DraftKings and FanDuel Agree to Merge Daily Fantasy Sports Operations
The merger must be approved by regulators. Their values fell in the past year as attorneys general questioned their legality.
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The merger must be approved by regulators. Their values fell in the past year as attorneys general questioned their legality.
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An investigation by the state attorney general’s office found that the companies, which plan to merge, had employed false and deceptive advertising practices, misleading novice players.
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DraftKings and FanDuel are close to an agreement with New York’s attorney general over claims that they engaged in false advertising, according to two people familiar with the discussions.
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Gov. Andrew M. Cuomo signed a bill classifying daily fantasy sports as a game of skill. It is a step toward legalized betting on games.
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Fantasy Sites DraftKings and FanDuel Stop Taking Bets in New York
The move on Monday was part of an agreement with the state attorney general’s office, which had accused them of illegal gambling.
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Watch the ‘Frontline’ and Times Documentary on Fantasy Sports and Online Gambling
Read key findings from the investigative series and watch the film “The Fantasy Sports Gamble.”
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Cash Drops and Keystrokes: The Dark Reality of Sports Betting and Daily Fantasy Games
A 2006 federal law intended to make it more difficult to gamble on the Internet has, by almost any measure, been a spectacular failure.
By Walt Bogdanich, James Glanz and
The Offshore Game of Online Sports Betting
The story of Pinnacle Sports is a case study in how bookmaking sites, illegal in the United States, manage to operate on American soil.
By James Glanz, Agustin Armendariz and
For Addicts, Fantasy Sites Can Lead to Ruinous Path
Compulsive gamblers say they have lost thousands after being drawn in by aggressive pitches and promises of quick payouts.
By Walt Bogdanich and
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Gov. Andrew M. Cuomo has not yet indicated that he will sign the bill, which would classify fantasy sports as games of skill, not chance.
By Jesse McKinley and Joe Drape
There would be some obvious savings from turning two daily fantasy sports sites into one big one.
Jennifer Saba
Citigroup said it would begin blocking New Yorkers’ debit and credit card payments at the two largest sites, FanDuel and DraftKings.
By Walt Bogdanich, James Glanz and Jacqueline Williams
Watch a preview of “The Fantasy Sports Gamble,” a documentary by the PBS series “Frontline” in partnership with The New York Times that airs Tuesday, Feb. 9 at 10/9c on PBS stations and on The New York Times online.
By FRONTLINE
A clip from "The Fantasy Sports Gamble," a documentary by the PBS series "Frontline" in partnership with The New York Times that airs Tuesday, Feb. 9 at 10 p.m. Eastern on PBS and on The New York Times.
By FRONTLINE
In perhaps the biggest blow yet to daily fantasy sports, Vantiv Entertainment Solutions said it would no longer handle customer transactions for companies like FanDuel and DraftKings.
By Joe Drape
With Ken Paxton’s opinion that daily fantasy sports constitute “prohibited gambling,” Texas became the latest state to say that FanDuel and DraftKings were running afoul of its laws.
By Joe Drape
The two largest daily fantasy websites were granted a stay by the Appellate Division of the New York State Supreme Court while they try to fend off a challenge from the state’s attorney general.
By Joe Drape
While FanDuel and DraftKings look the other way, a small set of sophisticated high rollers is preying upon millions of innocent newbies — like me — every day.
By Jay Caspian Kang
The New York State attorney general, Eric T. Schneiderman, wants FanDuel and DraftKings to give back the millions of dollars they have made in the state and pay a penalty.
By Joe Drape
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