Delaware puts an end to fantasy sports betting
The Delaware Department of Justice is making it clear to popular fantasy sports betting companies FanDuel, DraftKings and Yahoo! they are not allowed to operate in the state if they offer cash awards.
Online fantasy sports betting is not permitted under Delaware law and players are not legally allowed to win monetary prizes, according to the DOJ.
State regulators were notified of this fact in March and shared the information with these companies.
"The Department initially refrained from taking formal action because certain online fantasy sports companies indicated that a change in Delaware law would be proposed in the state legislature," a statement from Attorney General Matt Denn's office said. "However, with the General Assembly’s session expiring on June 30 and no such changes in the law having occurred, DOJ sent formal notices to the companies Thursday."
Read more: http://www.delawareonline.com/story/news/local/2016/07/08/delaware-puts-end-fantasy-sports-betting/86870566/
