No more March Madness: DraftKings and FanDuel have agreed to suspend the offering of DFS contests on NCAA games.
Whilst the 2016 Men’s NCAA National Championship finished in spellbinding drama yesterday evening and Kris Jenkins’ sizzling, match-winning shot in the ultimate micro-second regarding the blew our tiny small minds, this really is probably the last year ever that fans will be able to ramp up the enjoyment 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 exactly what a FanDuel spokesperson called ‘months of productive conversations’ with the NCAA, as well as state legislators, during which both companies heard their issues about the impact of dream activities on college-level and amateur athletics.
Both Indiana and Virginia, which this season became the first states to regulate DFS in america, included provisions in their legislation that the contests ought not to be based on college 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 regarding the problem within state legislatures,’ said FanDuel.
‘We supported all of these efforts, and going ahead we’ll earnestly help bills containing the same provisions. Continue reading