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Visa and MasterCard sued over processing fantasy sports payments

Nov. 20, 2015 1:52 PM ETVisa Inc. (V) StockMA, VBy: Clark Schultz, SA News Editor37 Comments
  • Visa (V +0.1%) and MasterCard (MA +0.6%) are two of the targets of a class action lawsuit filed on behalf of fantasy sports consumers in the U.S.
  • The sweeping lawsuit alleges the two payments companies, American Express, and a long list of banks owe funds back to players since they were all aware of the "illegal" operations of DraftKings and FanDuel.
  • Attorneys in the action are leaning on racketeering law to make their claim for damages.

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