DraftKings and FanDuel settle with New York for $12 million
Just because New York state has legalized daily fantasy sports doesn’t mean that DraftKings and FanDuel are off the hook just yet. The two sites have settled with New York’s Attorney General over charges of misleading customers about their chances of winning. Each company will pay $6 million, and they’ll have to institute “sweeping reforms” to their marketing. They’ll have to explicitly disclose the expected odds and winnings in contests, as well as the terms for any promotions. Both will also have to offer resources for players who might succumb to addiction, and host a page detailing the success rates for users — particularly for top players who might use scripts and advanced theories to get an edge.
Developing…
Source: New York Attorney General
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