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Legal
February 9, 2024
Court Issues Restraining Order against Former DraftKings Executive
Michael Z. Hermalyn, Fanatics VIP president and former SVP of growth at DraftKings, was temporarily prohibited from disclosing any sensitive information obtained from his former employer to his new employer. The temporary restraining order was issued on Thursday and while it restricted Hermalyn from using any confidential information or soliciting with DraftKings employees or clients, […]
Legal
February 9, 2024
Ukraine’s Cosmolot Faces Allegations of Tax Evasion and Unlicensed Gambling
In a significant development, Ukraine’s Bureau of Economic Security (BES) recently seized UAH 700 million ($18.6 million) from the accounts of one of the country’s largest gambling operators, Cosmolot. The move comes as the casino faces accusations of evading UAH 1.2 billion ($31.9 million) in taxes. Cosmolot has denied all allegations and is ready to […]
Legal
February 9, 2024
West Flagler Continues Sports Betting Legal Battle
A gaming compact between the Seminole Tribe and Gov. Ron DeSantis in Florida, dating back to 2021, was tangled into a prolonged legal battle. The compact permitted the Tribe to accept online sports bets across the state under the condition that the computer servers required for this be positioned within Indian lands. Consequently, West Flagler […]
Legal
February 8, 2024
Fanatics VIP Chief Denies DraftKings Allegations Amid Legal Battle
In a legal tussle between sports betting giants, Fanatics’ newly appointed VIP chief, Michael Hermalyn, refutes allegations brought forth by DraftKings, terming them as “wrong and disappointing” and “false and fabricated.” Former DraftKings Employee Denies Allegations of Data Theft Conspiracy with Fanatics CEO The dispute took a legal turn when DraftKings filed a lawsuit accusing […]
Legal
February 6, 2024
Former DraftKings Executive Challenges Non-compete Policy in Court
A former DraftKings executive is challenging non-compete agreements he signed with his employer. The legal case, filed by Michael Z. Hermalyn, Fanatics VIP’s president and former senior vice president of growth at DraftKings, was filed Thursday. In his lawsuit, the executive argues that the non-compete policies he agreed to with his former employer are unenforceable […]
Legal
February 6, 2024
FanDuel Asked to Reimburse $20M Stolen by Former Jaguars Employee
The Jacksonville Jaguars are communicating with FanDuel to seek reimbursement for approximately $20 million lost on the platform by a former employee. The perpetrator stole millions from the team, using most of them to wager on FanDuel’s daily fantasy sports offerings. Despite these assets’ stolen nature, the operator’s legal obligation to return them remains unclear. […]
Legal
February 6, 2024
Malta Gaming Authority Distances Itself from Italian Mafia Figure
In the wake of Italy’s “Operation Galaxy,” where authorities seized €400 million ($433 million) in assets linked to organized crime, the Malta Gaming Authority (MGA) has emphatically denied any connection to the criminal mastermind behind the illegal gambling ring. The MGA issued an official statement, noting it would continue cooperating with authorities and closely monitoring […]
Legal
February 1, 2024
Youth to Serve 18 Months in Prison for DraftKings Cyber Fraud
Joseph Garrison, one of the youths who staged cyber fraud involving DraftKings Sportsbook accounts in 2022, has pleaded guilty, accepting an 18-month prison sentence. The 19-year-old was involved in a credential surfing attack. Along with other conspirators Garrison exploited system vulnerabilities to steal $600,000 from DraftKings users whose credentials had been stolen in other data […]
Legal
February 1, 2024
Italian Police Strikes Malta-Based iGaming Company Linked to Organized Crime
A coordinated operation by law enforcement forces across Italy executed a court order for confiscating assets worth approximately €400 million ($433 million) belonging to an iGaming operator registered in Malta. This action follows Italy’s intensifying efforts to counter organized crime infiltration in the online gaming and betting sectors, curbing corruption and money laundering operations. The […]
Legal
January 31, 2024
Two More Individuals Indicted for DraftKings Cyberattack
Two individuals, Nathan Austad, 19, of Farmington, Minnesota, and Kamerin Stokes, 21, of Memphis, Tennessee, have been indicted for their roles in the November 2022 DraftKings cyberattack. They allegedly misused the illegally obtained data for personal gain, selling confidential information and inflicting damage on the operator and its clients. Joseph Garrison, a third co-conspirator, has […]
