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November 14, 2015

DraftKings and FanDuel sue to stop New York Attorney General’s ban

by John_A

DraftKings Inc. And FanDuel Inc. Applications As Ad Spending Increases

Following New York Attorney General Eric Schneiderman’s request for daily fantasy sports sites DraftKings and FanDuel to stop operating in his state, the two sites filed a lawsuit against the AG. Filing a petition with the New York Supreme Court, both sites allege that Schneiderman’s office illegally interfered with their business operations by threatening payment processing vendors if they didn’t stop handling transactions for players in New York. The Attorney General also declared the two illegal gambling sites earlier this week, threatening to ban them if they didn’t stop operations. The companies maintain that their version of fantasy sports do indeed require skill rather than luck, which separates them from regular ol’ gambling.

Source: ESPN

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