News From The Sports Scene

DraftKings Conferred a Malta Gaming License

DraftKings Conferred a Malta Gaming License

Daily fantasy sports contest provider DraftKings has been approved for a Controlled Skill Games License from the Malta Gaming Authority. The permit allows the company to operate in any European Union country which does not require a local gaming license.

DraftKings acts as an intermediary between fantasy sports sites and players who can win money based on their predictions of contest results. The company has already provoked some controversy in the USA where games of skill are clearly differentiated from gambling, and has required a gambling license in order to be allowed to operate in the UK.

In an interview for the Wall Street Journal, DraftKing Chief International Officer Jeffrey Haas expressed hope that the company will set up its operations in Germany by the end of March, highlighting the country’s enduring popularity of fantasy sports activities.

Last November, DraftKing and FanDuel agreed to merge in a move to form the largest company in the fantasy sports industry. The merger is pending approval from regulators.

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