Japan to welcome top poker brand WPT
Poker
40 views
40 views

Japan to welcome top poker brand WPT

Editor - September 18, 2017
27 Views

DraftKings and FanDuel agree to pay Massachusetts fines

In Massachusetts, daily fantasy sports operators DraftKings and FanDuel have reportedly agreed deals that will see them each hand over $1.3 million to settle allegations that they engaged in unfair and deceptive practices prior to 2016.

According to a report from ESPN, the office of Massachusetts Attorney General Maura Healey began investigating the pair’s operating practices and business models in early-2015 and subsequently determined that some participants were not being adequately protected.

“I am glad to have reached these settlements to address various consumer issues that existed at the early stages of this new industry,” read a Thursday statement from Healey cited by ESPN. “We have since implemented a set of comprehensive regulations that provide consumers with broad-ranging protections and that have served as a model for many other states.”

The Reuters news service reported that the consumer protection regulations subsequently implemented in Massachusetts now prohibit those under the age of 21 from enjoying daily fantasy sports and place restrictions on how the games can be promoted and advertised. The new rules moreover forbid the marketing of paid fantasy sports contests on high school and university campuses while barring professional athletes and agents from taking part in such games.

“We have worked closely with the Massachusetts Attorney General’s Office in its review of fantasy sports including its issuance of the first set of consumer protection regulations for our industry, which we were pleased to comply with since their inception in 2016,” read a statement from FanDuel spokesperson Justine Sacco cited by ESPN.

Healey’s office reportedly told ESPN that DraftKings and FanDuel, which scrapped a proposed merger in July following the filing of a lawsuit by the United States Federal Trade Commission, were now fully compliant with the new Massachusetts regulations. The pair purportedly agreed separate $6 million settlements with New York Attorney General Eric Schneiderman in October in order to resolve accusations that they had previously engaged in false and deceptive advertising practices.

“Over the last two years, the Massachusetts Attorney General’s Office has done an excellent job of working to fully understand DraftKings, our business and the fantasy sports industry,” read a statement from DraftKings spokesperson Tim Parilla cited by ESPN. “That expertise informed the Massachusetts regulations that have now become the national model for common-sense [and] consumer-focused fantasy sports regulations.”

DraftKings and FanDuel agree to pay Massachusetts fines was last modified: September 11th, 2017 by Adam Morgan


Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

Japan to welcome top poker brand WPT
Poker
40 views
Poker
40 views

Japan to welcome top poker brand WPT

Editor - September 18, 2017

The World Poker Tour is a top poker brand that offers poker tournament gaming around the world. The tour stops at the best casinos in cities across…

PokerStars Festival Bucharest main event win goes to Sam Grafton
Poker
36 views
Poker
36 views

PokerStars Festival Bucharest main event win goes to Sam Grafton

Editor - September 18, 2017

From July 31st to August 6th, the JW Marriott Bucharest Grand Hotel in Bucharest, Romania played host to the PokerStars Festival Bucharest. The week-long PokerStars Festival offered…

Revamped platform unveiled by PartyPoker
Poker
30 views
Poker
30 views

Revamped platform unveiled by PartyPoker

Editor - September 18, 2017

Online poker cardroom, PartyPoker, has launched a revamped version of its platform in an effort to further improve the quality of its customer’s experience. iGaming Business reports…

Assemblyman Ralph Caputo continues push to get video lottery terminals into New Jersey racetracks
Horse Racing
21 views
Horse Racing
21 views

Assemblyman Ralph Caputo continues push to get video lottery terminals into New Jersey racetracks

Editor - September 18, 2017

The referendum to move casinos outside of Atlantic City goes to vote in November but Assemblyman Ralph Caputo is not waiting for the official results as a…

Poker, online casinos officially banned in Australia
Poker
29 views
Poker
29 views

Poker, online casinos officially banned in Australia

Editor - September 18, 2017

Online poker players in Australia saw their hopes for a fully legal game dashed yesterday. The Senate passed a modified version of the Internet Gambling Amendment Bill…

Motives of Hialeah’s new horsemen’s group questioned
Horse Racing
22 views
Horse Racing
22 views

Motives of Hialeah’s new horsemen’s group questioned

Editor - September 18, 2017

The recognition of a new horseman’s group at Hialeah Park by the Division of Pari-Mutuel Wagering is being challenged and a trial is set to begin today…

Poker King Club to launch new poker series this September
Poker
23 views
Poker
23 views

Poker King Club to launch new poker series this September

Editor - September 18, 2017

Suncity Group is an investor of Macau VIP junket rooms that recently announced their unit Poker King Club will be launching a new poker series starting this…

Melbourne Cup organizers tread carefully in China after Crown crisis
Horse Racing
27 views
Horse Racing
27 views

Melbourne Cup organizers tread carefully in China after Crown crisis

Editor - September 18, 2017

Organizers of the Melbourne Cup, the Victoria Racing Club, are treading lightly as they prepare the first big marketing push into China on the heels of the…

Westgate Las Vegas opens new Poker Room
Poker
23 views
Poker
23 views

Westgate Las Vegas opens new Poker Room

Editor - September 18, 2017

Westgate Resorts is hoping the fourth time is a charm for its new poker room recently opened in what was the sportsbook “Fan Cave” at the Westgate…

Player feedback results in the return of PokerStars Caribbean Adventure
Poker
22 views
Poker
22 views

Player feedback results in the return of PokerStars Caribbean Adventure

Editor - September 18, 2017

Over the past few years, the PokerStars brand decided to make a few changes. One such change was doing away with the PokerStars Caribbean Adventure and replacing…