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Comments

  • healeymr

    Looks like another problem in NY. Citibank is now blocking CC transactions to FD and DK for BY customers.

    http://www.nytimes.com/2016/02/06/sports/fantasy-sports-draftkings-fanduel.html

    There was a thought when this started that DFS was too big and too popular for the government to shut it down. Looks like everyone who said that was incredibly naive. Further, I can’t help but think that the major players contributed to these problems through a series of bad choices. Without the overt arrogance combined with a refusal to realize that regulation was coming, this situation might have been controlled.

  • BBROCK

    • 775

      RG Overall Ranking

    • Ranked #6

      RG Tiered Ranking

    Well if you are with Citibank then you need to complain to them!

  • MrFantasy

    Other people from outside NY reported issues with Citi Credit Cards so I don’t think this is a NY only issue but rather an issue with CitiBank

  • PJGuin23

    DFS Tax Guru

    Hope Capital One and PayPal aren’t next.

  • MrWorldwide

    I have a Credit Card with Citigroup that I never use. This is a perfect time for me to call and cancel.

  • jackofalltrades

    Yep Worldwide – if they don’t want to business with DFS, don’t do business with them . . .

  • Olhausen

    @healeymr said...

    Looks like another problem in NY. Citibank is now blocking CC transactions to FD and DK for BY customers.

    http://www.nytimes.com/2016/02/06/sports/fantasy-sports-draftkings-fanduel.html

    There was a thought when this started that DFS was too big and too popular for the government to shut it down. Looks like everyone who said that was incredibly naive. Further, I can’t help but think that the major players contributed to these problems through a series of bad choices. Without the overt arrogance combined with a refusal to realize that regulation was coming, this situation might have been controlled.

    There’s been 9 million posts just like yours and it’s getting old. Why not just mention that Citibank is blocking transactions and leave it at that.

  • KindGuy

    What ever happened to the land of the free? Let us spend our money how WE want to. Citibank must be worried about the legality I guess.

    Hope they lose a ton of business ……

  • TheRyanFlaherty

    Anything like this obviously blows, but I’d imagine they have legitimate reasons. We’ve seen ridiculous lawsuits popping up and heard the anti-DFS narrative, I’m going to work on the assumption that a move like this is based in large part to there being an insane number of chargebacks (and claims of the like) and b.s. they have to deal with on their end.

    You and I wouldn’t do it, but I guarantee there are people with problems that deposit money, join a 50/50 hope to win, but then if they lose proceed to try to find a way to get their money back…and again, with the narrative in the main-stream media, any claims of being “ripped off” by a DFS site sadly will seem legitimate to many.

    Or it doesn’t even have to be as nefarious…I’m sure they have quite a few people that kept re-depositing (as this time they’ll hit it big and make up for the losses) max out their card and then not make payments.

    I can see how it’s tricky on their end. You can’t go into a 7-11 and purchase lotto tickets with your credit card, and there’s a reason for that. I’d argue as loud as anyone that DFS success is based most on skill, and is more equitable with the stock market than traditional forms of gambling, but it’s still something where you would offer the advice, “Only play what you can afford to lose”. Credit Cards allow certain individuals to circumvent that, and this is just another instance where the problems of a minority ruin it for the majority….and without clear acceptance of legality on the state or federal level, It’s easy to see why the card companies would look to protect themselves from any elevated risk.

  • electrichaz3

    Its amusing to me when banks do this. No problem, another bank will take your cookies gfy.

  • 00oreo00

    • x3

      2015 DraftKings FFWC Finalist

    • x5

      2014 DraftKings FBWC Finalist

    Just used my Citi card to make a Fanduel deposit from California. Hopefully, they don’t drop all of the states.

  • MrFantasy

    @TheRyanFlaherty said...

    I’m sure they have quite a few people that kept re-depositing (as this time they’ll hit it big and make up for the losses) max out their card and then not make payments.

    Well if they do end up hitting big the sites will reimburse the credit card before paying out Paypal/Check.

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