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FanDuel and DraftKings seeks further business options for their operations in the US market

Athira A

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After months of speculation, an official announcement on Friday confirmed rumors that the FanDuel and DraftKings are joining forces. Photo credits: elitesportsny
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FanDuel, the web-based fantasy sports game, and the second largest daily fantasy sports company and DraftKings,  the daily fantasy sports contest provider are seeking further business options for their operations in the US market.

With the Supreme Court finally revoking the Professional and Amateur Sports Protection Act (PASPA) of 1992 promptly and straightening the path for sports betting legalisation, a sea change can be brought to the US gambling landscape.

However, the USA’s top daily fantasy sports (DFS) operators, FanDuel and DraftKings, are unwilling to wait and are assessing business options.

As per the reports of news website Axios, FanDuel is excogitating  a potential reverse merger with special investment company Platinum Eagle Acquisition Corp. . Though, all talks between companies regarding future financing through private investment have been unsuccessful.

Meanwhile, DraftKings is looking into further options outside the DFS segment and has moved to extend its sports-based services like live streaming of games and match day ticketing through strategic partnerships. Furthermore, as it awaits the ruling on PASPA – and after hiring Sean Hurley as Head of Sportsbook – the company has already advanced its intentions to obtain a sports betting license.

As DraftKings CEO and Co-founder, Jason Robins said that his firm would be ready to engage the US betting market should SCOTUS ruling allow it, the company expects to become competitive in a segment ruled by international operators like William Hill, Betfair and other US giants.

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Daily Fantasy Sports

ZenSports Launches Daily Fantasy Sports Contests

George Miller

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ZenSports Launches Daily Fantasy Sports Contests
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New Daily Fantasy Sports contests will be available in 41 states within the United States, and also internationally.

 ZenSports has been 100% focused on being a mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world without the need for a centralized bookmaker. Now the company is adding Daily Fantasy Sports Contests (DFS) to its suite of product solutions.

ZenSports’ peer-to-peer sports betting marketplace is currently only available outside the United States. However, its new Daily Fantasy Sports Contests product will be available in 41 states throughout the United States. Daily Fantasy Sports has a carve-out exemption at the federal level from the Unlawful Internet Gambling Enforcement Act, and ZenSports will offer its new DFS product in states that have either legalized DFS contests or not explicitly made it illegal.

International residents will also have access to the DFS product. The peer-to-peer sports betting product will continue to be excluded from U.S. residents. ZenSports uses multiple geo-restricting technologies to ensure that only international residents get access to the P2P sports betting features, and that only residents in the aforementioned 41 states have access to its DFS contest features.

According to ZenSports Co-Founder & CEO, Mark Thomas, “When building our new DFS features, we took great pains to ensure that the user experience and design within our app weren’t compromised for international customers that have access to both products. While at the same time, using the technologies available to us to ensure that only international residents get access to our P2P sports betting features, and only U.S. residents in the 41 states get access to the DFS features. We feel good that we’ve balanced both very well.”

ZenSports differentiates itself from other DFS platforms in 2 ways: through the use of its SPORTS utility token for betting/rewards, and its simple fee structure.

SPORTS utility token

The biggest differentiator between ZenSports and other DFS products is that ZenSports has created its own cryptocurrency utility token that is turning out to be one of the first best use cases for cryptocurrencies. Since ZenSports first launched its SPORTS utility token back in July 2019, 100% of all peer-to-peer sports bets have been made through the app using its SPORTS token.

“We expect the use of our SPORTS token to also be at or near 100% for Daily Fantasy Sports contests as well,” says Thomas. “The ease of use, savings, cash-back, bonuses, and other loyalty/rewards benefits that our SPORTS token offers is unparalleled compared to any other product. Plus, our token is portable and can be sent into and out of ZenSports with ease. No other product offers all of these benefits in a payment mechanism and loyalty/rewards program.”

Simple, Rewarding Fee Structure

ZenSports keeps its fee structure simple and low-cost so that customers can always understand what they’re paying and never pay too much. Makers that create DFS contests using Bitcoin or U.S. Dollars will only pay 2% to enter their own contests, and other Takers will only pay 4% to enter such contests. Makers that create DFS contests using SPORTS tokens pay 0% to enter their own contests, and other Takers will only pay 2% to enter such contests using SPORTS tokens.

Other DFS companies and products charge fees on upwards of 15%, which significantly reduces customers’ winnings in those other platforms.

ZenSports is available for download in both the App Store and Play Store, and is headquartered in San Francisco, CA.

