Another One Bites the Dust, AFL Files Bankruptcy

The Arena Football League (AFL) has filed for Chapter 7 bankruptcy in a Delaware bankruptcy court. The AFL filed its bankruptcy petition a little over a month after suspending all local business operations for its remaining six teams.

Since its inception in 1986, there have been as many as 19 AFL teams in a single season. However, the number of teams dramatically decreased following a Chapter 11 reorganization in 2009. That same year, the league rebranded to Arena Football One.

This year, the AFL’s financial …

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NCAA Analyzes the Impact of Legalized Sports Betting

On July 19, 2018, the NCAA announced that it was analyzing the impact of legalized sports betting by creating an internal team of experts. The team of experts would exam the long-term effects of legalized sports betting and its impact on college sports, including its impact on officiating, rules, and the used of integrity services. The NCAA said it remains opposed to legalized sport betting and is focused on protecting student-athletes and the integrity of their events. According to NCAA chief legal officer Donald Remy, …

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Delaware Becomes Number 14 in Legalizing Daily Fantasy Sports

Delaware Governor John Carney signed House Bill 249, making Delaware the latest state to legalize daily fantasy sports. Delaware became the fourteenth state to formally legalize the activity and the fourth state this year. The bill classifies daily fantasy sports as games of skill, rather than gambling, and will take effect before the start of the upcoming football season.

The law attaches several regulations to the online fantasy sports. An operator, such as FanDuel and DraftKings, will have to apply for a license and pay …

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