Bloomberg Law
Jan. 18, 2018, 12:54 PM UTC

Wake Up Call: SCOTUS Could Upend Fantasy Sports Sites

• Online daily fantasy sports companies FanDuel and DraftKings are bracing for upheaval: The U.S. Supreme Court seems poised to lift the federal ban on sports betting, a prohibition that opened the way for daily fantasy sports in the first place. ( Bloomberg )

• St. Louis-based Bryan Cave and British firm Berwin Leighton Paisner have put their merger talks on hold to allow time to assess potential tax complications from the deal. The firms’ plan to go for full integration, rather than a looser Swiss-verein style tie-up, could come with a tax bill of tens of millions of dollars, according to a report. ( American Lawyer ) ...

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