From moving on in to moving on up— launching products and launching parternships, PactSafe has had a tremendous year and we couldn't have done it without your support! While we plan on taking 2016 by full force, let’s first take a second to look back on our noteworthy moments from 2015.
Author: Brian Powers, Founder and CEO of PactSafe, Inc / licensed attorney
© 2015 PactSafe, Inc, All Rights Reserved
By now, you're likely familar with daily fantasy sports powerhouses DraftKings and FanDuel and the controversy surrounding the two in recent weeks. Added capital, wild success, and a relentless advertising blitz helped to raise suspicions about the companies' practices—some of which were confirmed when reports surfaced that employees of the companies were using inside information to win large sums of money playing the games on the competitors’ platform. Since that time, the two companies have been served with a number of lawsuits for fraud, negligence, racketeering, and false advertising, in turn, facing heightened scrutiny from regulators. A federal inquiry is already underway into the industry's practices. Nevada has already demanded the sites become properly licensed in the manner of a sports book. But, the industry's most threatening move might come from the state of New York, where the state's Attorney General has requested an injunction to keep the sites from operating within the Empire State's borders.
Today marks the announcement of PactSafe's partnership with TRUSTe to help companies manage challenges of implementing Model Contract Clauses and remain compliant with EU data protection laws.
From vampires and witches on Halloween to stuffing induced food comas and onward—it seems as the season of holiday spending has snuck up on us once again.