FantasyHub “temporarily” suspends operations; VividSports4Money launches

Daily fantasy sports operator FantasyHub has “temporarily suspended operations,” leaving its customers unclear of the fate of their account balances.

This week, a thread opened on the RotoGrinders forum in which a player reported difficulty in getting movement on his FantasyHub withdrawal request. Other players soon chimed in, citing similar problems with the Austin, Texas-based site that launched in 2014.

On Friday, FantasyHub’s site ceased all functionality, instead displaying a banner declaring that its owners were conducting “discussions with a strategic 3rd party regarding the future of FantasyHub and its players.” An email sent to FantasyHub players said the company couldn’t divulge any further details of these discussions “due to advice from counsel.”

The closure marks the second DFS site to shut down in as many months, following FantasyUp’s mid-January implosion. FantasyUp was subsequently bailed out by the iTEAM Network, which pledged to honor FantasyUp’s financial obligations to its players.