Daily Fantasy Sports Legal
Legal News About Daily Fantasy Sports
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.
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.
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 CBS has quietly withdrawn.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.
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.
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:
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 – (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.