Search Results for: DFS

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Florida Bill Seeks to Legalize Daily Fantasy Sports, but Might Violate the Seminole Gambling Compact

Casino Watch Focus has reported on the various attempts at legalization of Daily Fantasy Sports DFS), especially in Florida, a state that has been heavily lobbied due to major DFS companies DraftKings and FanDuel physically residing there. Last January an attempt was made to officially legalize, but it never materialized. New efforts have surfaced and have […]

A Brief Look at Crime 02/13 – 02/19

Broward insurance firm-turned-‘Ponzi scheme’ cost Florida, policyholders $100 million The final act in the little-noticed liquidation of a Fort Lauderdale-based insurance company that regulators say evolved into a “Ponzi scheme” that cost Florida and its policyholders more than $100 million is set to unfold in court this spring. The Florida Department of Financial Services’ fraud […]

Florida Legislator Attempts to Exempt Daily Fantasy Sports Industry from Gambling Regulations

Casino Watch Focus has reported on the ongoing path of newest gambling fad, daily fantasy sports (DFS). Many jurisdictions are viewing these daily contests as simple gambling given there isn’t the same skill level involved in playing with one drafted fantasy team over the course of a season and instead players pick a new team of […]

DraftKings Sued for $4 million for Non-Payment of Advertising Deal

Casino Watch Focus has reported on the many woes of the Daily Fantasy Sports (DFS) industry. They have come under fire for being sports gambling and various legislation has been passed on a state by state basis. Some have banned it, others have regulated it. They were scrutinized for insider-trading type scandals and hacking vulnerability. They have […]

Daily Fantasy Sports Face Security Issues from Hackers and Insider Trading Scandals

Casino Watch Focus has reported on the ongoing saga of America’s newest form of gambling, Daily Fantasy Sports (DFS). Many people participate when they see advertisements for DraftKings or FanDuel without realizing it could be an illegal form of gambling. Others may know, but assume the risk is low and play because it seems so prevalent. […]

New York Fantasy Sports Legislation Might Be Subject to Lawsuits Seeking to Stop Expanded Sports Gambling

Casino Watch Focus has reported on the ongoing developments in the Daily Fantasy Sports (DFS) industry. These daily fantasy games are essentially taking the skill based game of fantasy sports that typically lasts and entire season and boiling it down to a daily gambling activity which lacks the same skill based approach as typical fantasy games. […]

NBA Denies Daily Fantasy Sports Industry the Ability to Advertise on Jerseys

Casino Watch Focus has reported on the ongoing struggles of the Daily Fantasy Sports Industry to be seen as something other than sports gambling. As the critical examination of the industry has progressed, more and action has been taken to ensure safeguards from such gambling. Some states have clarified their laws to indicate DFS is gambling, […]

Congressional Committee to Take Up Daily Fantasy Sports Issue

Casino Watch Focus has reported many times on the newest form of sports gambling known as Daily Fantasy Sports. Also known as DFS, it’s an industry that very clearly represents sports gambling, and many states have either clarified their state rules to inform the industry that DFS is illegal, or have decided it represents gambling with […]

Nonprofit Groups Expose the NFL’s Strategy to use Fantasy Sports to Addict Kids to Gambling

Casino Watch Focus has reported on the National Football League’s (NFL) position on sports gambling. They have long held to the belief that keeping the NFL a very far distance from gambling is in the league’s best interest. Recently that position has come into question with the NFL’s interest in Daily Fantasy Sports (DFS). This new […]

Recent Negative Rulings Force Daily Fantasy Sports Companies to Massively Increase Lobbying Efforts

Casino Watch Focus has reported on the ongoing criticism and identification of Daily Fantasy Sports (DFS) as the newest wave of sports gambling. Various states have been investigating DraftKings and FanDuel to determine if they are offering online gambling. Even the FBI and US Attorney General have been investigating. The DFS has tried to take a […]

As Daily Fantasy Sports Industry Comes Under Fire, Even Draftkings and FanDuel Acknowledge Dangers as They Call for Gov Regulation and Implement Problem Gambling Safeguards

Casino Watch Focus has reported on the new Daily Fantasy Sports (DFS) industry, including the recent realization that at its core, its gambling, and that when left unregulated or banned, its leading to online scandals and wide spread investigation, including from the FBI and US Attorney General.  Recently, New York investigated the practice of daily fantasy sports […]

Daily Fantasy Sports Companies May Lose First NFL Team Partnership Amid Insider Trading Scandal and Illegal Gambling Label

Casino Watch Focus has reported on the ongoing issues running ramped through the daily fantasy sports industry including a Class Action lawsuit, federal investigations by the FBI and US Attorney General, and numerous state actions including a Nevada shut down of DFS and general investigations by state attorney general offices as well. Now it would appear […]

FBI and US Attorney General Investigation Daily Fantasy Sports Industry

Casino Watch Focus has reported on the new insider trading scandal against the Daily Fantasy Sports (DFS) industry and has reported the constant scrutiny of the business being nothing more that sports gambling. As more and more exposure is coming to light, it appears the DFS industry has caught the ire of both the FBI and the […]

Daily Fantasy Sports Violate Florida Law

Casino Watch Focus has reported on the ongoing evolution of how daily fantasy sports (DFS) is being viewed as gambling. It was last reported that companies like Draft Kings and FanDuel are starting to lobby in Florida in hopes of ensuring DFS stays legal on both federal and state levels. It appears that as of now, […]

Daily Fantasy Sports Gambling Companies DraftKings and FanDuel begin Lobbying in Florida

Casino Watch Focus has reported on the growing industry of daily fantasy sports (DFS) and how more and more people are starting to recognize it as gambling. A typical fantasy game takes place over the course of a season and involves a great amount of skill to successfully play. However, when you draft and play with […]