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  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    I live in Massachusetts – a state where not only is DFS legal, but recently the AG herself has stated it is legal, and will have regulations. Well, one of my credit cards has blocked Fanduel deposits because it deems it “illegal gambling”. So in other words, they just made this up out of thin air and decided to go with it, thus revoking my right as a citizen of Massachusetts of using my money on something that is legal in Massachusetts.

    I know that processors had pressure on them to stop accepting payments in NY, but that’s that – what the hell does Massachusetts or any other currently legal state have anything to do with it? The credit card company has just made up a rule without ANY logic whatsoever, and now they are violating my civil rights as a good American citizen.

    Citicards is the company by the way, completely ridiculous that they just made this garbage up that goes directly against what is actually legal.

    Another credit card did work just fine, in case anyone was wondering.

  • BobGrinder

    Two words for you people, cash back.

  • tianyihe

    @100rings said...

    @tianyihe… he lives in Mass he said, not NY so to answer your question no. I live in NC and have a lot in my account and have not questioned once taking it out. If I was in NY yes I would but Ryazan said he is not in NY.

    I play in CA and I have been withdrawing as much as I could for the past 3 weeks. I deposited $1400 this week but withdrew $3400 last week. Having experience Black Friday, why would I take any risk when I can redeposit with one click of the mouse for free?

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    in Massachusetts, DFS is 100% legal, so I it is completely unfair that my credit card company is telling me that fanduel is illegal gambling. Just because the prick in NY called it gambling, doesn’t mean that people in other states need to suffer – what is the logic here? Citicards has no right to do this to people in states where DFS is legal.

    And to the several geniuses earlier in this thread who were trying to be funny or sarcastic by somehow insulting me – it’s just not funny and makes you look like losers if anything.

  • bobbyrogers46

    @Ryazan said...

    in Massachusetts, DFS is 100% legal, so I it is completely unfair that my credit card company is telling me that fanduel is illegal gambling. Just because the prick in NY called it gambling, doesn’t mean that people in other states need to suffer – what is the logic here? Citicards has no right to do this to people in states where DFS is legal.

    And to the several geniuses earlier in this thread who were trying to be funny or sarcastic by somehow insulting me – it’s just not funny and makes you look like losers if anything.

    To me, one doesn’t look like a winner if they are using a credit card to deposit. And looking like a winner here has been the goal of some folks in on this topic, that is all I am saying. No names though!

  • scottmsteiner

    @idontluvdemhos said...

    Fanduel banned me b/c I used to live in a state where it is illegal and do not have a driver’s license.

    Do you not have a state ID? I would think that would work.

  • infy72

    @donnybasbl said...

    Not a smart move?

    What % of Citibank’s credit card revenue comes from people making DFS deposits? It’s too small to even be considered a rounding error for them.

    Any move a bank makes that could potentially drive customers to another bank is a bad move.

  • DavidK44

    Citibank has absolutely the right to do this. They are allowed to refuse your business for any reason other than because of your race, gender, religion and a few other protected classes. Daily Fantasy Player is not one of them.

    They are a private business. DFS could be legal in all 50 states and they could still decide that they, as a company , believe DFS is illegal gambling. They would be dead wrong, but there’s no constitutional right to deal with only reasonable corporations who don’t make bad factual conclusions.

    Don’t like it? Switch credit card companies. That’s how the free market works. You don’t like a company’s policies, switch to a rival company. I would figure this board would be one of the first places to support that position.

    We don’t want government regulation in DFS. Why are you demand for government regulation in the credit card business (namely, that the government demand Citibank recognize that DFS is a legal activity in many states and thus process deposits on credit cards they are the controlling bank for in those states).

  • tgowen

    • Blogger of the Month

    @infy72 said...

    Any move a bank makes that could potentially drive customers to another bank is a bad move.

    The amount of people that would be willing to leave their bank simply because they can’t use their card to deposit on a DFS site is so small it would be categorized below insignificant.

    DFS is a very popular game, but don’t confuse that with influential in terms of the life choices most of the players make.

  • bluestooges

    Very interesting…… take a look at the biggest investors in Citi……then take a look at Vanguard group and then google them and Casino/gambling interests.. Long story short it looks like Vanguard has an interest in Casinos/online gambling and just happens to be one of Citi’s biggest investors. Nice to see them conveniently trying to make it hard for fanduel and probably other DFS sites to make transactions. I hope Fanduel sues them!!!!

  • JaNelson38

    @Ryazan said...

    in Massachusetts, DFS is 100% legal, so I it is completely unfair that my credit card company is telling me that fanduel is illegal gambling. Just because the prick in NY called it gambling, doesn’t mean that people in other states need to suffer – what is the logic here? Citicards has no right to do this to people in states where DFS is legal.

    And to the several geniuses earlier in this thread who were trying to be funny or sarcastic by somehow insulting me – it’s just not funny and makes you look like losers if anything.

