FanDuel to Resume Operations in New York City After Law Change
FanDuel to resume operations in New york city after law change
4 August 2016
A Scottish tech company is to resume its daily fantasy sports operations in New york city, after a costs legalising the activity was signed into law.
FanDuel had to stop running in the state in November after regulators ruled dream sports firms' activities totaled up to prohibited gaming.
The company also dealt with legal hurdles in a variety of other states.
FanDuel later alerted it might not have the ability to continue as a going issue due to legal challenges in the US.
However, because January eight US states have actually passed laws "clarifying the legality" of dream sports, according to the business.
FanDuel, which was founded in Edinburgh in 2009, lays claim to 6 million signed up users throughout the US and Canada. New York is among its greatest markets.
Its innovation platform allows sports fans to choose fantasy groups from genuine players, and follow their performances.
'On death watch'
President Nigel Eccles welcomed the New York legislation, saying that sports fans in the state had sent out more than 110,000 letters and made nearly 3,000 calls to legislators backing FanDuel's case.
He said: "Last fall, amidst national controversy, some pundits put fantasy sports on death watch.
"But when the calendar turned to 2016 and dream sports fans had the opportunity to be heard and lawmakers had the opportunity to act, the dynamic quickly shifted, and one by one states started to identify this is a game loved by millions - millions who need to be able to play and be worthy of the fundamental securities afforded to consumers in all major markets."
Earlier this week, FanDuel launched its first product in the UK - a new one-day dream football platform focusing on the English Premier League.
FanDuel to resume operations in New york city after law change
4 August 2016
A Scottish tech company is to resume its daily fantasy sports operations in New york city, after a costs legalising the activity was signed into law.
FanDuel had to stop running in the state in November after regulators ruled dream sports firms' activities totaled up to prohibited gaming.
The company also dealt with legal hurdles in a variety of other states.
FanDuel later alerted it might not have the ability to continue as a going issue due to legal challenges in the US.
However, because January eight US states have actually passed laws "clarifying the legality" of dream sports, according to the business.
FanDuel, which was founded in Edinburgh in 2009, lays claim to 6 million signed up users throughout the US and Canada. New York is among its greatest markets.
Its innovation platform allows sports fans to choose fantasy groups from genuine players, and follow their performances.
'On death watch'
President Nigel Eccles welcomed the New York legislation, saying that sports fans in the state had sent out more than 110,000 letters and made nearly 3,000 calls to legislators backing FanDuel's case.
He said: "Last fall, amidst national controversy, some pundits put fantasy sports on death watch.
"But when the calendar turned to 2016 and dream sports fans had the opportunity to be heard and lawmakers had the opportunity to act, the dynamic quickly shifted, and one by one states started to identify this is a game loved by millions - millions who need to be able to play and be worthy of the fundamental securities afforded to consumers in all major markets."
Earlier this week, FanDuel launched its first product in the UK - a new one-day dream football platform focusing on the English Premier League.