Boom Fantasy Gets Green Light for Paid Contests in New York

Boom Fantasy, a platform for daily fantasy sports, has secured a permit to operate in New York State just before the NFL season kicks off. This authorization enables them to provide paid daily fantasy sports competitions to individuals within the state. Unlike established fantasy sports providers such as FanDuel and DraftKings, Boom Fantasy allows users to swiftly assemble lineups based on user-friendly data points, such as touchdowns and receiving yardage, for an opportunity to win substantial cash awards.

This development follows a prosperous seed funding round in May, where Boom Fantasy garnered over $2 million, empowering them to acquire resources from their rival, Draftpot. Boom Fantasy boasts high-profile backers, including the Founders Fund and several notable personalities from ESPN and Major League Baseball.

Stephen A. Murphy, the head of Boom Fantasy, conveyed his enthusiasm, stating that the company is delighted to present New York fantasy sports enthusiasts with an option to the conventional salary cap competitions. He emphasized that the sector has been anticipating innovation, as the core structure of salary cap contests has remained static for a decade.

The New York gaming authority granted us permission to operate after a thorough and extensive review of our business. They recognized our commitment to following regulations and providing daily fantasy sports that are engaging, innovative, and stand apart from the competition.