fantasy sports

Sports betting and sports media company Betr announced the launch of a new product Monday. The news comes roughly a month after Betr declared a new round of funding aimed at propelling the company’s growth. Here are the key details and how Betr could expand its national reach. What Happened:...

Sports betting and online casino company DraftKings Inc (NASDAQ: DKNG) reported second-quarter financial results before the market open Friday. Here are the key highlights for investors. What Happened: DraftKings reported second-quarter revenue of $466 million, up 57% year-over-year. The revenue...

A small media company that owns one of the top portfolios of big four network television stations has outperformed media giants and could continue to see strong returns with acquisitions, sports wagering launches and share buybacks. About Nexstar Media: The largest local television and media...

Facebook, Inc. (NASDAQ: FB) is launching fantasy sports and other fantasy games in a push for more time spent by consumers on the company’s app. What Happened: Facebook Fantasy Games is the name of the new segment that will be offered on the company’s app for iOS and...

We have three NBA games tonight, with the Mavericks and Nets both looking to go up 3-0 in their respective series. The Knicks will travel to Atlanta as they look to break their series tiebreaker. With good value in all three games, here is our picks for the top NBA daily fantasy lineup. You...

A company that provides real-time data from sporting events to media and sports betting companies is acquiring a free to play game provider that could diversify its products. What Happened: FanHub, a free to play game provider, is being acquired by DMY Technology Group, Inc. II (NYSE:...

Fund manager Cathie Wood is widely followed for the moves she makes in the Ark Funds. An addition from Monday is up big on the news and could be the first added in a high growth industry. What Happened: On Monday, shares of DraftKings Inc (NASDAQ: DKNG) were added to the Ark Next Generation ETF (...

DraftKings announced Monday that it has entered into a business combination agreement with Diamond Eagle Acquisition Corp. (NASDAQ: DEAC) to become a publicly traded company. The transaction is expected to close in the first half of 2020. Once the transaction is closed, Diamond Eagle intends...

New York's Attorney General Eric Schneiderman declared in November that online fantasy sports sites, like FanDuel and DraftKings, were operating illegally in the state of New York and are to be banned. On Wednesday, Illinois joined New York in banning its residents from participating in...

The state of New York has banned DraftKings and FanDuel, two fantasy sports betting sites. New York Attorney General Eric Schneiderman said the sites accept money from clients who illegally bet on sporting event outcomes. The list of companies with ownership stakes in DraftKings and FanDuel are...

The state of Nevada has ruled that daily fantasy sports is gambling and is therefore illegal to operate in the state without a license. The ruling is the first major post-scandal regulatory blow for FanDuel and DraftKings. With several investigations ongoing, the full extent of the regulatory...

New York Attorney General Eric Schneiderman has opened a probe of daily fantasy sports sites DraftKings and FanDuel. In response, sponsors – including MLB and ESPN – have begun to distance themselves from the two sites. It’s too early in the investigation process to predict what...

Fantasy sports has become a billion-dollar industry as players create fictional teams using their favorite players. Every sport from golf to football has a fantasy league in which players spend money to join tournaments and compete against fellow enthusiasts. As fantasy gaming picks up speed,...

With the NFL season kicking off this month and the MLB season winding down, September is a big month for fantasy sports. But while fantasy sports is all fun and games, Morgan Stanley analyst Brian Nowak believes Yahoo! Inc. (NASDAQ: YHOO)’s entry into the daily fantasy sports market could...

Fantasy sports groups may seem like a little more than a silly pastime for fraternity brothers, but the reality is that the growing popularity of sites that facilitate such games has become a booming business. The fantasy sporting arena offers companies a new way to advertise, as well as creating a...