FanDuel, DraftKings Bet on Big Law Amid Sports Gambling Surge

FanDuel Inc. and DraftKings Inc., two arch rivals in daily fantasy sports, are turning to large law firms to bolster in-house legal and compliance staffs as they embrace regulatory changes paving the way for the expansion of their businesses.

FanDuel elevated Carolyn Renzin to chief risk and compliance officer in January, a little more than a year after the former assistant general counsel at JPMorgan Chase & Co. joined the company as vice president of legal, regulatory, and compliance.

DraftKings announced Feb. 16 its promotion of vice president of compliance and risk Jennifer Aguiar to chief compliance officer. Aguiar, ...