ALBANY, N.Y. (Associated Press) — The chairman of the Assembly committee with authority over gambling predicts New York will legalize and regulate daily fantasy sports, noting many residents already play it online.
ALBANY, New York — (Associated Press) - State lawmakers are set to examine the legality and financial and consumer impacts of daily fantasy sports in New York, where the attorney general is trying to shut them down.
(Associated Press) - Sometime soon, perhaps in the next few days, a judge in New York is expected to issue an opinion that may go a long way in determining the future of the daily fantasy industry.
Justice Manuel Mendez could hand a lump of coal to FanDuel and DraftKings if he orders the two sites to stop operating in New York because they violate state gambling laws.
New York Superior Court Judge Manuel Mendez will be making his decision on whether DraftKings and FanDuel can operate in the state of New York.
Judge Mendez stated that his decision will come within a one to two week period. We are now beyond that one week time frame.
The hearing took place following New York Attorney General Eric Schneiderman’s decree that Daily Fantasy Sports is nothing more than illegal gambling. He demanded that both FanDuel and DraftKings cease operations in the state.
The 2011 shutdown of Fantasy Thunder -- a NASCAR-focused fantasy site based near Spokane, Washington, and in operation for about five years according to witness testimony -- was mentioned in court filings now before Judge Mendez, ESPN.com’s Ryan Rodenberg notes.
The Green Bay Packers struggles in recent weeks have reflected on starting quarterback Aaron Rodgers Daily Fantasy NFL performance.
Last week, Rodgers completed 22-of-43 passes for 202 yards with one touchdown and one interception and rushed four times for 33 yards in the Packers' Week 12 loss to the Bears.
BOSTON (Associated Press) — Yahoo remains active. CBS has quietly withdrawn. And lesser known daily fantasy sports companies are scaling back.
As industry leaders FanDuel and DraftKings fight to protect their lucrative enterprises, other companies offering daily fantasy sports are taking different approaches to how they operate as their new industry faces increased scrutiny.
Stopping by the Courthouse on 71 Thomas Street in New York City all was quiet our intrepid reporter Jeff Williams observed Friday, but that was hardly the case this past Wednesday when hoards of reporters and other observers packed inside the relatively small space during a hearing to determine the fate of Daily Fantasy Sports in New York State.
“The volume of attendees was unprecedented,” the Court officer told Williams, who himself has never seen court hearings teeming with this many people.
Judge Manuel Mendez will decide on whether Daily Fantasy Sports sites DraftKings and FanDuel can continue to operate in the state of New York in one to two weeks. He opted not to make his decision at the conclusion of Wednesday's hearing.
NY Attorney General Eric Schneiderman ordered the two companies to stop conducting business in the state after determining their activity to be a form of “illegal gambling”.
DFS911.com, present at the Wednesday November 25 hearing to determine whether Daily Fantasy Sports sites FanDuel and DraftKings can continue to operate in the state of New York, has obtained the actual court filings pertaining to the case below.
The two big Daily Fantasy Sports (“DFS”) operators, FanDuel and DraftKings, and their backers, are, in the immortal words of former President George H.W. Bush, in “deep-doodoo.” But lawyers with legal shovels can probably dig them out.
As recently as last year, the DFS industry’s problems were relatively insignificant. As in the early days of Internet poker, operators were making so much money that they could afford to brush off the few scattered questions about the games’ legality.
OLYMPIA — (Associated Press) - The variety of laws related to fantasy sports games in Washington state and across the country were discussed before a Senate committee in Washington state Friday, where lawmakers also discussed a bill that proposes legalizing casual, season-long fantasy leagues.
FanDuel was hardly letting up on its aggressive advertising campaign during this football season amidst a crackdown by the New York Attorney General’s office. In fact, they may have just upped the ante.
On Sunday, FanDuel began advertising the refund of entry fees. Reportedly this just applies to the very first entry fee made, though this restriction is easy to miss when first catching the commercial.
Gambling911.com/DFS911.com will have reporter Jeff Williams in the court room Wednesday monitoring a hearing to determine whether Daily Fantasy Sports giants DraftKings and FanDuel will still be able to accept New York State residents.
