Roberto71
Well-known member
Serious blow to DraftKings and the others, the New York AG has declared it as illegal gambling and has issued cease and desist letters to the companies.
http://espn.go.com/chalk/story/_/id...eneral-declares-daily-fantasy-sports-gambling
New York attorney general Eric Schneiderman declared Tuesday that daily fantasy sports constitutes illegal gambling in his state and sent game operators DraftKings and FanDuel cease-and-desist notices in a significant blow to the embattled billion-dollar industry.
Schneiderman demanded DraftKings and FanDuel, the two industry giants, stop accepting "wagers" from New York residents and discontinue operations in the state.
"Our review concludes that DraftKings'/FanDuel's operations constitute illegal gambling under New York law," Schneiderman wrote in the letter, obtained by ESPN's David Purdum and Darren Rovell, and ABC News.
During their rampant growth, daily fantasy sites have pointed to the Unlawful Internet Gambling Enforcement Act of 2006 in regard to their legality and have claimed they offer games of skill. But Schneiderman found that "each DraftKings/FanDuel wager represents a wager on a 'contest of chance' where winning or losing depends on numerous elements of chance to a 'material degree.'"
Using that criteria, Schneiderman reasons that the customers of the two largest daily fantasy sites, which have said they would award more than $3 billion combined in prizes in 2015, "are clearly placing bets on events outside their control of influence, specifically on the real game performance of professional athletes."
The attorney general's office is not looking to get money back from New Yorkers that had won via daily fantasy sites.
http://espn.go.com/chalk/story/_/id...eneral-declares-daily-fantasy-sports-gambling