New York Orders FanDuel and DraftKings to Shutter Operations
By ETCentric
November 11, 2015
November 11, 2015
The New York Attorney General’s office announced yesterday that fantasy-sports games FanDuel and DraftKings constitute illegal gambling and are therefore subject to criminal penalties if they do not shut down in New York. While a few other states have said fantasy sports constitute gambling, the “cease-and-desist order from New York Attorney General Eric Schneiderman is the first time fantasy-sports operators have been formally accused of criminal activity,” reports The Wall Street Journal. The companies have five days to respond. According to Schneiderman, “it is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme intended to evade the law and fleece sports fans across the country.”
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