Fantasy Sports Company Founders, Former Employees Sue Over Merger

The founders of fantasy sports company FanDuel claim in a suit filed in New York state court Wednesday that its board of directors and private equity firms undervalued the company ahead of merger and intentionally deprived employees and investors of their common shares without compensation. 

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California Takes First Step Toward Legal Sports Betting

In 2018, the U.S. Supreme Court struck down a federal ban on sports gambling in most states. Since that landmark decision, several states have jumped willingly into the sports gambling industry, freed of the traditional views of gambling as morally dubious and hungry for potential large tax windfalls. 

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