No more March Madness: DraftKings and FanDuel have agreed to suspend the offering of DFS contests on NCAA games.
While the 2016 Men’s NCAA nationwide Championship finished in spellbinding drama last night and Kris Jenkins’ sizzling, match-winning shot in the final micro-second for the blew our tiny little minds, this is certainly probably the a year ago ever that fans should be able to ramp the enjoyment up of March Madness through DFS contests.
Both DraftKings and FanDuel have voluntarily agreed this week to close the drafts on college-level and amateur sports. This follows just what a FanDuel spokesperson referred to as ‘months of productive conversations’ with the NCAA, along with state legislators, during which both organizations heard their issues about the effect of dream activities on college-level and athletics that are amateur.
Both Indiana and Virginia, which in 2010 became the first states to regulate DFS in the usa, included provisions within their legislation that the contests must not be based on university competitions.
‘It is obvious that this is an issue that matters to a number of constituencies and we feel that the path that is best forward is to suspend offering these contests pending resolution on the issue within state legislatures,’ stated FanDuel.
‘We supported all of these efforts, and going forward we shall earnestly support bills containing the same provisio [Read more…]