The Presidential Daily Brief

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  1. DraftKings

    Feds Investigate Daily Fantasy Sports Business

    Care to wager? The FBI and U.S. Department of Justice are looking into the practices of DraftKings, a popular fantasy sports league operator, to determine whether its business model constitutes illegal gambling. DraftKings and similar companies, which see hundreds of millions of dollars in venture capital and player money flow through their industry, contend that they run games of skill and therefore don’t fall under federal gambling restrictions. With more investigations underway in New York and Florida, the odds are uncertain whether paid fantasy sports leagues are a safe bet.

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