Fan Duel And Draftking: A Case Study

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Ever heard of Fan Duel or Draft King? You probably have not heard about these companies until recently. These are websites that promote online gaming. These fantasy gaming websites have always been popular among those that enjoy the sports and like to try to create their best teams for many years. These gaming websites, especially Fan Duel and DraftKing have become even more popular the past couple of years and have been promoting their website more publically and talking about the money that can be made by playing their online gaming skills program to draw more people into the fantasy gaming world. Now that they have become more public, state attorney generals and legislatures, are now taking a look at their online gaming product. The…show more content…
The state of New York and others that feel that both Fan Duel and DraftKings are illegal gaming websites, will ask them to stop taking all online wagers for any one in the those states. “The cease-and-desist order by the attorney general, Eric T. Schneiderman, is a major blow to a multibillion-dollar industry that introduced sports betting to legions of young sports fans and has formed partnerships with many of the nation’s professional sports teams” (Bogdanich, Drape, & Williams, 2015, para. 2) This decision by New York will definitely hurt Fan Duel and Draft King: “Both companies were flying under the radar when it comes to the laws around online gambling” (Schrotenboer, 2015, para.…show more content…
Those that enjoy these sports games are looking for a resolution with the legislature to be able to continue the online gaming and coming up with rules so that it is a legal gaming site and removing the illegal gambling part of these websites. “Within the past month DraftKings and FanDuel are going to suspend contests on College Sports indefinitely. They have worked with the NCAA of their decision. They still hope that they will be able to continue with professional sports.” (2015 Wagner, Opinion on www.npr.org website) In Minnesota, DraftKings and FanDuel are here to stay; Minnesota has no laws that prohibit online fantasy sports. Wogsland (2016 Par 7) “The authority to investigate any online gambling is controlled by the attorney general’s office in some states and like in Minnesota the Department of Public Safety is in charge of investigating any violations of gambling laws”. (Wogsland 2016 Par 7) “Each state is different in terms of regulation on this”. “DraftKings and FanDuel stand to lose 25 percent of their business without Texas. New York and Illinois” (Eilers and Krejcik Gaming, 2016, para
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