Austin, Texas - Challenge Games, a developer of online fantasy sports games including "Duels" and "Baseball Boss," announced that it has raised $10 million in its second round of venture capital financing, led by Globespan Capital Partners.

Ft. Lauderdale, Fla. - The National Football League Players Association (NFLPA) has filed a countersuit against CBS (NYSE: CBS), which last week asked a federal judge to issue a ruling stating that its fantasy football games do not infringe on players' rights.

Seattle - Atomic Moguls, a provider of fantasy sports leagues and related services, has raised about $1 million in new funding from Second Avenue Partners and other investors, the Seattle Post-Intelligencer reported.

Austin, Texas - Challenge Games, a developer of browser-based, free-to-play online games, announced on Thursday that it has closed a $4.5 million first round of funding from Sequoia Capital.

Washington - The U.S. Supreme Court has refused to hear an appeal from Major League Baseball in a move that will give fantasy sports leagues the rights to use players' names and statistics without paying a license fee. The initial court ruling in favor of fantasy sports league operators came in 2005, and MLB and its players' association appealed to the Supreme Court in February, arguing that players should retain control over the use of their names and likenesses, and that such licenses are worth billions of dollars.

Dulles, Va. - AOL has paid an undisclosed sum to acquire New Jersey-based fantasy sports site Fleaflicker, which powers The Washington Post's fantasy football leagues, TechCrunch reported.

New York - FLW Outdoors on Wednesday announced the largest cash purse for an online fantasy sports competition, with a $1 million payout to the winner of FantasyFishing.com, The Wall Street Journal reported. The announcement was made by FLW chairman Irwin Jacobs, who owns boat maker Genmar Holdings. A test of the online fantasy fishing game last year drew several hundred thousand players. The game will not require a registration fee, but will charge $39.95 for supplemental information on "pro anglers, lake conditions and expert commentary."

St. Louis - The U.S. Court of Appeals for the 8th Circuit has refused to rehear an appeal of a ruling that said fantasy baseball game providers can use actual names and statistics on players in their games, the St. Louis Business Journal reports.

Toronto - John Malone's Liberty Media (NASD: LINTA) said on Friday that it will acquire Toronto-based FUN Technologies, a provider of online casual and fantasy sports games and sports information, in a deal valued at about $94 million.