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§ Private Profile · St. Louis, MO, USA
Fantasy sports company providing league management, games, and national contests, including Rotisserie and daily fantasy.
Key people at CDM Fantasy Sports.
Based in St. Louis, Missouri, CDM Fantasy Sports operated as a fantasy sports company providing league management services and national contests across multiple sports. The platform utilized a subscription-based business model, charging users fees such as $9.99 per month for games and up to $55 per team to participate in large-scale salary cap competitions that attracted up to 7,500 teams. The enterprise played a pivotal role in industry advocacy by successfully defending the right of publicity in 2006, a legal victory which protected the broader market from restrictive legislation. Following its initial period of growth, the company was acquired by Fun Technologies before its assets were subsequently purchased by SportsHub Technologies in 2015. CDM Fantasy Sports was founded in the 1990s by Charlie Wiegert, Rich Pike, Mike Oliveto, Larry Cotter, Brian Matthews, and Carol Matthews.
Key people at CDM Fantasy Sports.
# CDM Fantasy Sports: High-Level Overview
CDM Fantasy Sports is a pioneering season-long pay-to-play fantasy sports company that has operated as one of the industry's most trusted brands for over two decades.[4] The company offers fantasy contests across multiple sports—baseball, football, basketball, hockey, golf, and auto racing—playable through various methods including phone and online platforms.[7] CDM serves dedicated fantasy sports enthusiasts who participate in competitive, season-long leagues with entry fees and prize pools, positioning itself in the premium segment of the fantasy sports market rather than the daily fantasy sports space.
The company operates from St. Louis, Missouri,[6] and has built its reputation on customer service excellence and industry leadership. CDM's business model centers on hosting high-stakes, season-long fantasy contests where players pay entry fees to compete, with the company generating revenue through these participation fees and related services.
# Origin Story
CDM Fantasy Sports was founded in 1997 in St. Louis, Missouri, emerging during a critical moment for the fantasy sports industry.[1] The company's founding was catalyzed by pending legislation that threatened to severely limit industry growth. CDM's founders invited competitors—including Sportsline, Prime Sports Interactive, Sports Buff Fantasy Sports, and *The Sporting News*—to collaborate on industry advocacy.[1] This collaborative spirit led to the creation of the Fantasy Sports Trade Association (now the Fantasy Sports & Gaming Association) in 1998, with CDM playing a central role in establishing the industry's first official trade organization.[1]
The company achieved early prominence and became instrumental in defending the fantasy sports industry's legal standing. Most notably, CDM's parent company, CBC Distribution and Marketing Inc., engaged in a landmark lawsuit against Major League Baseball Advanced Media (MLBAM) over player statistics and profile rights—a case described as "a defining moment in the fantasy sports industry."[1] This legal battle established crucial precedent for the industry's right to use player data.
# Core Differentiators
# Role in the Broader Tech Landscape
CDM Fantasy Sports occupies a unique position in the evolution of digital sports entertainment. The company emerged during the internet's early commercialization phase and became a catalyst for industry legitimacy. By founding the Fantasy Sports Trade Association in 1998, CDM helped establish fantasy sports as a recognized industry segment worthy of regulatory clarity and legal protection.[1]
The company's legal battles—particularly the CBC v. MLBAM case—shaped how professional sports leagues and players' associations interact with fantasy sports companies, establishing precedent that protected the industry from restrictive licensing agreements.[1] This influence extended beyond CDM itself, as other leagues watched the outcome to determine their own strategies.
CDM's business model also predates and exists separately from the daily fantasy sports boom that followed the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA).[2] While companies like DraftKings and FanDuel later dominated headlines with daily fantasy offerings, CDM maintained focus on the season-long, high-stakes segment—a more niche but loyal market.
# Quick Take & Future Outlook
CDM Fantasy Sports represents a foundational chapter in digital sports entertainment history. The company's influence extends far beyond its direct revenue—it helped establish the legal, regulatory, and cultural frameworks that allowed fantasy sports to become a mainstream industry. As of recent years, CDM's assets were acquired by SportsHub Technologies, indicating a transition from independent operation to integration within a larger sports gaming network.[4][5]
The company's future trajectory will likely depend on how the broader fantasy sports market evolves. With daily fantasy sports now mature and facing regulatory scrutiny in various jurisdictions, the season-long, high-stakes segment that CDM pioneered may experience renewed interest from players seeking deeper engagement and community. CDM's two-decade track record of trust and customer service positions it well to capitalize on this potential shift, particularly as players increasingly value established, regulated platforms over newer entrants in an increasingly competitive landscape.
