UPDATE: FANTAZZLE plans to restore player funds per an early morning email sent out to all players whose funds are currently locked on the site.
This is great news for all players that have money tied up on the site. The fact that we are hearing anything at all this soon is a great sign. It was just a few weeks ago that another email was sent out saying stay tuned for more information regarding the Fantazzle plans to restore player funds. If you remember online poker’s Black Friday you will know that in desperate times it’s often the site’s best play to say nothing!
Daily fantasy sports is growing at a unprecedented rate, and while it seems like a great thing for players, we foresaw this exact occurrence happening. Former author RotoUpdates wrote a post about it which you can read here. History clearly reveals that situations like this can and will happen, and it is up to you the player to pick and choose the sites you trust your money with. We only align DFR with sites we feel are 100% legitimate and fully capable of cashing out your funds in a timely manner. If you are having issues with any site, or feel that we should take another look at some of the newer sites on the market, feel free to leave a comment below and we will conduct our due diligence.
We are eagerly looking forward to seeing what comes next with the Fantazzle plans to restore player funds, and also in finding out who the white knight in this dark chapter for daily fantasy sports is. It was not long ago that FanThrowdown parent company MGT Investment Capital came in and rescued player funds at DailyJoust. DailyJoust was in dire need of a bailout, and MGT was there to make sure ALL DailyJoust player funds were safe. They were also instrumental in keeping the big fantasy baseball contest running, something players in the event were extremely grateful about.