NEW YORK (AP) — A judge is expected to hear different interpretations of gambling laws at a hearing on how the country’s two biggest daily fantasy sports companies operate in New York. State Supreme Court Justice Manuel Mendez will hear arguments Wednesday by lawyers for DraftKings and FanDuel and the state’s attorney general. Eric Schneiderman […]
Daily fantasy sports sites are built on a contradiction: They feel like gambling, but DraftKings and FanDuel insist that they are absolutely not gambling. T his queasy coexistence is underlined by the companies' regulatory status --Show More Summary
A week after New York state sued DraftKings, alleging that the daily fantasy sports (DFS) site is an illegal gambling operation, DraftKings has filed a brief with the court to make its argument that DFS isn’t gambling at all. The lawsuit filed by New York state Attorney General Eric Schneiderman claims that DFS sites are “gambling” under the state’s …
Entries at daily fantasy sports site FanDuel's NFL contests have fallen sharply since New York's attorney general declared the games to be illegal gambling in the state and the company stopped taking money from New Yorkers.
The battle between New York's attorney general and daily fantasy sports companies, which heads to court this week, comes down to this: is it gambling.
Daily fantasy sports site FanDuel said on Tuesday it would no longer let people in New York enter its paid contests in response to efforts by the state's attorney general to declare the games illegal gambling. New York Attorney General...Show More Summary
One week after concluding that, according to New York state law, daily fantasy sports sites DraftKings and FanDuel are unlicensed gambling operations, the state has filed lawsuits against both companies, seeking to stop them from offering...Show More Summary
The ongoing daily fantasy sports saga essentially boils down to one key question: Is daily fantasy sports gambling? Proponents of the (...)
Daily fantasy sports sites DraftKings and FanDuel are basically everywhere lately. Not only are the ads for both companies a constant during every sports broadcast of any kind, but also there’s constantly news about FBI investigations, states trying to shut them down, or even
Here’s what’s trenidng on Wonk Wire today: Are Iowans Really That “Stupid?” Will Solar Die if the Investment Tax Credit Isn’t Renewed? The GOP’s Hard-Money Orthodoxy Yes, Daily Fantasy Sports Is Gambling Part Time Workers Are No Better Off Than [...]
Last night on Last Week Tonight, John Oliver spent most of the show explaining all the reasons he's pretty sure that daily fantasy sports sites — like DraftKings and FanDuel, which were both told to stop running in New York last week — are exactly like gambling. The companies protest... More »
Daily fantasy companies keep trying to pretend their sites don’t peddle gambling, but the “Last Week Tonight” host begs to differ.
With daily fantasy sports sites DraftKings and FanDuel in a high-profile legal battle with New York state over whether they are a form of unlicensed gambling or games of skill, HBO’s John Oliver has released his own version of the sites’ infamous “anyone can win” ads. If you’ve watched TV at all in the last six months, you’ve definitely …
[...] with the gambling debate heating up at home, some in the fantasy sports industry say the international moves put the two companies in an increasingly untenable position. Haas said DraftKings plans to offer its familiar range of NFL, NBA, Major League Baseball and NHL contests in the U.K. Show More Summary
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. An ex-JP Morgan adviser admitted to stealing $22 million from clients for gambling and other expenses (WSJ) Michael...Show More Summary
Top daily fantasy sports companies DraftKings and FanDuel filed lawsuits on Friday to contest an order to shut down their online gaming operations in New York state, asking a state court to rule that the games are not illegal gambli...
Fans of daily fantasy sports protested what could be the end of the online games in New York after the state's attorney general decided earlier this week that they constituted illegal gambling.
DraftKings, the largest daily fantasy sports web site, sued New York Attorney General Eric Schneiderman on Friday, three days after he ruled the company had violated state gambling laws and ordered it to cease operations in the state. Show More Summary
On Tuesday, New York Attorney General Eric Schneiderman declared daily fantasy sites such as DraftKings and FanDuel to be in violation of the state’s gambling laws and sent both companies cease-and-desist letters to stop accepting payments from New York residents. [NFL may force Jerry Jones, Robert Kraft to dump financial stakes in daily fantasy] On […]
The NY State Attorney General shut down FanDuel and DraftKings earlier this week, saying this: Our investigation has found that, unlike traditional fantasy sports, daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling, and misleading New […]