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Citigroup blocks fantasy sports transactions in New York
But the release was pushed to early this year, with officials saying the website’s software was still being finalized.
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Players who accrue the most points from any one game weekend have a chance of winning cash prizes.
With sports betting perfectly legal in the United Kingdom, the site is likely to face far less opposition. “If they’re simply competing with established operators for share of the existing customer wallet for sports betting, then they’re facing an impressive challenge”. The company made over $100 million in just entry fees in the state previous year. “People use their brain in order to be successful”, Haas said.
Daily fantasy sports industry in the US received a jolt Friday when Citigroup reportedly said it would begin blocking debit and credit card payments from NY to two of the largest websites in the business – FanDuel and DraftKings.
While the site has proven to be enormously successful in the U.S., and is now valued at more than $1 billion, but worries that it could eventually be regulated out of existence in many USA states where gambling is prohibited, including online poker but not currently fantasy sports, mean that it has been forced to diversify into other markets.
The launch comes with both DraftKings as well as its rival platform FanDuel are facing a fight for legality in the United States.
With 200,000 unique players from North America having taken part in Premier League, UEFA Champions League and MLS daily fantasy football games, DraftKings is officially the biggest DFS football provider in the world.
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The service said it would partner with Arsenal, Liverpool and Watford football clubs to advertise the new service initially, before a potentially wider rollout in August before the start of the 2016/7 Premier League season.