New York convinced a state court late Monday to reject demands from DraftKings and FanDuel—two popular fantasy sports operators—to issue restraining orders blocking the state attorney general from making good on his threats to shut them down in New York.
The state’s attorney general, Eric Schneiderman, is demanding that the world’s leading online fantasy sports wagering websites stop operating in New York because he claims they’re too much like a lottery, even though New York operates a state-run lottery. FanDuel, based in New York, said it is already having problems processing payments in the wake of Schneiderman’s cease-and-desist orders of last week. Financial institutions fear legal action from New York, where the two companies have hundreds of thousands of customers and is one of their biggest markets.

Read 13 remaining paragraphs | Comments

Leave a Reply