The heavyweights of the daily fantasy sports world were dealt a crushing blow yesterday when New York’s attorney general declared the games illegal — but Boston-based DraftKings vowed to fight the ruling and said it will continue to operate in the state.
“We are not pulling out of New York, ” DraftKings spokesman Benjamin Spicehandler told the Herald. “We are fighting this.”
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
New York Attorney General Eric Schneiderman’s office wrote letters to both DraftKings and New York-based FanDuel yesterday, demanding they “cease and desist from illegally accepting wagers in New York State in connection with Daily Fantasy Sports.”
The cease-and-desist letters said the games, which allow players to win money based on fantasy sports teams they assemble, are “contests of chance, ” which “constitute illegal gambling under New York law.”
“DFS contests are neither harmless nor victimless, ” both letters state. “Daily Fantasy Sports are creating the same public health and economic concerns as other forms of gambling, including addiction.”
Read the full story at Boston Herald, by Bob McGovern
DraftKings is a Boston, MA, daily fantasy sports contest provider. DraftKings was established in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, former VistaPrint executives.
