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DraftKings, FanDuel agree to pay $2,6M to settle probe

From Financial Post

BOSTON — Leading daily fantasy sports companies DraftKings and FanDuel have agreed to pay a total of $2.6 million to resolve an investigation by Massachusetts Attorney General Maura Healey into what she called “alleged unfair and deceptive practices” by the companies that left some participants in the contests inadequately protected.

Healey, a Democrat, says the companies co-operated with the investigation and have since made significant changes to their business models to protect consumers, including protections for minors.

She says the money will be used by the state for consumer protection programs.

Healey says the investigation began before her office drafted regulations governing daily fantasy sports last year. Since then, she says, her office has implemented consumer protection regulations for the industry.

DraftKings is Boston based. FanDuel is headquartered in New York.

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Posted by: administrator ON Tue, September 19, 2017 at 2:04:32 pm MDT    Comments (0)
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