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NFL teams may cut ties to fantasy sites amid inquiries.
http://www.bostonglobe.com/business/2015/10/21/nfl-teams-may-cut-ties-draftkings-fanduel-states-call-fantasy-sports-illegal/3WCe29Bem6wczw7lhBDvVI/story.html?event=event25(snip)
. . .DraftKings and FanDuel have been forced to cancel VIP events in Las Vegas, after Nevada gambling regulators ruled last week that the companies’ contests are a form of gambling that require a state license to operate.
The firms are also facing the prospect of losing NFL sponsorships if states evaluating the legality of fantasy sports cash games determine they violate gambling laws. . .
(snip)
Twenty-nine of the NFL’s 32 clubs have advertising contracts with fantasy sports operators. DraftKings has deals with 12, FanDuel has 16, and Yahoo! Inc. has one.
The three teams that do not have fantasy deals — the Seattle Seahawks, New Orleans Saints, and Arizona Cardinals — are based in states where the contests are illegal. All three teams said state laws are the reason why they have not signed on with fantasy sports firms.
(snip)
