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Massachusetts Attorney General Says Daily Fantasy Sports Are Legal
Thursday October 8,2015 : DAILY FANTASY SPORTS IS LEGAL, SAYS BOSTON A.G. (Update)
Attorney General Maura Healey gives DraftKings a clean bill of legal health.
Massachusetts Attorney General Maura Healey, who InfoPowa readers will recall has been reviewing the legality of DFS in her state, gave the daily fantasy sports business a fillip Wednesday when she told the Boston Globe that she’s not pursuing any criminal inquiries into Boston-based DraftKings Inc.
The AG has had the company under review since late September, and commented on her conclusions in a week which has found the company subjected to massive mainstream media coverage over an employee who released sensitive information and later collected $350,000 in winnings at the rival FanDuel site.
Healey said that there are no federal or state laws that prohibit daily fantasy sports sites from operating; “We’re not looking to shut them down,” she said.
The AG went on to concede that the revelations this week about potential insider trading are “concerning.”
“I think that those who play want to be, and expect to be, assured a level playing field,” Healey said. “I think it’s important to me that that is in place.”
Healey revealed that she has reached out to both DraftKings and FanDuel and invited them to her office to talk about steps the websites are taking to protect consumers.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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