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NY US Attorney's Office Looking at Daily Fantasy Sports

Wednesday October 21,2015 :  A FAMILIAR NAME IN LATEST DAILY FANTASY SPORTS DEVELOPMENT (Update)
 
Southern District of New York enforcers go to work again.
 
Online poker sector observers will be familiar with the name Preet Bharara, the US Department of Justice official who spearheaded the Black Friday enforcement attack on internet poker sites four years ago, decimating the US online poker market.
 
The Wall Street Journal reports this week that Bharara, and his team at the US Attorney's Office for Southern New York, is back...and this time the investigation is aimed at the daily fantasy sports vertical which has reluctantly been dragged into the spotlight following "insider" accusations that have yet to be proved
 
Whether Bharara's team has been quietly watching DFS developments and has opened an investigation coincidentally with the media storm currently swirling around market leaders DraftKings and FanDuel, or whether their interest has been piqued by political demands for enquiries, is not clear, but an investigation is now in progress, according to Wall Street Journal sources.
 
In parallel, the respected Journal reveals, is an exercise by senior Justice Department lawyers in Washington to decide whether daily fantasy sports betting violates federal gambling statutes and should no longer enjoy the benefits of its carve-out in the Unlawful Internet Gambling Enforcement Act..
 
The Department of Justice moves are just the latest in a series of enquiries and reviews of DFS mounted by at least three state AGs, a Grand Jury enquiry in Florida, a reported FBI investigation and calls by several influential state and federal politicians for state and/or Congressional hearings.
 
Approached with the news, a DraftKings spokesperson reiterated the company's belief that the skill-based games on its website, and DFS in general, are legal.
 
Independent legal experts told the WSJ that Bharara’s involvement marks a significant escalation of the legal challenges the DFS vertical.
 
“Because of his past and his reputation, this is probably the most frightening development yet for the industry,” said Daniel Wallach, a sports and gaming attorney.

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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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