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Missouri Lawmakers Set Regulations For DFS Operations Including A Tax Structure

Published in SportsBusiness Daily on 07 / 28 / 16

Missouri regulators yesterday "signed off on a set of emergency rules laying out how the newly legalized fantasy gambling market will work in the state," according to Kurt Erickson of the ST. LOUIS POST-DISPATCH. The approved provisions include a "prohibition on betting on college, high school or yo...

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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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California Passes Bill Regulating DFS Industry

California yesterday "became the first state to pass a bill regulating daily fantasy sports through a committee hearing," handing the industry "an important, preliminary victory in its fight to stay afloat in the crucial state," according to Ryan Kartje of the ORANGE COUNTY REGISTER. The Califo ...

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FanDuel Establishes Foothold In Orlando

Ever since FanDuel hired about 40 new Florida employees in May, the N.Y.-based company has "nearly doubled its Orlando workforce" and has "gone all-in" on the city, according to Marco Santana of the ORLANDO SENTINEL. Meanwhile, the company "remains hopeful Florida lawmakers can pass a bill to establ ...

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New York AG Wants DFS Sites To Give Money Back

New York State Attorney General Eric Schneiderman wants FanDuel and DraftKings to "give back the hundreds of millions they have made in the state and pay a stiff penalty for running what he argues are illegal gambling operations," according to Joe Drape of the N.Y. TIMES. In amending a lawsuit on Th ...

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DFS Sites Able To Operate In Illinois

Daily fantasy sports sites will "be able to operate in Illinois while the courts decide on DraftKings’ lawsuit challenging Attorney General Lisa Madigan’s finding" that DFS are illegal gambling operations, according to Andy Grimm of the CHICAGO SUN-TIMES. The AG’s office and l ...

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Illinois AG Rules DFS Illegal

DraftKings and FanDuel on Christmas Eve filed lawsuits in Illinois “asking a judge to declare their games to be legal, a day after the state's attorney general outlawed them as gambling,” according to Suzanne Barlyn of REUTERS. This came after last week’s opinion by AG Lisa Madiga ...

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