FanDuel to resume operations in New york city after law change
4 August 2016
A Scottish tech firm is to resume its daily fantasy sports operations in New york city, after an expense legalising the yohaig code activity was signed into law.
FanDuel had to stop operating in the state in November after regulators ruled fantasy sports companies' activities amounted to unlawful betting.
The business also faced legal obstacles in a variety of other states.
FanDuel later on alerted it might not have the ability to continue as a going issue due to legal obstacles in the US.
However, because January eight US states have actually passed laws "clarifying the legality" of fantasy sports, according to the yohaig code company.
FanDuel, which was established in Edinburgh in 2009, claims six million registered users throughout the US and Canada. New York is among its greatest markets.
Its technology platform enables sports fans to select dream groups from genuine gamers, and follow their efficiencies.
'On death watch'
Chief executive Nigel Eccles welcomed the New york city legislation, saying that sports fans in the state had actually sent more than 110,000 letters and made almost 3,000 calls to lawmakers backing FanDuel's case.
He said: "Last fall, in the middle of nationwide controversy, some experts put fantasy sports on death watch.
"But when the calendar turned to 2016 and dream sports fans had the opportunity to be heard and lawmakers had the opportunity to act, the vibrant quickly moved, and one by one states started to recognise this promotion code is a game liked by millions - millions who need to be able to play and should have the standard securities managed to customers in all major markets."
Earlier today, FanDuel released its first item in the UK - a new one-day fantasy football platform concentrating on the English Premier League.
The move came after it struck a collaboration deal with sports data supplier Opta.