    I know you’re upset, and maybe rightly so, but the fact is that your credit card company can decline a purchase for just about any reason, regardless of where you are or what you are purchasing. As others have pointed out, there are plenty of other ways to deposit if your credit card doesnt work…like simply linking your bank account to PayPal.

    Keep in mind that when you use a credit card, you AREN’T making the purchase, the bank that has your card is. They have the right to decline a purchase if they want to.

  • tianyihe

    @bluestooges said...

    Very interesting…… take a look at the biggest investors in Citi……then take a look at Vanguard group and then google them and Casino/gambling interests.. Long story short it looks like Vanguard has an interest in Casinos/online gambling and just happens to be one of Citi’s biggest investors. Nice to see them conveniently trying to make it hard for fanduel and probably other DFS sites to make transactions. I hope Fanduel sues them!!!!

    This is awful. You can find hundreds of funds that have money in both Citi and companies like Las Vegas sands.

  • dude_abides7

    @Ryazan said...

    Citicards has no right to do this to people in states where DFS is legal.

    They have every right to do this. It is not your money you are using with the CC, it is theirs via the form of credit. And you agreed to this when you signed on the bottom line prior to opening the account.

    Civil rights? Really? Yeah…I wouldn’t be holding my breath for a call from Al Sharpton anytime soon. Laughable.

  • bluestooges

    @tianyihe said...

    This is retarded. You can find hundreds of funds that have money in both Citi and companies like Las Vegas sands.

    true like any large multi billion dollar company, but not every company is one of the largest stake holders in a CC company and has large special interest in an industry that hates DFS. I don’t think I am “ retarted “ in my thinking. It is just an opinion but it makes sense to me to why they are trying to make it difficult. They didn’t just make a decision on this and not take advise from someone who owns over 7% of the shares.

  • bluestooges

    @tianyihe said...

    This is retarded. You can find hundreds of funds that have money in both Citi and companies like Las Vegas sands.

    Just to follow up and not to cause an argument. Why wouldn’t a company that has had major issues in the past over gambling not be in the corner of lets not be involved? Vanguard has had many issues and lawsuits of their own with online gambling that it would only make sense that they are more sensitive to the subject and would lean towards distancing themselves.

  • zachlowry

    Man, people borrow money to play DFS?? No wonder the govt is trying to protect us from ourselves….

  • stoptheinsanity

    @Ryazan said...

    So in other words, they just made this up out of thin air and decided to go with it, thus revoking my right as a citizen of Massachusetts of using my money on something that is legal in Massachusetts.

    I think the key thing here is that you are referring to it as your money. If that is what you believe than I completely understand your concern. You should be able to do whatever you want with YOUR money. The problem here is that it is not your money. It is their money. If they don’t want you to borrow it to play DFS than that is their right.

    I have a suggestion.

    BUILD BETTER LINE UPS!!!!!!!

    Then you won’t have to find banks to borrow money from and you can just play with your bankroll. Building better line ups truly is the solution to everything. ;)

  • Unico10

    • 734

      RG Overall Ranking

    @zachlowry said...

    Man, people borrow money to play DFS?? No wonder the govt is trying to protect us from ourselves….

    TO BE FAIR.

    Credit cards are used and abused for many things besides DFS
    Is not where you spend the money, is “can you afford to spend that money”

    The only real protection govt should be doing is to redefine usury rates and make it illegal to charge more than xyz% interest.

    Stepping down and putting away the soap box.
    Sorry for going off topic

  • mannmicj

    @zachlowry said...

    Man, people borrow money to play DFS?? No wonder the govt is trying to protect us from ourselves….

    Yet the GOV doesn’t mind McDonald’s running a contest to win 500K that clearly encourages you to eat more fast food to increase your chances of winning…… Hmm. McDonald’s takes credit cards. So I can put all the disgusting (unhealthy) fast food I want on my credit card to try and win 500K with zero skill involved and the GOV doesn’t care?

    The GOV will also allow beer commercials/ads which encourages drinking that might lead to alcoholism, drinking and driving, domestic violence, etc, etc..

    Follow the $$$$ and you will clearly see why people don’t want DFS to succeed. It has nothing to do with trying to PROTECT the masses from themselves. That’s the biggest BS in the world and we all know it. The BIG money is threaten, so they don’t want DFS to make.

    Let me be clear. I’m not a fan of using your credit card to play DFS, but that is each individuals CHOICE. I’m a fan of letting people have the CHOICE. I choose to NOT use my CC and I choose to manage my money in life. Others do not. Remember, this is the country that bailed out all of people who signed up for loans they could never pay for. Bailed out home loans and college debt. We are a country of debt, our people and our GOV. This country is filled with people who make poor decisions, can’t save them all or even a majority of them. It’s their CHOICE.

  • zachlowry

    @mannmicj said...

    Yet the GOV doesn’t mind McDonald’s running a contest to win 500K that clearly encourages you to eat more fast food to increase your chances of winning…… Hmm. McDonald’s takes credit cards. So I can put all the disgusting (unhealthy) fast food I want on my credit card to try and win 500K with zero skill involved and the GOV doesn’t care?

