GetPicks Raises $3 Million for U.S. Expansion of Social DFS Platform
The Atlanta company says it has surpassed 35,000 users in 21 states since its June launch
The Atlanta company says it has surpassed 35,000 users in 21 states since its June launch
The disruption before Week 1 lineup lock left some players unable to access contests or replace inactive selections.
The company said it had to choose between fantasy contests and a CFTC-regulated prediction-market business, then sued five states over efforts to stop its contracts.
Another report put total consideration at up to about $1.3 billion, including the upfront value and an earn-out.
Charles Breyer said the plaintiffs likely have standing and that an injunction could be next.
The affiliate is adding a U.S. market lead and a second specialist as it builds out coverage in sports betting, DFS and prediction markets.
Betr, PrizePicks, and Underdog Sports each received a cease and desist letter from the Florida Gaming Control Commission (FGCC) earlier this month.
The CLC wants its next partner operator to launch DFS within a year of offering sports betting. But it will have to pick from a short list of sports-only operators.
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