Key Takeaways
- Most recently it was announced that an exclusive advertising deal between DraftKings and ESPN has ended prematurely.
- Hawaii Attorney General Douglas Chin released an opinion that DFS games are illegal under state law.
- On Friday, Citigroup, Globe, announced that it will no longer process financial transactions for daily fantasy sports consumers in New York.
- Payment processor Vantiv announced last week that it was halting DFS transactions altogether.
While it is certainly true that the past four months have been troublesome for daily fantasy sports, if the last week is any indication, the worst may have yet to come.
Fending off negative headlines seems to be the standard operating procedure for DFS companies these days, and they have sure had a lot of practice doing so in the last week.
