DraftKings Nabs License For Fantasy Sports In Europe

By Fola Akinnibi (January 30, 2017, 3:41 PM EST) -- DraftKings Inc. said Monday it received a license from Maltese gaming regulators, giving the daily fantasy sports company the right to operate in the island nation and certain other European countries, marking the latest step in the company's expansion efforts.

The daily fantasy sports business has faced scrutiny in the U.S. from lawmakers and citizens who argue that DratKings is not a game of skill and therefore should be treated as gambling. On Monday, the company received from the Malta Gaming Authority a Controlled Skill Games License, which allows DraftKings to operate in both the island nation and in certain other...

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