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FanDuel to resume operations in New York after law change

4 August 2016

A Scottish tech firm is to resume its day-to-day fantasy sports operations in New York, after an expense legalising the activity was signed into law.

FanDuel had to stop running in the state in November after regulators ruled fantasy sports firms' activities totaled up to illegal gambling.

The company likewise faced legal difficulties in a number of other states.

FanDuel later on warned it may not have the ability to continue as a going concern due to legal obstacles in the US.

However, given that January eight US states have actually passed laws "clarifying the legality" of dream sports, according to the company.

FanDuel, which was established in Edinburgh in 2009, lays claim to six million registered users throughout the yohaig code US and Canada. New York is among its greatest markets.

Its technology platform enables sports fans to pick dream teams from genuine gamers, and follow their efficiencies.

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Chief executive Nigel Eccles welcomed the New York legislation, stating that sports fans in the state had sent out more than 110,000 letters and made nearly 3,000 calls to lawmakers backing FanDuel's case.

He said: "Last fall, in the yohaig code middle of national controversy, some experts put fantasy sports on death watch.

"But when the calendar turned to 2016 and fantasy sports fans had the opportunity to be heard and legislators had the opportunity to act, the vibrant quickly moved, and one by one states started to identify this promotion code is a game enjoyed by millions - millions who must be able to play and should have the basic defenses afforded to consumers in all major industries."

Earlier today, FanDuel introduced its first product in the UK - a brand-new one-day fantasy football platform focusing on the English Premier League.

The move came after it struck a collaboration deal with sports data company Opta.