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NCAA Issues Final Warning To North Carolina Over HB2 Ahead Of Site Selection Meetings

Published in SportsBusiness Daily on 03 / 24 / 17

In its "most direct statement yet," the NCAA on Thursday warned the state of North Carolina to "repeal House Bill 2 soon or lose championship events" through '22, according to a front-page piece by Morrill & Campbell of the CHARLOTTE OBSERVER. The statement read, "As the state knows, next week o...

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DraftKings' Latest Funding Round Takes A Hit

DraftKings recently raised about $70M from investors, a "sharp drop from the company’s previous investment rounds as it fights regulatory battles across the country," according to sources cited by Curt Woodward of the BOSTON GLOBE. A source said that investors "did not assign a fixed valuation ...

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Citi Blocks Card Use For DFS In New York

The daily fantasy sports industry was "dealt a new blow Friday when Citigroup said it would begin blocking New Yorkers’ debit and credit card payments" on FanDuel and DraftKings, according to Bogdanich, Glanz & Williams of the N.Y. TIMES. Citi in a statement said that it would "block the p ...

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Vantiv To Stop Working With DFS Companies

Vantiv Entertainment Solutions, a payment processing company that handles a "significant number of transactions" for DraftKings and FanDuel, notified the operators last week that it "would no longer handle their payments and in fact was leaving the industry altogether," according to Joe Drape of the ...

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Hawaii AG Latest To Declare DFS Illegal Gambling

Hawaii Attorney General Doug Chin yesterday issued a formal opinion that daily fantasy sports contests "constitute illegal gambling under state law," according to Craig Gima of the HONOLULU STAR-ADVERTISER. Chin in a release said, "Gambling generally occurs under Hawaii law when a person stakes or r ...

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FSTA Ads Denounce Calif. Assemblyman

The Fantasy Sports Trade Association has "launched an advertising campaign targeting" California Assemblyman Marc Levine, who labeled daily fantasy sports as "illegal gambling and voted against authorizing it in law," according to Jeremy White of the SACRAMENTO BEE. Levine has argued DFS i ...

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Pope Francis, Vatican To Launch Sports Conference

Pope Francis will "make sports a focus of his papacy’s third global initiative on education, following his efforts to highlight income disparity and climate change," according to John Ourand in this week's SPORTSBUSINESS JOURNAL. The Vatican is "launching a multifaith sports conference in Octo ...

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Cuban Responds To Texas AG On DFS

Texas Attorney General Ken Paxton's opinion that wagering on DFS could be considered illegal gambling "cast a cloud" over the Fantasy Sports Trade Association convention yesterday, as "hundreds of people gathered at the Omni Dallas Hotel to discuss legal challenges across the country tha ...

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Texas AG Deems DFS Illegal In State

Texas Attorney General Ken Paxton yesterday issued an opinion that daily fantasy sports contests "violate Texas laws against gambling," according to a front-page piece by Chuck Lindell of the AUSTIN AMERICAN-STATESMAN. Paxton added that DFS operators also "violate gambling laws by keeping a portion ...

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DFS Sites Receive Stay Of Injunction In New York

DraftKings and FanDuel yesterday received a permanent stay of the injunction against them from New York Attorney General Eric Schneiderman. The decision by a panel of judges from the Appellate Division of the New York Supreme Court allows the daily fantasy sports companies to continue operating in t ...

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