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Payment Processor to Stop Working With Daily Fantasy Sports Clients

In perhaps the biggest blow yet to the daily fantasy sports industry, a company that handles payment processing for daily fantasy sports operators notified them this week that it would no longer handle their wagers or payouts and that it was leaving the space altogether.

Vantiv Entertainment Solutions told its daily fantasy clients, which include FanDuel and DraftKings, that it “will suspend all processing for payment transactions” related to daily fantasy sports in the United States and its territories on Feb. 29.

“As you are aware, an increasing number of state attorneys general have determined that daily fantasy sports (‘D.