FanDuel to Resume Operations in New York City After Law Change
FanDuel to resume operations in New york city after law change
4 August 2016
A Scottish tech company is to resume its day-to-day dream sports operations in New york city, after a bill legalising the activity was signed into law.
FanDuel had to stop running in the state in November after regulators ruled dream sports companies' activities totaled up to illegal gaming.
The company also dealt with legal hurdles in a variety of other states.
FanDuel later alerted it might not have the ability to continue as a going concern due to legal barriers in the US.
However, because January 8 US states have passed laws "clarifying the legality" of dream sports, according to the company.
FanDuel, which was founded in Edinburgh in 2009, lays claim to 6 million signed up users across the US and Canada. New york city is among its biggest markets.
Its innovation platform permits sports fans to choose fantasy groups from genuine players, and follow their performances.
'On death watch'
Chief executive Nigel Eccles welcomed the New york city legislation, saying that sports fans in the state had sent out more than 110,000 letters and made almost 3,000 calls to legislators backing FanDuel's case.
He stated: "Last fall, in the middle of nationwide controversy, some experts put dream sports on death watch.
"But when the calendar turned to 2016 and fantasy sports fans had the chance to be heard and lawmakers had the chance to act, the vibrant rapidly shifted, and one by one states started to recognise this is a game enjoyed by millions - millions who should be able to play and deserve the standard defenses afforded to consumers in all significant markets."
Earlier today, FanDuel launched its first item in the UK - a brand-new one-day fantasy football platform concentrating on the English Premier League.