Earlier this month, New York Attorney General Eric Schneiderman determined that Daily Fantasy Sports is actually illegal online gambling in disguise. DraftKings and FanDuel both insist their daily and weekly contests are games of skill, not gambling.
Sports Illustrated is reporting that the latest class action lawsuit involving Daily Fantasy Sports filed in the state of Florida names the National Football League, NBA, Jerry Jones, the Kraft Family and American Express among others.
From Sports Illustrated:
In the wake of a probe of the Daily Fantasy Sports industry by New York Attorney General Eric Schneiderman, it was revealed Friday that a class-action lawsuit has been filed against DraftKings and FanDuel as well as major credit card companies and payment processors claiming the plaintiff and others are “one of thouseands of people who have wagered and lost money through FanDuel’s and DraftKing’s illegal sports gambling websites”.
The fantasy sports sector was left frustrated Thursday wondering why the Fantasy Sports Trade Association had apparently allowed a major media outlet to gain access to damning meeting notes.
ESPN revealed Thursday that they had obtained FSTA meeting minutes in which DraftKings CEO Jason Robins essentially admitted that his company had knowingly broke the law as it pertains to violation of the Unlawful Internet Gaming Enforcement Act.
The FSTA was also subpoenaed to provide similar information to the New York Attorney General’s office with what appears to be little fight.
BOSTON (Associated Press) — Daily fantasy sports companies like FanDuel and Boston-based DraftKings would be allowed to continue operating in Massachusetts, but with age and advertising restrictions, disclosure requirements and other new rules proposed Thursday by the state's attorney general.
Maura Healey announced what she called an aggressive, first-in-the-nation plan to regulate the websites after her office spent several weeks reviewing whether the contests were legal in the state.
New York State Attorney General Eric Schneiderman expanded his probe into Daily Fantasy Sports sites this week, issuing subpoenas against media giant Yahoo. That company entered the DFS market this past summer.
The attorney general sought an injunction on Tuesday to prevent both DraftKings and FanDuel from operating within the state, calling the companies “plainly illegal” and “nothing more than a rebranding of sports betting.”
One of the primary investors in Daily Fantasy Sports site Star Fantasy Leagues as well as a stakeholder in Ladbrokes, Dermot Desmond, has attacked that UK bookmaker’s merger with Coral saying it is “the wrong deal”.
The Irish billionaire is considered to be Ireland’s answer to Warren Buffett.
“Ladbrokes’ shareholders should instruct the board to properly evaluate all strategic options open to it before committing to what I believe is the wrong deal,” he said.
The New York Attorney General has filed an enforcement action detailing what he says are violations committed by Daily Fantasy Sports powerhouses FanDuel and DraftKings. Both companies were ordered to cease taking bets form New York state citizens last week.
The following are excerpts of the memorandum of law filed by the Office of the Attorney General:
NEW YORK — (Reuters) - A New York state judge denied a temporary restraining order sought by daily fantasy sports companies DraftKings and FanDuel in an effort to keep operating in the state after New York's attorney general deemed the games to be illegal gambling.
In seeking the restraining orders, the companies said that New York Attorney General Eric Schneiderman's office had been pressuring their vendors to stop doing business with them, and they could be forced to close up shop in the state.
NEW YORK – (Associated Press) - He's the player daily fantasy sports fans across the country are suddenly watching: New York Attorney General Eric Schneiderman, who ordered industry giants DraftKings and FanDuel this past week to stop accepting play from New Yorkers, saying their business amounts to illegal gambling.
And that was just Schneiderman's latest batch of national headlines this year.
BOSTON (Associated Press) — Top daily fantasy sports companies are fiercely rejecting the idea that their rapidly growing industry should be considered gambling in the United States.
But FanDuel and DraftKings are OK with that label in the United Kingdom. They're embracing it as a step toward global expansion.
U.K. gambling regulators granted a gambling license to DraftKings in August, while FanDuel applied earlier this month for a license as a "gambling software" company.
Top daily fantasy sports companies DraftKings and FanDuel filed lawsuits on Friday to contest an order to shut down their online gaming operations in New York state, asking a state court to rule that the games are not illegal gambling.
The New York attorney general's office on Tuesday ordered the two companies to stop taking money from New Yorkers and declared the games to be against state law because customers "are clearly placing bets on events outside of their control or influence, specifically on the real-game performance of professional athletes."