<link href="css/hmh.css" rel="stylesheet" type="text/css"/> <meta content="urn:uuid:71c94bbb-e18d-4838-a93b-54542a36529d" name="Adept.expected.resource"/> </head> <body> <h1 class="fronttitle allcaps">Timeline</h1> <p class="hang spaceabove2"><em>October 1992:</em> Professional and Amateur Sports Protection Act (PASPA), prohibiting betting outside Nevada, is signed into law</p> <a id="px"/> <p class="hang spaceabove1"><em>October 2006:</em> Unlawful Internet Gambling Enforcement Act (UIGEA), legalizing fantasy sports, is enacted</p> <p class="hang spaceabove1"><em>Summer 2009:</em> FanDuel launches</p> <p class="hang spaceabove1"><em>Spring 2012:</em> DraftKings launches</p> <p class="hang spaceabove1"><em>July 2014:</em> DraftKings acquires DraftStreet</p> <p class="hang spaceabove1"><em>July 2015:</em> DraftKings and FanDuel announce funding rounds that total $575 million</p> <p class="hang spaceabove1"><em>Summer 2015:</em> DraftKings and FanDuel are each valued at over $1 billion</p> <p class="hang spaceabove1"><em>September 2015:</em> DraftKings and FanDuel become largest advertisers in America</p> <p class="hang spaceabove1"><em>October 2015:</em> The FBI and the Department of Justice open probes into daily fantasy sports companies</p> <p class="hang spaceabove1"><em>Winter 2015–Spring 2016:</em> DraftKings and FanDuel are shut down in half a dozen states</p> <p class="hang spaceabove1"><em>August 2016:</em> New York State passes bill legalizing daily fantasy games</p> <p class="hang spaceabove1"><em>June 2017:</em> The Federal Trade Commission blocks proposed merger between DraftKings and FanDuel</p> <p class="hang spaceabove1"><em>May 2018:</em> US Supreme Court strikes down Professional and Amateur Sports Protection Act of 1992</p> </body> </html>