DraftKings and FanDuel

June 2022: The Court granted final approval of the settlement agreement.

2021: The parties moved for preliminary approval of a settlement agreement.

2016: Multiple class-action lawsuits filed against DraftKings and FanDuel making numerous allegations, including insider trading, illegal gambling, and false advertising allegations, have been transferred to a Massachusetts court to be heard together. The false advertising allegations claim that DraftKings deceptively promises to match up to $600 of a new player’s initial deposit when, according to the complaint, DraftKings only matches the initial deposit if the player pays thousands of dollars in additional entry fees within a four-month period. (In Re: Daily Fantasy Sports Marketing and Sales Practices Litigation, Case No. 2677, United States Judicial Panel on Multidistrict Litigation)

For more information about the marketing of fantasy sports contests and TINA.org’s coverage of them, click here.