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Legal
October 2, 2024
Former Jaguars Employee Sues FanDuel from Prison
Amit Patel, the former Jacksonville Jaguars executive who pleaded guilty to defrauding the team out of more than $22 million, filed a $250 million lawsuit against FanDuel, accusing the sportsbook of exploiting his gambling addiction. He claims the operator violated its responsible gaming and anti-money laundering policies and profited off his condition. Most of Patel’s […]
Legal
September 18, 2024
Private Equity File Motion to Dismiss FanDuel Founders Case
Private equity firms embroiled in the ongoing legal battle that ensued following sports betting and fantasy sports operator FanDuel’s sale to Paddy Power Betfair in 2018 for $559 million have struck back against allegations they breached their fiduciary duties. Defendants, including FanDuel Group, Los Angeles-based investment firm Shamrock Capital Advisors, American global investment company Kohlberg […]
Industry
September 17, 2024
MLBPA Sues DraftKings, FanDuel, and Others Over Image Rights Violations
The Major League Baseball Players Association (MLBPA) has taken legal action against big names in sports betting, including DraftKings, FanDuel, Bet365, and Underdog Fantasy. The MLBPA claims these companies have used player names and images without permission. MLBPA Accuses Sports Betting Giants of Exploiting Player Images Without Licensing Agreements On September 16, 2024, the MLBPA […]
Business
September 12, 2024
Fox Reportedly Aims for FanDuel Stake at $2.2bn Below Value
Several years ago, in 2020, the leading gaming and entertainment company, Flutter Entertainment, purchased The Stars Group. This created a connection between the former and Fox Corporation, one of the world’s leading and most valued mass media companies in America. Through this legal connection, Fox secured an option to purchase a stake in FanDuel, Flutter’s […]
Sports
September 6, 2024
Mohegan Sun and FanDuel Launch New Sports Podcast
Tribal gaming operator Mohegan has joined forces with sportsbook juggernaut FanDuel to launch a new sports betting podcast. Sportsbook Live from Mohegan Sun just aired its first episode, providing sports fans with expert opinions on the upcoming NFL season. The Podcast Comes Just in Time for the NFL Sportsbook Live from Mohegan Sun will be […]
Industry
September 4, 2024
FanDuel Unveils RG Program Starring Randy Livingston
FanDuel, one of America’s sports betting powerhouses, has announced a new safer gambling partnership ahead of Responsible Gaming Education Month. Livingston and His Wife Have Joined the RG Ambassador Team The agreement will see FanDuel join forces with former NBA player and basketball coach Randy Livingston and his wife, sports agent Anita Smith. As a […]
Business
September 3, 2024
FanDuel Gains Market Share in July Ahead of Football Season
Although the United States is recognized as a leading and competitive sports betting market, considering that nearly 40 states offer the activity and there are more than a dozen operators offering their services, a duopoly continues to hold a major stake in the vertical. FanDuel and DraftKings continue to hold a significant share of the […]
Sports
August 20, 2024
FanDuel’s Strategic Moves Allow It to Gain Advantage in Betting Race
In the growing sports betting landscape across the United States, two leading operators solidified their presence as leaders. With many analysts acknowledging that the market is in a “duopoly” form, DraftKings and Flutter Entertainment’s FanDuel continue to hold a significant share of the sector. With percentages varying from one month to the other, generally speaking, […]
Legal
August 15, 2024
FanDuel Founders Challenge Board in Expanded Suit over Flutter Deal
FanDuel’s cofounders, early investors and employees recently filed an amended complaint in New York, alleging that board members, controlled by private equity investors deprived them of significant profits from the company following its 2018 sale to Paddy Power. At the time, FanDuel was valued at $559 million and merged with Paddy Power. Later on, Paddy […]
Industry
August 14, 2024
FanDuel Makes Up Its Mind, Says No to DraftKings Surcharge Idea
Flutter Entertainment did not take long to mull things over. The company, which is based in Dublin, used the occasion of its earning call to openly state that it would not be implementing a “surcharge,” which was proposed by DraftKings two weeks ago as a way to ease the financial pain in states that collect […]
