Vantiv Entertainment Solutions Won’t Process Payments for FanDuel, DraftKings

January 29, 2016   ·   Tim Daniels   ·   Jump to comments

Vantiv Entertainment Solutions, which has worked closely with the daily fantasy sports industry to handle payment processing, alerted its clients, including FanDuel and DraftKings, this week that it plans to stop providing services at the end of February.
Joe Drape of the New York Times passed along the news, describing it as "perhaps the biggest blow yet to daily fantasy sports."  
The New York Times obtained a letter sent by Vantiv's Jonathan Ellman that explained the company's decision to remove itself from the DFS industry:
As you are aware, an increasing number of state attorneys general have determined that daily fantasy sports ('D.F.S.') constitute illegal gambling. Although in recent weeks D.F.S. operators have raised numerous arguments to the contrary, to date those arguments have been unsuccessful and/or rejected.
David Boies, Counsel to DraftKings and Chairman, Boies, Schiller & Flexner LLP provided a statement on his client's behalf:
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