New York Attorney General Eric Schneiderman ended up being astonished to find out in his investigation into daily fantasy sports that the best operators were engaged in deceptive marketing, simply one of the multiple reasons he’s declared industry illegal.
Daily fantasy sports (DFS) is no more legal in ny following an investigation by their state’s lead legal attorney, market leaders DraftKings and FanDuel both getting cease-and-desist letters on Tuesday.
‘Our investigation has found that, unlike traditional fantasy recreations, daily fantasy recreations companies are engaged in illegal gambling,’ New York Attorney General Eric Schneiderman said in a press launch.
‘Daily fantasy sports is neither victimless nor harmless, and it’s also clear that DraftKings and FanDuel are the leaders of the massive, multi-billion-dollar scheme meant to evade the law and fleece sports fans in the united states.’
Schneiderman revealed his office found DFS operators engaging in ‘deceptive marketing to lure consumers into an online that is unregulated gambling,’ but stated that training wouldn’t carry on his watch.
Sides Square Off
The confrontation between Schneiderman and the two leading daily fantasy operators has quickly taken an ugly and turn that is combative.
The attorney general of course initiated the quarrel, writing in his letter that is cease-and-desist that are clearly placing bets on occasions outside of their control or i Continue reading “Daily Fantasy Sports Declared Illegal by Ny Attorney General”