GET DEMO

Tag: PrizePicks

October 22, 2024

US fantasy operators sued in Massachusetts

A lawsuit filed in Massachusetts calls out fantasy sports operators and the blurred lines between sports betting and fantasy sports.

Joseph Curran of Gloucester, a suburb of Boston, is suing PrizePicks, Underdog Fantasy and Yahoo! Fantasy Sports. He claims that the companies “intentionally refrained from registering with Massachusetts” to offer the kinds of wagers he placed. Curran is asking that all his bets be refunded.

The lawsuit was filed on 17 October in Essex Superior Court.

Digital and retail sports betting are legal in Massachusetts after the state legislature approved it in August 2022. In-person sports betting went live in January 2023, and digital betting launched in March of that year. With sports betting, consumers can bet on game results or proposition bets. The operators are regulated and taxed by the state.

Nuance of sports betting, traditional fantasy, pick’em

In Massachusetts, traditional fantasy sports games are legal. In these games, players build a team of ..

Read more

July 30, 2024

PrizePicks reportedly considering M&A, funding options

PrizePicks has tapped investment bank Moelis & Co to explore potential mergers and acquisitions, according to industry sources.
The Atlanta-based company – and the self-proclaimed largest daily fantasy sports (DFS) operator in North America – isn’t actively seeking a full-scale sale. It’s evidently keen on expanding and strengthening its footprint through strategic partnerships or acquisitions and potentially has an eye on raising a war chest to compete in regulated online sports betting with the likes of market leaders DraftKings and FanDuel.

Bloombergwas the first to report the rumour involving Moelis & Co’s involvement, although so far it’s light on details.

PrizePicks stands out in the DFS landscape with its unique approach to gaming. Unlike traditional DFS platforms where users draft entire teams, PrizePicks allows users to predict the over/under on individual player statistics and fantasy scores. PrizePicks recently found its way back into several regulated markets, which could..

Read more

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2024 All rights reserved.