DraftKings, FanDuel settle with Bay State for $2.6M

The two heavyweights in the world of daily fantasy sports will pay Massachusetts $2.6 million to settle alleged unfair and deceptive practices prior to the state creating regulations for the burgeoning industry.

Attorney General Maura Healey announced the settlements with Boston-based DraftKings Inc. and New York-based FanDuel Inc. yesterday and indicated that both companies will pay $1.3 million. That money, according to a statement, will be used in “grant programs to protect consumers...

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