Lawsuit filed against Underdog Fantasy, PrizePicks, and Yahoo Fantasy Sports alleging they generate $10 million per month from prop and pick ‘em bets.
Lawsuit filed against Underdog Fantasy, PrizePicks, and Yahoo Fantasy Sports alleging they generate more than $10 million per month from prop and pick ‘em bets.A lawsuit was filed last week against Underdog Fantasy, PrizePicks, and Yahoo Fantasy Sports, alleging that the companies are operating as Daily Fantasy Sports platforms in Massachusetts, while offering and accepting illegal sports bets. , claims that the operators generate more than $10 million per month from prop and pick ‘em bets.
Bettors have three months to join Curran in seeking to reclaim their funds. Any unclaimed funds would go to charity. The lawsuit against PrizePicks, Underdog Fantasy, and Yahoo Fantasy Sports highlights a persistent gray area: when do DFS contests become illegal sports betting? Pick'em-style games – where users make predictions about player performances, similar to prop bets – sit at the heart of this debate. Unlike traditional DFS contests, where participants compete against each other, these newer formats often involve playing against the house, blurring the line between fantasy sports and gambling.
As part of the agreement with state regulators, PrizePicks and Underdog now only offer free-to-play or peer-to-peer games in MA, in which participants compete against one another instead of the house. With several states cracking down on DFS operators, PrizePicks now offers its Pick’ Em Arena game in 12 states. The company Mia started her journalism career straight out of the University of Leeds in England, where she got her business degree. Her time in Leeds taught her two things: Firstly, the English Premier League has the best soccer in the world. Secondly, when it comes to journalism, you always have to be ahead of the curve and look for the next breaking story and fresh perspective.
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