No more March Madness: DraftKings and FanDuel have agreed to suspend the offering of DFS contests on NCAA games.
As the 2016 Men’s NCAA nationwide Championship ended in spellbinding drama yesterday evening and Kris Jenkins’ sizzling, match-winning shot in the final micro-second of the blew our tiny small minds, that is probably the last year 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 sports that are amateur. This follows just what a FanDuel spokesperson described as ‘months of productive conversations’ with the NCAA, also state legislators, during which both businesses heard their concerns about the effect of dream sports on college-level and amateur athletics.
Both Indiana and Virginia, which this year became the first states to regulate DFS in the US, included provisions in their legislation that the contests must not be based on university competitions.
‘It is clear 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 quality on the problem within state legislatures,’ stated FanDuel.
‘We supported all of these efforts, and going ahead we’ll actively help bills containing the provisions that are same. We are pleased that we ca Continue Reading