Reports- DOJ orders FBI to investigate DraftKings, FanDuel
The daily fantasy sports (DFS) industry is under siege from all quarters. Wednesday the Wall Street Journal, quoting anonymous sources, reported that the U.S. Department of Justice (DOJ) and FBI are investigating DFS operators. Yesterday Nevada gaming regulators declared the activity to be gambling in their state and ordering the operators to stop offering services there without a sports betting license.
The Nevada decision came after regulators there asked the Nevada Attorney General’s office to provide a legal analysis of fantasy sports betting – which the providers claim is a game of skill, and Nevada decided was gambling regardless of the level of skill involved. Before the DOJ can form, and issue a legal opinion,…