Brand New York Attorney General Eric Schneiderman was astonished to find in his investigation into daily fantasy sports that the best operators were engaged in deceptive marketing, just one of the reasons that are many’s declared industry illegal.
Daily fantasy sports (DFS) is not any longer legal in ny following an investigation by hawaii’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 sports, daily fantasy activities companies are involved in illegal gambling,’ ny Attorney General Eric Schneiderman said in a press release.
‘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 meant to evade the legislation and fleece sports fans around the world.’
Schneiderman unveiled his office found DFS operators engaging in ‘deceptive advertising to lure customers into an online that is unregulated gambling,’ but stated that practice wouldn’t keep on his watch.
Sides Square Off
The confrontation between Schneiderman and the two leading daily fantasy operators has quickly taken an ugly and combative change.
The attorney general of course initiated the quarrel, writing in his letter that is cease-and-desist that are clearly placing bets on activities outside of their control or influence,’ cit Continue reading “Daily Fantasy Sports Declared Illegal by Nyc Attorney General”