FanDuel to Resume Operations in new York After Law Change
FanDuel to resume operations in New York after law change
4 August 2016
A Scottish tech firm is to resume its daily dream sports operations in New York, after an expense legalising the activity was signed into law.
FanDuel needed to stop running in the state in November after regulators ruled dream sports companies' activities totaled up to prohibited gaming.
The business also faced legal difficulties in a number of other states.
FanDuel later on cautioned it might not be able to continue as a going issue due to legal barriers in the US.
However, considering that January eight US states have passed laws "clarifying the legality" of fantasy sports, according to the business.
FanDuel, which was established in Edinburgh in 2009, claims 6 million signed up users across the US and Canada. New York is one of its most significant markets.
Its technology platform allows sports fans to pick dream teams from genuine players, and follow their performances.
'On death watch'
Chief executive Nigel Eccles welcomed the New York legislation, saying that sports fans in the state had sent more than 110,000 letters and made almost 3,000 calls to lawmakers backing FanDuel's case.
He stated: "Last fall, amidst nationwide debate, some pundits put dream sports on death watch.
"But when the calendar turned to 2016 and fantasy sports fans had the chance to be heard and legislators had the opportunity to act, the dynamic rapidly shifted, and one by one states started to identify this is a game enjoyed by millions - millions who must have the ability to play and deserve the standard protections paid for to consumers in all significant markets."
Earlier today, FanDuel released its very first product in the UK - a new one-day fantasy football platform concentrating on the English Premier League.
FanDuel to resume operations in New York after law change
4 August 2016
A Scottish tech firm is to resume its daily dream sports operations in New York, after an expense legalising the activity was signed into law.
FanDuel needed to stop running in the state in November after regulators ruled dream sports companies' activities totaled up to prohibited gaming.
The business also faced legal difficulties in a number of other states.
FanDuel later on cautioned it might not be able to continue as a going issue due to legal barriers in the US.
However, considering that January eight US states have passed laws "clarifying the legality" of fantasy sports, according to the business.
FanDuel, which was established in Edinburgh in 2009, claims 6 million signed up users across the US and Canada. New York is one of its most significant markets.
Its technology platform allows sports fans to pick dream teams from genuine players, and follow their performances.
'On death watch'
Chief executive Nigel Eccles welcomed the New York legislation, saying that sports fans in the state had sent more than 110,000 letters and made almost 3,000 calls to lawmakers backing FanDuel's case.
He stated: "Last fall, amidst nationwide debate, some pundits put dream sports on death watch.
"But when the calendar turned to 2016 and fantasy sports fans had the chance to be heard and legislators had the opportunity to act, the dynamic rapidly shifted, and one by one states started to identify this is a game enjoyed by millions - millions who must have the ability to play and deserve the standard protections paid for to consumers in all significant markets."
Earlier today, FanDuel released its very first product in the UK - a new one-day fantasy football platform concentrating on the English Premier League.