Vela Wood has one of the deepest fantasy sports and gaming practices of any boutique in the country. We provided early counsel to PrizePicks, Sleeper, and Underdog, and today we represent dozens of daily fantasy and fantasy sports operators nationwide. This is a specialized, fast-moving area of law, and few firms have our depth of experience in it.
We advise operators on the federal and state law governing fantasy sports and sports wagering, including licensing, registration, and the approval processes required to operate legally in each jurisdiction. We regularly guide clients through payment processing approval across the country, and we issue legal opinions on the questions operators and their partners need answered before they can move. For institutional clients investing in the space, we bring that same industry knowledge to diligence and investment review.
We also stay at the front of where this industry is heading. VW Partner Kevin Vela publishes a widely read Substack tracking the regulatory and business developments shaping fantasy sports and gaming, our Texas Gaming Update newsletter covers local Texas developments, and our deal compilations and state-by-state legislation trackers keep clients ahead of the industry’s constant regulatory change. You can explore all of these resources, and more, below.
Select Transactions
- Represented a fantasy sports operator through over $4,500,000 in funding
- Represented a Dallas-based sports betting service provider in over $4,000,000 in funding
- Represented a Dallas-based consumer products company in a $1,500,000 equity financing round
