While billions of dollars of sports betting continues in the shadowy world of illegal off-shore sports books, the fantasy sports business has been on fire. And as fantasy sports becomes the new hot “thing” online, it has continued to evolve.
Dozens of companies are entering the market to offer everything thing from the increasingly common single day fantasy contests to the stock market-like contest offered by recent arrival.
Throughout the explosion of interest, two companies – FanDuel and Draft Kings have remained the behemoths of the industry.
At least one of these high-flying companies is now experiencing a big dose of reality as it battles a class action suit filed last month in federal court in Miami.