    The GOV will also allow beer commercials/ads which encourages drinking that might lead to alcoholism, drinking and driving, domestic violence, etc, etc..

    Follow the $$$$ and you will clearly see why people don’t want DFS to succeed. It has nothing to do with trying to PROTECT the masses from themselves. That’s the biggest BS in the world and we all know it. The BIG money is threaten, so they don’t want DFS to make.

    Let me be clear. I’m not a fan of using your credit card to play DFS, but that is each individuals CHOICE. I’m a fan of letting people have the CHOICE. I choose to NOT use my CC and I choose to manage my money in life. Others do not. Remember, this is the country that bailed out all of people who signed up for loans they could never pay for. Bailed out home loans and college debt. We are a country of debt, our people and our GOV. This country is filled with people who make poor decisions, can’t save them all or even a majority of them. It’s their CHOICE.

    I agree with you 100%. We should take this post down now, so that the DFS haters wont have this as fuel.

    Edit: Posts about using CCs for DFS deposits make us look REALLY bad. just sayin’

  • stoptheinsanity

    @mannmicj said...

    Yet the GOV doesn’t mind McDonald’s running a contest to win 500K that clearly encourages you to eat more fast food to increase your chances of winning…… Hmm. McDonald’s takes credit cards. So I can put all the disgusting (unhealthy) fast food I want on my credit card to try and win 500K with zero skill involved and the GOV doesn’t care?

    I see your point. However McDonalds does not increase prices when running contests. You still get what you paid for even if you don’t win anything. Maybe this is the solution. DK and FD should start mailing all losers a cheeseburger. Mmmmmmmmm…….. Now I’m hungry.

  • mannmicj

    @stoptheinsanity said...

    I see your point. However McDonalds does not increase prices when running contests. You still get what you paid for even if you don’t win anything. Maybe this is the solution. DK and FD should start mailing all losers a cheeseburger. Mmmmmmmmm…….. Now I’m hungry.

    That point is, the GOV says they are trying to protect us, yet allow all of this stuff to go on. You may get the burger you payed for, but you also get the bad health that comes with over consuming their product to try and win. You can also acquire CC debt to do so.

    The same goes for my beer commercial point. You get what you pay for…sure. You also get the other negative impacts.

    I get what I pay for in DFS as well. I get an opportunity to win based on the lineup I CREATE. I also get an opportunity to lose. We are competing.

  • stoptheinsanity

    @mannmicj said...

    That point is, the GOV says they are trying to protect us, yet allow all of this stuff to go on. You may get the burger you payed for, but you also get the bad health that comes with over consuming their product to try and win. You can also acquire CC debt to do so.

    I really am having a hard time making a connection between government deciding what food I can eat and playing fantasy sports.

  • Dmurphy104

    • Blogger of the Month

    The credit card companies assign risk to every transaction. I’m sure DFS deposits are probably among the most at risk for a chargeback. They are well within their rights to deny any transaction they want.

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    I can’t believe this is turning into people making dumb ridiculous assumptions about me. No, i don’t borrow money to play DFS – what a horribly thought out statement. I use my 2 credit cards as the primary means of depositing money. After I win, I withdraw to paypal and then it goes straight to my bank. I pay off my credit cards in full weeks before due dates, and then reload on fanduel when necessary. Stop making stupid assumptions that just because I deposit with my CC, that it means im a losing player or that im “borrowing” money to play – the lack of logic is as ridiculous as anything I’ve read in a long time.

    Back on topic – are people still missing my point??

    Citicards has decided that DFS is illegal in states where it is by law legal, and that just isn’t right. THEY ARE TAKING THE DECISION OF THE GOOFBALL NY AG AND APPLYING IT STATES WHERE DFS IS INDEED LEGAL. They just made it up as they go along, just one day magically Fanduel deposits are illegal gambling in states where DFS is legal – you can’t just make up the rules as you go along that screws customers out of their purchases.

    That means there are no rules, and even though the LAW says one thing (DFS is 100% legal and good to play in 43 states), we are still randomly not allowed to deposit legal funds for it simply because an illegal assumption is made by the credit card company. Completely. Ridiculous.

  • atfrost

    • Blogger of the Month

    @zachlowry said...

    I agree with you 100%. We should take this post down now, so that the DFS haters wont have this as fuel.

    Edit: Posts about using CCs for DFS deposits make us look REALLY bad. just sayin’

    That’s ridiculous. Whenever I have made deposits into DFS sites in the past I have always used my credit card. I get 1% cashback on every purchase so if I deposit $1,000, I get $10 in cash back. So essentially I deposited $990 and got $1,000. Then i simply just pay off that amount in full using my checking account on the same day. No, that’s not a significant difference, but its better than using paypal or a debit card in which i wouldn’t have gotten anything back at all.

    And the fact that hes depositing doesn’t reflect his skill. Some people put money into DFS sites on a monthly basis because if youre a very skilled cash game player, you’ll see a much better ROI with your money in the short term than you would in a savings account or an investment account.

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