FanDuel is running “two to three days behind” paying out players wishing to withdraw money, a company spokeperson told Reuters Monday.
The new safeguards are aimed to prevent fraud and follow government regulations, according to Fan Duel.
It’s understandable if players experiencing a longer than usual withdraw period could be wondering if it has anything to do with recent developments in the daily fantasy sports world.
"The company is three days behind paying out withdrawals for players who have asked to be paid by check and two days behind for players who have asked to be paid using PayPal, company spokeswoman Justine Sacco said."
New York attorney general Eric Schneiderman last week declared DFS constitutes gambling and sent cease-and-desist notices to prevent them from taking deposits from players within the state. The websites filed separate lawsuits against the attorney general and appealed to New York’s Supreme Court.
Whatever the reason for delay, a headline like this will do little to bolster confidence in the industry. Daily fantasy sports sites have become the target de jour for the public and John Oliver’s writing team.