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DraftKings sues payment processors regarding their withdrawal of services

Wednesday December 2,2015 : DRAFTKINGS FILES ANOTHER LEGAL ACTION
 
Daily fantasy sports operator sues payment processors regarding their withdrawal of services.
 
DFS market leader DraftKings has launched litigation in a Boston court against payment processing firms Optimal and Vantiv, accusing them of breach of contract.
 
The two companies withdrew their services to DraftKings and other DFS operators following the issue of a cease and desist warning by the New York Attorney General early in November, alleging that the legality of daily fantasy sports was questionable

The business publication Forbes speculates that the payment processing companies are wary of the federal Unlawful Internet Gambling Enforcement Act of 2006, under which they could be held liable for knowingly “accepting any credit or funds from a person in conjunction with the latter’s participation in ‘unlawful Internet gambling.’”
 
Forbes notes that both processors probably have escape clauses in their contracts with DraftKings which could cover their withdrawal of services on legal grounds.
 
Vantiv has also been named in a New York class action filed last week by New York DFS player Yehuda Guttman in the U.S. District Court for the Southern District of New York
 
The complaint alleges that banking defendants lent money or credit to players for wagers, and the card companies received a fee from the banks for facilitating the money transfer, whilst the payment processors serve a "player banking function," receiving a fee as the financial intermediary between the gambling sites and their customers.
 
The banks have allegedly collected and continue to collect debts on the credit they lent for the purpose of wagering...and the filing claims that New York law prohibits the enforcement or collection of debts issued for illegal gambling.



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Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

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Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

ACR Buck Hunt Promotion : 2017 WSOP Seats - The Hunt for WSOP Seats is on with Americas Cardroom's Buck Hunt Promotion

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