In the world of Daily Fantasy Sports (DFS), Florida is set to say farewell – at least temporarily – to operators such as Betr, PrizePicks, and Underdog Fantasy. These DFS giants have been instructed to cease operations by the 1st of March. Thanks to the Florida Gaming Control Commission (FGCC) issuing a second cease and desist letter. PrizePicks has confirmed their imminent departure, albeit while holding onto the hope to return in the future. Discover the latest on the battle between Florida and Prize Picks DFS operators like PrizePicks, Betr, and Underdog Fantasy.
The State Versus Daily Fantasy Sports: Prize Picks Florida
In another episode of the ongoing saga between the state and DFS operators, the FGCC has shown its strict stance against operators perceived to be crossing the line into the territory of sports betting. September marked the commission’s first declaration of war – cease and desist letters were dispatched to the three companies.
FGCC Executive Director Louis Trombetta said, “The Commission received information that the three may be offering or accepting illegal bets or wagers from Prize Picks Florida residents promoting and conducting an illegal lottery.” Not taking any chances, the FGCC has since updated its FAQ page, stating that all fantasy sports are “likely illegal.”
The Industry Fights Back: Coalition for Fantasy Sports – Prize Picks Florida
In the face of regulatory pressure, The Coalition for Fantasy Sports, a trade group representing the companies, has shown commitment to ensuring its member companies remain in the state. Engaging actively with Florida policymakers. The coalition is fighting for the rights of fantasy sports fans to participate in the games of skill they love.
Marching Orders Elsewhere: Prize Picks DFS Operators Under Fire
Florida isn’t alone in its crackdown on Prize Picks DFS operators. The state of Arkansas, describing pick’em games as “player prop bets,” has also sent cease. And desist letters to PrizePicks and Underdog Fantasy.
Moreover, Prize Picks Florida recently experienced another setback with the New York State Gaming Commission (NYSGC) imposing a hefty $15 million penalty for operating without a license. Scathing in its verdict, the NYSGC highlighted that PrizePicks had “violated the law for years.”
A Temporary Goodbye?
While the situation remains complex and uncertain, one thing is clear – DFS operators are under immense scrutiny. The FGCC’s firm stance and the forthcoming departure of major DFS operators mark a pivotal moment in the industry. But with the door left open for potential return. Only time will tell how this saga unfolds in Florida – and nationwide.
