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Report: Daily fantasy sports losing major payment processor

1 year 5 months 3 weeks ago Saturday, January 30 2016 Jan 30, 2016 January 30, 2016 1:40 PM January 30, 2016 in News
Source: Associated Press
By: APnewsNow

NEW YORK - A newspaper reports that an Ohio company that processes payments for daily fantasy sports sites says it will no longer handle their payments and will pull away from the $2 billion industry in February.

FanDuel, DraftKings and other sites have been under assault in recent months as attorneys general in several states find the games illegal. Losing a payment processor would be the latest blow to the businesses because they do not handle players' deposits and withdrawals, instead leaving that to processors.

The New York Times reports Saturday that Vantiv Entertainment Solutions told clients this week that it would "suspend all processing for payment transactions" related to daily fantasy sports in the United States and its territories on Feb. 29.

A Vantiv spokesman didn't return the newspaper's call for comment.

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