DraftKings, FanDuel to stop offering fantasy contests on college sports

Daily fantasy sports operators DraftKings and FanDuel have continued their newfound bid for respectability by agreeing to “voluntarily and indefinitely” stop offering fantasy contests on college sports events.

The news, initially reported by ESPN’s David Purdum, comes after months of negotiations between the DFS operators and the NCAA, the group currently earning mad TV cash thanks to US sports bettors’ interest in the annual March Madness basketball tourney.

The NCAA has long expressed dismay about DFS operators – anyone besides the NCAA, actually – exploiting college athletes by making money off NCAA events. Accordingly, NCAA president Mark Emmert issued a statement saying his group would continue to work with state governments to ensure that any pro-DFS legislation under consideration carried similar college carveouts.

Cynics will note that the new college prohibition doesn’t take effect until after Monday’s March Madness final, thus allowing the DFS operators one last chance to store some fat until the next NFL season kicks off in the fall.