG Unveils Proposed Daily Fantasy Regulations

Massachusetts Attorney General Maura Healey today unveiled a "slew of proposed regulations that would alter the daily fantasy sports industry" in the state, including requiring companies like FanDuel and DraftKings to create “'tiered' contests that would separate casual players from the professionals." The regulations also include banning DFS contests for college sports, "setting an age minimum at 21" and banning pro athletes. Healey called the regulations an "interim measure" as her office continues its investigation into DFS (BOSTONHERALD.com, 11/19).

Meanwhile, FanDuel today announced its new four-person internal advisory board, which will be chaired by former U.S. Attorney Michael Garcia. The newly added members are former U.S. Secretary of Homeland Security Tom Ridge, former Mavericks President & CEO Terdema Ussery and former MLB Exec VP/Business Tim Brosnan (FanDuel).

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