
New York Attorney General Eric Schneiderman was astonished to see in his research into daily fantasy sports that the leading operators were engaged in deceptive marketing, simply one of the many and varied reasons he’s announced industry illegal.
Day-to-day fantasy sports (DFS) is no longer legal in nyc following an investigation by their state’s lead attorney that is legal market leaders DraftKings and FanDuel both receiving cease-and-desist letters on Tuesday.
‘Our investigation has found that, unlike traditional fantasy activities, daily fantasy recreations companies are involved in illegal gambling,’ New York Attorney General Eric Schneiderman said in a press release.
‘Daily dream sports is neither victimless nor harmless, and it’s also clear that DraftKings and FanDuel are the leaders of the massive, multi-billion-dollar scheme designed to evade the law and fleece sports fans across the country.’
Schneiderman unveiled his office found DFS operators engaging in ‘deceptive advertising to lure customers into an unregulated online gambling operation,’ but said that training wouldn’t carry on his watch.
Sides Square Off
The confrontation between Schneiderman and the two leading daily fantasy operators has quickly taken an ugly and combative turn.
The attorney general of course initiated the quarrel, composing in his cease-and-desist letter that ‘customers are clearly placing bets on activities outside of their contr Read more »