New York Attorney General Eric Schneiderman was surprised to see in his research into daily fantasy sports that the best operators were engaged in deceptive marketing, simply one of the many reasons he’s announced the market illegal.
Day-to-day fantasy sports (DFS) is not legal in nyc following a study by the 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 activities companies are involved in illegal gambling,’ nyc Attorney General Eric Schneiderman said in a press launch.
‘Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme designed to evade the law and fleece sports fans in the united states.’
Schneiderman revealed his office found DFS operators engaging in ‘deceptive advertising to lure customers into an online that is unregulated gambling,’ but said that training wouldn’t continue 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 control or impact,’ citing that the utmost Continue reading “Daily Fantasy Sports Declared Illegal by Nyc Attorney General”