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DraftKings, FanDuel Users Pursue Settlement Talks

April 12, 2018

Source: Law360

Daily fantasy sports players, DraftKingsFanDuel and their payment processors asked a Massachusetts federal court on Tuesday to pause the multidistrict litigation in which the players accuse the companies of operating an illegal online gambling enterprise while the parties pursue settlement talks. An agreement would end allegations that DraftKings and FanDuel falsely advertised for years that their daily fantasy sports products could be won by the average player. The companies spent hundreds of millions of dollars on advertisements portraying average people playing and winning fantasy sports, the players alleged. The CEOs of DraftKings and FanDuel separately admitted on the daily fantasy sports website RotoGrinders that the advertisements were meant to attract new players who would lose to the more experienced players.

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