Cash-poor daily fantasy sports operator ScoreStreak “pauses” operations

Daily fantasy sports (DFS) operator ScoreStreak has temporarily ceased operation due to a lack of operating capital.

ScoreStreak launched with great fanfare a year ago but the company disabled registration and real-money play on its website this week. A message posted to the site’s frequently asked questions page said the service was being “paused over the next few weeks” but didn’t offer a more specific timeline on when the site might be back up and running.

Players are barred from making further deposits but can request withdrawals of their account balances. However, withdrawals for non-depositing users will only be processed “once our next round of funding is complete.”

Which brings us to the reason behind ScoreStreak’s ‘pause’. With admirable frankness, the FAQ states: “Simply put, we need to raise more money.” ScoreStreak says that while it has “grown our users and contest entries each month … our expenses are still higher than our revenues.” Without the money to pay technical or support personnel, ScoreStreak says it had little option but to hit the pause button.