Financial

Financial News

Essentially mutual funds for sports bettors, the law makes it legal for the state’s sports books to accept bets from investor groups that have been set up for the sole purpose of placing racing and sports wagers. PGRI Note: Is this the best long-term strategy for the development of sports-betting? How is the recreational sports-better supposed to compete with the sophisticated data-driven analytics being applied by these professionals? I know where I’d place my bet. Or maybe just not bother to bet at all with the odds stacked against me.

Financial News

“We are aware of Vantiv’s recent decision to discontinue processing payments for Daily Fantasy Sports services,” PayPal spokeswoman Martha Cass said in a statement. “We continue to review and consider ongoing developments in relation to daily fantasy sports.” “Vantiv remains firmly committed to the online gaming and fantasy gaming segments,” the Vantiv letter said. “As payments experts in the online gaming space, Vantiv will continue to work with stakeholders for a long-term solution to the ongoing D.F.S. controversy. When there is better clarity and long-term certainty around the regulatory and judicial landscape related to D.F.S., Vantiv may decide to resume processing these types of payment transactions.”

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