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 daily fantasy sports operations in New York, after a costs legalising the activity was signed into law.
FanDuel needed to stop operating in the state in November after regulators ruled dream sports firms' activities amounted to unlawful gaming.
The business likewise dealt with legal obstacles in a variety of other states.
FanDuel later cautioned it may not have the ability to continue as a going issue due to legal barriers in the US.
However, because January eight US states have actually passed laws "clarifying the legality" of fantasy sports, according to the company.
FanDuel, which was established in Edinburgh in 2009, lays claim to six million signed up users across the US and Canada. New york city is one of its biggest markets.
Its technology platform enables sports fans to pick dream teams from real players, and follow their efficiencies.
'On death watch'
President Nigel Eccles invited the New york city legislation, stating that sports fans in the state had actually sent out more than 110,000 letters and made almost 3,000 calls to legislators backing FanDuel's case.
He said: "Last fall, amidst nationwide debate, some pundits put dream sports on death watch.
"But when the calendar turned to 2016 and dream sports fans had the opportunity to be heard and legislators had the chance to act, the dynamic quickly moved, and one by one states started to acknowledge this is a game enjoyed by millions - millions who should have the ability to play and deserve the fundamental defenses managed to consumers in all significant industries."
Earlier today, FanDuel released its first product in the UK - a brand-new one-day fantasy football platform concentrating on the English Premier League.