Nevada to fantasy sports sites: Get a gambling license or get out
Nevada regulators ordered daily fantasy sports sites like DraftKings and FanDuel to shut down Thursday, saying they can’t operate in the state without a gambling license.
The decision comes amid growing backlash by investigators and regulators over the sites, which have grown in popularity in the past year.
See also: DraftKings scandal grows with federal investigation for online gambling
Participants on the sites can compete in games involving NFL or college players, paying an entry fee that goes into a larger pool. Then they try to assemble teams that earn the most points based on real-life stats in a given period of time with a certain percentage of top finishers earning a payout. …