FanDuel’s “Dollar for Dollar” Match
November 2014: A class-action lawsuit was filed against FanDuel, a fantasy sports website that requires players to set up an account and pay fees to play. According to the complaint, FanDuel misleadingly advertises that it will match a new member’s initial deposit of up to $200 into his or her account (i.e., if a new member’s initial deposit is $200, FanDuel will match that deposit with a bonus of $200 and the new member will have $400 in the account) without adequately disclosing that it is not a “dollar for dollar” match and is based on a formula that requires, among other things, members to invest 2500% over the initial investment. (Carroll et al v. FanDuel, Inc., Case No. 14-cv-24431, S. D. FL.).
When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled.