DAILY FANTASY SPORTS SITE SHUTTING DOWN
 
Reports that iTeam has been unable to raise funding for its next big push.
 
The DFS information forum Rotogrinders reports that daily fantasy sport operator iTeam will not be posting any more real-money games, although the website will remain open to enable players to cash out their positive balances.
 
Gabe Hunterton from iTeam told Rotogrinders that he was not able to raise the large series A round needed to make the next big push, but will continue to own the code and IP and may come back online if things change and funding can be found in the future.