Citigroup Bans Financial Transactions of DFS Sites In New York While Some US States Observe ‘The Game of Skill’ As Legal

Terming the daily fantasy sports as illegal gambling, the New York Attorney General has filed a lawsuit against DraftKings and FanDuel. While the lawsuit proceeds in its own pace, banking giant Citigroup has imposed a ban on transactions to the DFS sites by the New Yorkers. Some US states express reluctance while some declare the sites as legal.

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Fantasy sports DraftKings closes USD24 million round

Boston-based daily fantasy sports online game DraftKings closed USD24 million in a recent funding round led by Redpoint Ventures for its marketing, acquisition, and expansion activities.

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Investors Are Betting on DraftKings; Fantasy Sports Startup Raises $1.4 Million in Seed Capital

DraftKings, an online fantasy sports startup, has closed a seed round of $1.4 million in a round led by Atlas Venture

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