A few weeks ago it seemed nearly hopeless for former players of insolvent daily fantasy sports site FantasyUp. Now turnkey operator iTeam is taking over the site and repaying players.
FantasyUp players are understandably upset with the news last week that FantasyUp had abruptly closed shop and would not be paying players, there may be hope for those that made recent deposits to the site.
Small DFS site FantasyUp has sent a notice to players that they are shutting down on Thursday and do not have the means to pay players. In their statement, FantasyUp cited liquidity issues as well as fallout from recent legal issues with the industry.