FanDuel to Resume Operations in New York City After Law Change
FanDuel to resume operations in New York after law change
4 August 2016
A Scottish tech company is to resume its day-to-day 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 companies' activities amounted to illegal gaming.
The company also dealt with legal hurdles in a number of other states.
FanDuel later on alerted it may not be able to continue as a going concern due to legal barriers in the US.
However, because January eight US states have passed laws "clarifying the legality" of dream sports, according to the company.
FanDuel, which was founded in Edinburgh in 2009, claims six million signed up users throughout the US and Canada. New york city is one of its biggest markets.
Its technology platform permits sports fans to select fantasy teams from real players, and follow their performances.
'On death watch'
President Nigel Eccles invited the New york city legislation, stating that sports fans in the state had actually sent more than 110,000 letters and made almost 3,000 calls to lawmakers backing FanDuel's case.
He stated: "Last fall, in the middle of national debate, some pundits put dream sports on death watch.
"But when the calendar turned to 2016 and fantasy sports fans had the opportunity to be heard and legislators had the chance to act, the dynamic rapidly moved, and one by one states started to identify this is a video game enjoyed by millions - millions who ought to have the ability to play and deserve the standard securities managed to customers in all major industries."
Earlier this week, FanDuel introduced its first item in the UK - a new one-day fantasy football platform focusing on the English Premier League.
FanDuel to resume operations in New York after law change
4 August 2016
A Scottish tech company is to resume its day-to-day 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 companies' activities amounted to illegal gaming.
The company also dealt with legal hurdles in a number of other states.
FanDuel later on alerted it may not be able to continue as a going concern due to legal barriers in the US.
However, because January eight US states have passed laws "clarifying the legality" of dream sports, according to the company.
FanDuel, which was founded in Edinburgh in 2009, claims six million signed up users throughout the US and Canada. New york city is one of its biggest markets.
Its technology platform permits sports fans to select fantasy teams from real players, and follow their performances.
'On death watch'
President Nigel Eccles invited the New york city legislation, stating that sports fans in the state had actually sent more than 110,000 letters and made almost 3,000 calls to lawmakers backing FanDuel's case.
He stated: "Last fall, in the middle of national debate, some pundits put dream sports on death watch.
"But when the calendar turned to 2016 and fantasy sports fans had the opportunity to be heard and legislators had the chance to act, the dynamic rapidly moved, and one by one states started to identify this is a video game enjoyed by millions - millions who ought to have the ability to play and deserve the standard securities managed to customers in all major industries."
Earlier this week, FanDuel introduced its first item in the UK - a new one-day fantasy football platform focusing on the English Premier League.