The DOJ and FBI probe, which was first reported by the Wall Street Journal, is looking into the business model of these companies. The federal government has the ability to take away an entire brand.”Īt issue is whether DraftKings and FanDuel - which charge customers an entry fee to draft fantasy sports teams to compete against other customers’ fantasy squads for a chance at big prize money - have violated federal laws in any way. “If it was just a state law violation, (the Ironman defendants) would have been looking at maybe 30 days in jail and a fine,” said Marc Dunbar, a partner in the Government Relations Practice Group for the Florida firm, Jones Walker. Attorney’s Office for the Middle District of Florida announced that Ironman had agreed to forfeit over $2.7 million in lottery proceeds to the government after the company illegally charged athletes to enter into a lottery for a chance to compete in the Ironman competition in Hawaii. As for the DOJ and FBI probe, a prominent Florida attorney who has represented many gaming clients said one need look no further than the case against the World Triathlon Corporation (Ironman) to understand the potential impact of a federal inquiry.

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