US lawsuit against FanDuel and gambling rivals is thrown out
A US court dismissed a lawsuit against FanDuel, DraftKings, and Caesars Sportsbook, which sought to recoup gambling losses under a 300-year-old law.Summary
A US court has dismissed a case brought against several gambling firms, including FanDuel, by DC Gambling Recovery, a limited-liability company attempting to recover losses for gamblers. The lawsuit, filed in Washington DC, argued that the companies violated the Statute of Anne, a 300-year-old law allowing gamblers to recoup losses exceeding $25. DC Gambling Recovery claimed no direct connection to individual gamblers. However, the court sided with the gambling firms and the Washington DC attorney general, who argued that existing legislation legalizing sports gambling had effectively voided the Statute of Anne. Flutter Entertainment, the Irish gambling firm owning FanDuel and Paddy Power, saw its shares slump earlier in the year due to market expectations, but was relieved by the court's decision.
(Source：Independent.ie)