 

SOURCE: ZenSports

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Daily Fantasy Sports

NBC Sports Chicago All Set to Air “The Daily Line”

Niji Narayan

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NBC Sports Chicago All Set to Air “The Daily Line”
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NBC Sports Chicago is going to air “The Daily Line” which is a four-hour long talk show dedicated to the topics of sports wagering and daily fantasy sports. The show will be hosted by Michael Jenkins and Tim Murray as well as Sara Perlman, the former sideline reporter for the Baltimore Orioles.

The show is designed to appeal to both the serious sports bettor and to those that may be new to the subject by featuring call-ins from guest experts and regular listeners.

The Daily Line should help to educate potential Chicago sports bettors in the meantime. In the event that there is a scheduling conflict, The Daily Line will be aired on NBC Sports Chicago Plus.

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Daily Fantasy Sports

What Do Four MLB All-Stars, An NBA Team Owner, And A NASCAR Champion Have In Common? Fantasy Sports And The Fantasy Life App

George Miller

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What Do Four MLB All-Stars, An NBA Team Owner, And A NASCAR Champion Have In Common? Fantasy Sports And The Fantasy Life App
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Josh Donaldson, Evan Longoria, Kyle Busch among big name backers moving Fantasy Life App into Series A Funding Round

 Fantasy Life, the growing mobile sports community created to level the playing field for the fantasy sports player and sports bettor, announced today its move into Series A funding with 16 backers. Investors include MLB All-Stars Josh Donaldson, Evan Longoria, David Price and Adam Wainwright, NASCAR’s Kyle Busch, NBA team owner Jesse Itzler, and DFS expert and Millionaire Maker winner Al Zeidenfeld. Early stage investment firms include SK Ventures and Upstage Ventures.

These professional athlete backers are among good company with not only fellow sports investors, but with Fantasy Life co-founder and fantasy sports influencer, ESPN’s Matthew Berry.

“We’re excited to see the momentum from our seed round carrying through to Series A,” said Yasin Abbak, CEO of Fantasy Life. “The fact that we continue to attract investors with large audiences across the worlds of sports and business bodes well for the growth of the Fantasy Life community and product. It’s also a huge compliment that our investors use the app and see the value of the product themselves.”

Fantasy Life provides users with industry leading alerts that beat competitors by up to 15 minutes. Users can also post, poll other players, and chat about sports—and its 4.8/5 star-rating on the app store is a testament to its advantage to those depending on real-time information for sports betting and fantasy leagues.

More on the Fantasy Life alerts and community:

  • “We wanted to create a powerful breaking news engine, combined with an engaged community, to help fantasy sports players and sports bettors alike make faster and more informed decisions,” said Matthew Berry.
  • “It’s an app that wins leagues. I know because I actually use it,” said Evan Longoria. “It’s critical for navigating injuries, suspensions, player usage, trades and everything else that impacts your team. It’s a big advantage if you have it.”
  • “Literally anyone on this app can feel like a football insider because of the super-fast notifications and the great fantasy community always with top-notch advice,” said Josh Donaldson.
  • “I really enjoy the app. I use it mostly for the alerts and for the polls. It’s great because everyone that is into DFS, sports betting or season-long fantasy can get such great feedback and share in the experience together. Not to mention the information I need is quick and constant,” said Kyle Busch.
  • “This is the right product, in the right market, with the right team,” said Jesse Itzler.
  • “Breaking news is key for DFS players but not everyone can sit in front of a computer all day waiting for it to break. The Fantasy Life app makes it easy with super-fast news alerts pushed to mobile to be able to be a winning player and also have a life,” said Al Zeidenfeld.
  • “Fantasy Life fills the need for an active fantasy and betting community, and combines that with the tech to provide the quickest real-time news updates. It’s incredibly useful, to the point where if you don’t have this app, you and your team are at a disadvantage,” said Eric Norlin of SK Ventures.

Become part of the community and download at fantasylifeapp.com.

 

About Fantasy Life:
Fantasy Life is a sports community app where users post, poll, comment, get alerts, compete and chat about fantasy sports, DFS, and sports gambling. It is the fastest growing mobile community app created to level the playing field for the amateur fantasy sports player and sports bettor.

Fantasy Life uniquely combines:

  • Fastest news alerts, providing a real advantage
  • Tools and technologies to make better decisions
  • A knowledgeable community to share and receive advice
  • Backed by an industry-trusted fantasy sports brand
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