daily-fantasy Archives

What are the odds? Daily fantasy sports win reprieve in N.Y

December 11, 2015 creative after-hearing, attorney, crippling-blow, daily, daily-fantasy, judge-on-friday, lawful-ones, leading, michael-erman, schneiderman, state, suzanne-barlyn

By Michael Erman and Suzanne Barlyn NEW YORK (Reuters) – A New York judge on Friday ruled that the leading daily fantasy sports companies FanDuel and DraftKings must cease operating in the state, in what could be a crippling blow to the fast-growing, multibillion-dollar industry. New York Supreme Court Justice Manuel Mendez granted an injunction sought by Attorney General Eric Schneiderman after hearing arguments last month over whether daily fantasy sports games amounted to illegal games of chance or lawful ones involving skill

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NY judge shuts down daily fantasy sports in state

December 11, 2015 creative after-hearing, arguments-last, crippling-blow, daily, daily-fantasy, fast, lawful-ones, month-over, schneiderman, supreme-court

NEW YORK, Dec 11 (Reuters) – A New York judge on Friday ruled that daily fantasy sports companies FanDuel and DraftKings must cease operating in the state, in what could be a crippling blow to the fast-growing, multibillion-dollar industry.

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Daily fantasy sports site FanDuel stops taking money in NY

November 14, 2015 publisher accounts, after-the-state, board-inside, daily, daily-fantasy, players, said-on-friday, schneiderman, sports-market, state, stopped-taking, suzanne-barlyn, taking-money, york

By Liana B. Baker and Suzanne Barlyn NEW YORK (Reuters) – Daily fantasy sports site FanDuel said on Friday it stopped taking new deposits in New York after the state's attorney general declared the games to be illegal gambling. New York Attorney General Eric Schneiderman sent cease and desist letters this week to daily fantasy sports market leaders FanDuel and DraftKings, demanding that they stop taking money from players in the state.